Inspired by the July luncheon presentation on Kiva loans, members Becky Steinhoff and Leslie Petty set out to launch a TEMPO Madison Kiva Lending Team aimed at supporting women-owned businesses. Starting today, you can contribute to the TEMPO Madison Kiva Loan Fund!
The Kiva loan program gives small loans to businesses all over the world, including right here in Madison (https://www.kiva.org/team/madison). These loans often go to small start-ups that can't get a loan through traditional lending institutions. These loans are funded by individuals who make small contributions towards the loan. Then as the business owner pays back the loan, the lender also gets paid back so they can make another loan.
Our dollars will get pooled together so we can make loans from TEMPO Madison. Decisions on which loans we fund will be made by a committee of TEMPO Madison members. Loan updates will be regularly shared on the TEMPO Madison newsletter.
In keeping with the TEMPO Madison mission, priority will be given to women-owned businesses, with an emphasis on lending to women of color.
How You Can Contribute to the TEMPO Madison Kiva Loan Fund:
1. Visit the TEMPO Madison Kiva Lending Team Page at: https://tempomadison.org/kiva
2. Review the TEMPO Madison Kiva Lending Guidelines.
3. Make a contribution. There is a $50.00 recommended contribution, but all amounts are welcome!
It's that simple to join!
If you would like to join the TEMPO Madison Kiva Lending Committee, email Becky Steinhoff at email@example.com. The committee will meet on a monthly basis. The first meeting will be held on February 9th at 4 pm via zoom.