Kiva Detroit is coming out with more options in its 2.0 version, which the micro-lending website launched last week.
The nonprofit debuted
Kiva Zip, which it bills as "an experimental site ... that enables (users) to make direct loans to borrowers, at an increased risk, using innovations like mobile payment technologies."
"We believe that these new tools give us all new power," says Rishi Jaitly, co-founder of
Kiva Detroit.
Kiva Zip is being tested out by
Puzzle Piece Theatre in Detroit. The non-profit performance art company is looking to raise $5,000 to help it bring more arts and culture to everyday Detroit through its form of theater that specializes in focusing productions on how a script is framed for the audience.
"We know that everyone wants to see a play," says D.B. Schroeder, producing artistic director for
Puzzle Piece Theatre. "But we're excited to ring art into the community."
Source: Rishi Jaitly, co-founder of Kiva Detroit D.B. Schroeder, producing artistic director for Puzzle Piece Theatre
Writer: Jon Zemke
Read more about Metro Detroit's growing entrepreneurial ecosystem at SEMichiganStartup.com.