The Community Food and Agriculture Coalition is pleased to announce the opening of applications for our 5th annual Farm Fresh Pitchfest on Oct. 29, 2020. We accept up to 5 farmers, ranchers, or local food business owners for endorsement for a 0% interest, no-fee loan for up to $15,000 for agricultural and food operations.
While any business owner can apply for a Kiva loan on their own, endorsement from CFAC increases the likelihood of getting full funding and gives priority to the application when it is reviewed by Kiva. Furthermore, applicants for this program are automatically enrolled to present in our live fundraising event–Farm Fresh Pitchfest–where businesses have the opportunity to present their Kiva loan projects in front of a live audience of investors, business coaches, and diverse community members who want to support Montana’s local food system. While this program requires participants to run a crowdfunding campaign, CFAC provides technical support and coaching, and 100% of CFAC endorsed loans have attained full funding.
Kiva does not require businesses to have a certain credit score, so this opportunity is perfect for those who are in the beginning phases of business development and have not yet had the opportunity to access capital. However, businesses of all stages of development are encouraged to apply.
This opportunity requires two different applications:
1) to CFAC for endorsement, and
2) to Kiva for a crowdfunding profile and to access your loan.
The application to CFAC for endorsement covers the needs of Kiva’s application process (application link here), so once you attain endorsement you should have the information you need to apply to Kiva without additional requirements.
CFAC has endorsed 19 loans for a total of $144,500 and our borrowers have a 100% repayment rate (remember, it’s 0% interest and has no fees!).
To learn more about Kiva, its innovative loan model, and to access the Kiva application, visit www.kiva.org/borrow
You can also download CFAC’s Kiva endorsement application as a PDF here:
Timeline and Requirements
Applications to CFAC are due November 19th. All applications will go through a community review process and final awardees will be announced January 15, 2021. We strongly encourage applicants to join our informational webinar on November 5th at 11am to learn more about CFAC’s funding opportunities and how to apply. Register for the informational webinar here. All applicants attaining CFAC endorsement on Kiva loans will also be required to participate in the 5th annual Farm Fresh Pitchfest in the last week of March. Once CFAC endorsement has been granted (application link here), all applicants must also apply directly to Kiva at www.kiva.org/borrow. Although CFAC endorsement elevates an application to Kiva, Kiva retains the right to refuse applications and loans through their own application and review process.
Kiva Timeline for Borrowers
|October 29, 2020||RFA Released|
|November 5, 2020||Applicant Info Webinar|
|November 19, 2020||Applications Due|
|January 15th, 2021||Endorsed Applicants Announced|
|February 2021||Endorsed Applicants Apply to Kiva|
|February 2021||Applicants Loans enter Private Funding Process|
|March 2021||Applicants Loans enter Public Funding Process|
|March 2021||Kiva Pitchfest|
Minimum Eligibility Requirements
- You and your business must be based in the United States (for CFAC endorsement you and your business must be based in Montana).
- You must be over 18 years old.
- You must be using the loan for business purposes.
- Your business must not be engaged in any of the following activities: multi-level marketing / direct sales; illegal activities (e.g. gambling, scams); or pure financial investing (e.g. stocks)
- You cannot currently be in foreclosure, bankruptcy, or under any liens.
- You must be willing to demonstrate your social capital by having a small number of your friends and family make a loan to you before your loan can enter the public funding process.
Contact us if you have more questions: email@example.com or 406-926-1625
Kiva.org is an international non-profit that enables passionate and determined entrepreneurs to access 0% interest small business loans by crowdfunding locally and across the world.
- Tangled Carrot Farm $10,000 loan in start-up equipment and fencing for her 1 acre farm
- Aspen Grove Farm $10,000 loan for irrigation infrastructure to expand the farm’s honeyberry production.
- Back to the Mother Microbrewed Kombucha $8,500 loan for bottling and labeling equipment.
- Tucker Family Farm $10,000 loan to help purchase a cheese press for their creamery.
- Front Street Fungi $9,000 loan to help purchase a steam sterilizer for his local mushroom operation.
- Southbound Flowers $5,000 loan to help cover start-up costs for her new flower farm.
- House of Ferments $6,000 loan to purchase fermentation equipment for her food and beverage business.
- Missoula Grain & Vegetable Co. $8,000 loan to buy a new greenhouse for season extension.
- Little Dancing Dog Farm $5,000 loan to help purchase a walk-behind tractor for their farm.
- SweetRoot Farm – $9,000 loan for a walking tractor and implements.
- Crow’s View Farm – $8,000 loan used to purchase a high tunnel for season extension.
- Black Bear Soup and Produce – $8,000 loan to buy a walk-behind tractor to use on her small farm.
- Hindu Hillbilly – $10,000 loan to help complete a honey house and shop so she can get licensed to sell her honey in the wholesale market.
- Wicked Good Produce – $10,00 loan to purchase a refrigerated truck to expand her local food distribution company.
- Glacier Tilth Farm – $5,000 loan for start-up cash flow for her first year in business.
- Bäckerei Provincial – $3,000 loan to buy mixing and baking equipment for her bakery and bread CSA.
- Flare Pops – $3,000 loan to buy equipment for their start-up ice pop operation.
- Ploughshare Farm – $6,000 loan to upgrade farm equipment and advertising efforts.
- County Rail Farm – $10,000 loan to help set up production at their new location and expand their farm.