Matt Baril

Idea #19 Kiva for entrepreneurs. 30sec pitch, short business plan, founders' resume & micro investments

Kiva.org is a great website on which you can make micro-loans to poorer people on the globe. For instance, a young Bangladeshi might need $1000 to buy a small herd to make a living and you have the opportunity to give money to help. It would definitely be interesting if we could do the same for our local entrepreneurs. Micro-lending would be made easier and investors would have the opportunity to make 7-10% in interest while local entrepreneurs would have access to inexpensive financial leverages.

Kiva relies on pride and honor for people to pay their loans back and it works really well for them. Call me a pessimistic, but I don't believe that system would work in our society and therefore young businesses would have to offer assets against the loan and legal papers would have to be signed. That means a physical office would have to be set up. The company would take a small fee for all transaction.

Investors would have access to a 30 seconds pitch, videos, description of the company, the main idea or a summary of the business plan. Investors and entrepreneurs would have a way to communicate through the website and answers could be made public. The website would be a platform to connect investors and entrepreneurs.

Related posts:

1. February 28th – Business Idea #28
2. February 5th – Business Idea #5
3. February 3rd – Business Idea #3