Let me tell you my Kiva story:
Last fall, my daughter told me about a friend of hers, Jimmy, who had a great idea to start a Vietnamese food truck. His story was on the Kiva site. I had such fun reading about his dream of starting a business.
People with ideas and the motivation to work hard to achieve them have always fascinated me!
So, it was not a hard decision for me to take out my credit card and make a small loan through the Kiva site.
I enjoyed watching Jimmy’s account grow over the next few weeks and was excited when I got the email that he achieved his goal of $5,000. Since then, I have received an email each month from Kiva to let me know that Jimmy is paying back his loan and Kiva is returning money to my lending account.
A few months later, I took some of the money Jimmy had paid back to me and loaned it to another entrepreneur: a woman in Louisville who is raising good bugs … ones that growers can put in their greenhouses to keep the bad bugs away. Again, I had fun watching her achieve her funding goal.
Then we brought Kiva to Corydon! Debi and Ron Fredericks quickly raised $5,000 through Kiva to remodel Fredericks Cafe .They had a great idea of moving the big bar from the front room to make additional seating for 15 happy customers. This will allow them to add to their staff and will increase revenue by $750/week.
As I write this blog, our talented young entrepreneurs, Taylor Johnson and Tyler Best, are raising $5,000 for their new technology business in downtown Corydon. They have received 46 micro-loans from people all over the world.
Why not join in the fun?
Encourage these entrepreneurs today: https://zip.kiva.org/loans/14730/i/1x3s
Shine on Corydon!
What does it mean to encourage an entrepreneur?
At Main Street Corydon, we are committed to encouraging entrepreneurs in downtown Corydon. We want the people who start a business here to know that the whole town is behind them. We want them to succeed! We want them to tell their friends, “Corydon is the best place to start a business.”
So, what does that look like?
There are many ways each of us can encourage those who start businesses in Corydon, from making a point to notice and compliment new landscaping or store displays, to buying goods, to recommending them to your friends and neighbors.
I do think it takes some intentionality. What I mean by that is, if you have thought that you wish Corydon were more vibrant, or had more to offer, then think about who is doing something right and support that effort.
That is where Kiva comes in.
Main Street Corydon has found another way for you to get involved in entrepreneurship: investing in local businesses with a small loan … even $5.00 makes you a part of an entrepreneur’s dream.
In the coming months, and years, you will see many businesses start or expand in our community with the help of Kiva.
Basically, Kiva is a bunch of people coming together to help businesses get started or expand. Instead of going to a bank for a loan, the Kiva entrepreneur submits an application to the Kiva team, who are experienced at reviewing plans of start-ups.
Kiva, along with the local trustee (Main Street Corydon), decide whether to place the potential entrepreneur on the Kiva site, where the whole community - and even the whole world - can make a short term (24 month) loan to them.
Your $5.00 loan can say to an entrepreneur, “I like your idea!” or
“I’m behind you!” or
“Welcome to Corydon!” or
“Keep up the great work … we are glad you are expanding here!”
Visit the Kiva Zip site for our newest Downtown Corydon business, Digital Now IT:
Shine on Corydon ... encourage an entrepreneur,