NEW YORK, Jan. 5, 2016 /PRNewswire/ -- Fundry, a leading small business funder, presented Kiva with a $25,000 grant at an event last month in New York City. In 2011, Kiva launched Kiva Zip, a pilot program in the US that provides 0% interest crowdfunded loans to small business entrepreneurs. With much in common, Fundry has continued to help small businesses in a variety of different ways.
Fundry CEO Isaac Stern said, "I felt it was important to give back to the ecosystem and help small businesses that can't help themselves. Kiva is setting an exceptional benchmark in the non-profit microloan space and Fundry shares in that vision."
Kiva's East Coast Development Manager, Jessica Feingold, wrote in an email, "Kiva is thrilled to receive a grant from Fundry to further our work to make credit more affordable."
The company plans to relocate from New York to New Jersey early this year under the Grow NJ tax initiative, a New Jersey job creation program.
Fundry is the parent company of Yellowstone Capital and Green Capital. Both companies provide working capital to small businesses throughout the U.S. using technology to make faster decisions but retaining the human element to ensure thorough underwriting. Since 2009, Yellowstone Capital has originated more than $1 billion in total financing to small businesses. For more information, please visit: