0% Loans from Peer-to-Peer Platforms

These are online platforms where borrows and lenders can go to find each other and make loans.

  • Also called "peer-to-peer"
  • Still a loan - your friends, family, and fans will need to be paid back!
  • Often good for entrepreneurs that...

- Have poor credit
- Don't have much cash
- Need small loans ($1000 - $10,000 usually)
- Have friends, family, and fans that will loan them some money

The Community Organizations and Institutions listed below were updated in January 2018. Always confirm loan details with the providers. 


KIVA
KIVA.org/borrow
875 Howard Street, Suite 340, San Francisco [map]

Serves the United States

  • People of color
  • No or damaged credit
  • Early stage businesses

Loan sizes
Up to $10,000 first loan

Requirements

  • Over 18 years old
  • Earn under $100,000 annually
  • Not in bankruptcy or foreclosure
  • Recruit lenders from your own network

Features

  • This source offers 0% interest loans.
  • This source will lend to or invest in startups with less than one full year of operations.
  • This source provides finances for nonprofits.
  • This source determines creditworthiness with alternative criteria, not just credit scores.
  • This source offers financing support for Spanish speakers.

Good Certifications
Social Mission


Mission Asset Fund (MAF)
888-274-4808
MissionAssetFund.org
3269 Mission Street, San Francisco [map]

Lending Circles (each participant puts in a small amount of money each month and takes turns getting a loan from the pooled fun).

  • Business owners interested in building credit and/or accessing loans for their business

Loan sizes
$500 - $2000

Requirements

  • A checking account
  • SSN or ITIN
  • Photo ID
  • Proof of income

Features

  • This source offers 0% interest loans.
  • This source will lend to or invest in startups with less than one full year of operations.
  • This source determines creditworthiness with alternative criteria, not just credit scores.
  • This source offers financing support for Spanish speakers.

Good Certifications
Nonprofit, NCLR Affiliate, CFED | Ashoka, Smart Money Network, SFEDA, Spark Point Affiliate, AC CAN


The SF LGBT Center
415-865-5553
SFCenter.org
1800 Market Street, San Francisco [map]

Lending Circles (each participant puts in a small amount of money each month and takes turns getting a loan from the pooled fun).

  • Business owners interested in building credit

Loan sizes
$600, determined by the circle

Requirements

  • A checking account
  • SSN or ITIN
  • Photo ID
  • Proof of income

Features

  • This source offers 0% interest loans.
  • This source determines creditworthiness with alternative criteria, not just credit scores.

Good Certifications:
Nonprofit, SFEDA, Powered by MAF