are charged 0% interest and can have up to three years to pay back the loans. Kiva Oklahoma City is now part of Progress OKC’s own business accelerator, Generation Impact. Borrowers participate in a 10-week program where they develop and refine a business concept, eventually leading to a concrete business plan. It also provides borrowers opportunities to develop relationships, which is a crucial element of Kiva, said Progress OKC Executive Director Kimberly Statum Francisco. “So often what we hear from folks is just the need for additional capital. And sometimes some of the businesses that we’re working with aren’t able to go to a traditional bank or traditional lender for a variety of reasons. So, Kiva provides another access, another opportunity for folks to access capital just to keep that dream alive,” she said, noting they had just gone through their third Generation Impact cohort. Kiva Oklahoma City has impacted 32 businesses this year, extending to them nearly $250,000 in matching funds.
She created BaB, a digital shopping bag that lets you put all your items from different stores in one online cart. You can see the store, price and item thumbnail in your “bab,” and even share your lists with others. KIVA OKLAHOMA CITY Kiva Oklahoma City provides small businesses with micro-loans ranging from $1 to $15,000. Progress OKC launched the program in 2021 with initial support from the Chamber, Oklahoma City Economic Trust Development and Inasmuch Foundation. The small business owners are required to raise half of the requested funds through crowdfunding. Borrowers
Congratulations to Chamber members on their recent Grand Openings! To see the schedule of upcoming Grand Openings or subscribe to the Grand Openings calendar, visit okcchamber.com/grandopenings. GRAND OPENINGS
Country Road Recovery Center 24962 Okay Road Tecumseh, OK 74873 Fun Town RV 7601 S. Shields Blvd. Oklahoma City, OK 73149
The Secrets LGBTQ 2807 NW 36th St. Oklahoma City, OK 73122
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