Kiva Now Allows You to Invest in US Small Businesses

first_imgRelated Posts Tags:#enterprise Massive Non-Desk Workforce is an Opportunity fo… Is Giving in the U.S. As Good?Poverty is poverty.There’s no doubt that even prior to the credit crisis, U.S. small business had trouble getting capital. But the cold fact remains that $1,000 provides more leverage to a small business in Ghana than it does to one in Palo Alto. Microfinance for entrepreneurs in highly-developed countries may simply not be the most efficient use of funds to help small business.Another facet to the new Kiva program is the potential for lenders from other countries to finance U.S small business. The vision Kiva sees, with a “Guatemalan woman making a loan to an entrepreneur in Detroit”, might border on absurdity in the eyes of some. Admittedly though, lending through Kiva doesn’t revolve around economic efficiency. The incentive for lenders is one of emotion, of choosing the entrepreneur that you feel most needs a loan, and then seeing your investment have a positive effect. With that notion in mind, expanding Kiva in to the U.S. during an economic crisis might just be a brilliant move. IT + Project Management: A Love Affair 3 Areas of Your Business that Need Tech Now steven walling Today, the much-lauded microlender Kiva announced it will begin a pilot program of loans to U.S. small enterprise. Kiva began in Africa, and after four years has since expanded to 44 countries, mostly in the developing world.The test will start with 45 U.S. businesses, ranging from baked goods deliveries to child care and taxi drivers. For now, the loans are limited to New York and California, though Kiva is actively seeking new Field Partners to move in to more regions in the U.S.The Kiva platform works basically as a middle man, providing profiles of entrepreneurs for lenders to choose from, collecting the funds to be distributed through Kiva partners, and giving the capital back to lenders (either to re-lend, keep, or donate to Kiva) once a loan has been repaid. To date, more than $75 million for entrepreneurs in the developing world has been raised through the site. The Pilot ProgramKiva will work with two initial field partners for its U.S. loans: ACCION USA, a non-profit microfinance institute, and Opportunity Fund, a community development fund which works in California. A handful of the more popular entrepreneurs – such as in catering, child or elder care, and retail – have already been fully-funded or near to it. Cognitive Automation is the Immediate Future of…last_img read more

USS Innovation Room Showcase Returns for NRF Protect 2017

first_imgUSS recently announced plans to continue the tradition of featuring its Innovation Room, a one-on-one and interactive environment that allows the solution provider to showcase its latest loss prevention and security technology developments and offerings firsthand, at the upcoming NRF PPROTECT conference, scheduled for June 26-28, in Washington D.C.As part of the announcement, USS also revealed an exciting and new aspect of USS’ NRF PROTECT 2017 offerings: an every-hour, on-the-hour showcasing of a NEW innovative product and/or technology partnership. Information regarding when each product or partnership will be highlighted in the Innovation Room will be displayed at USS’ exhibit hall booth. This year, USS will be located at Booth 301.USS Chief Technology Officer Robert Simoneau voiced his excitement and gratitude for the opportunity to share the game-changing innovations the organizations’ team have developed.- Sponsor – “Building on our well-known legacy of Listen. Solve. Deliver., we renew and demonstrate our continued passion and commitment to innovation and the elevation of our industry by matching the promise of technology to the practical needs of all forms of retail,” said Simoneau. “NRF is one of the largest and most impacting events within the loss prevention community and an ideal environment to lift the veil on the next generation of product protection and security.” .“We are confident in the strength and pertinence of our new offerings. I for one am waiting with eager anticipation to witness the response from some of the loss prevention community’s most influential leaders and decision makers.” Stay UpdatedGet critical information for loss prevention professionals, security and retail management delivered right to your inbox.  Sign up nowlast_img read more