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AEDC is the first organization in Alaska to be named as a trustee for Kiva Zip, a small pilot project by Kiva.org focusing on direct person-to-person microlending. The program aims to expand financial opportunities and access for borrowers, reduce the cost of capital for borrowers and enhance the connectedness between lenders and borrowers.
AEDC is partnering with the Alaska Small Business Development Center (SBDC) to identify Alaska businesses that would benefit from the Kiva funding model. As a trustee to Kiva Zip, AEDC will play a crucial role in the program by recommending borrowers for the Kiva Zip loan and ensuring they meet the criteria for the program. In addition, AEDC and SBDC will provide borrowers with ongoing support and business coaching. Click here for more information.
Questions? Contact AEDC's Business and Economic Development Director,
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at (907) 334-1205.
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