Get Started: Kiva launches DC lending program

KIVA LAUNCHES DC LENDING PROGRAM

Small business owners in the Washington D.C.-area can apply for loans through a new micro-lending program launched by Kiva.

Global micro-lending organization Kiva is working with Capital One Bank and the Latin Economic Development Center to connect small business owners in the region to its global network of 870,000 individual lenders.

Kiva is a nonprofit organization created in 2005 with the aim of alleviating poverty through micro-lending. It connects those willing to make small loans with borrowers around the globe. The organization argues that every dollar lent to a small business helps to create jobs in local communities and support other businesses and communities.

People who are interested in providing money for loans can browse through profiles and stories of people in need of a microloan, and can choose who to lend to. The minimum loan size is $25. Kiva said that loans funded through its program have a 99 percent repayment rate.

The new online portal, Kiva D.C., connects Washington D.C.-area small businesses with its global network of lenders. It follows similar programs that Kiva set up in Los Angeles, Detroit and New Orleans.

To support lending to small businesses in the D.C. area, Capital One will match every dollar lent to small businesses posted by the Latin Economic Development Center on Kiva City D.C. LEDC has a program that works to identify borrowers in the D.C. area, administers the loans and posts profiles of each small business owner online at kiva.org. Capital One's loan matching program will last throughout 2013 and is expected to be a $150,000 commitment. In addition to the loan matching fund, Capital One has contributed $100,000 to support the launch of Kiva City D.C.

SMALL BUSINESS SUBCOMMITTEE CHAIRMEN NAMED

The House Small Business Committee has named five subcommittee chairmen for the 113th Congress. These individuals will lead the subcommittees for the next two years, helping represent the issues for the respective industries to the broader small business committee.

Chairman Sam Graves, R-Mo., named the following appointees:

-Subcommittee on Agriculture, Energy and Trade: Rep. Scott Tipton, R-Colo.

-Subcommittee on Healthcare and Technology: Rep. Chris Collins, R-N.Y.

-Subcommittee on Economic Growth, Tax and Capital Access: Rep. Tom Rice, R-S.C.

-Subcommittee on Investigations, Oversight and Regulations: Rep. David Schweikert, R-Ariz.

-Subcommittee on Contracting and Workforce: Rep. Richard Hanna, R-N.Y.

FREE SEMINAR ON WEBSITE CREATION

SCORE, a nonprofit association focused on helping small businesses get off the ground, is holding a free online workshop on how to get a website up and running.

The one-hour seminar on Thursday, Jan. 24 will show participants how to get a website online in five steps. The seminar will be led by Jason Niemoth, senior web designer at Go Daddy, a company that allows people to register website domain names and sells tools to help build websites and setup company email and other Internet services.

SCORE says participants will learn the basics needed to get started, how to choose a good website name, cost-effective options for building a site and the key elements of a successful website.

For more information visit Score's website at www.score.org

[Want to start your own small business? Take a look at the Yahoo! Web Hosting and Ecommerce solutions to help you get your website online.]

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