From the very beginning of my entrepreneurial journey, I have always had a passion for small and local businesses. In my eyes, a more personalized economy creates a better consumer market. I created JD Capital with the aim of helping those who are just starting out, gain access to affordable financing.
Serving the underserved
While we require a decent credit score and a minimum need of $30,000, the reality is that not everyone fits into these narrow criteria. Some people just need a little boost to start, while others have either not built up their personal credit or have some issues on their credit report. In fact, about 20% of consumers report having inaccurate information on their report. This makes the traditional lending option particularly difficult for them.
Social underwriting
While there are many nonprofits and community-based micro lenders out there, we decided to join Kiva because of their unique community-based underwriting standard. Instead of utilizing the traditional FICO score standards, they establish credibility by collecting $25 from a number of family and friends. If proven trustworthy through this process, Kiva will post your funding request to its network of over a million lenders. Their network includes global entities, like the Google Foundation to small lenders – like us. What unites us all is the passion for helping small businesses thrive.
Join our mission
Need funding to start your business? Let us find the right solution for you.
Interested in becoming a lender yourself and make a positive social change? Join our Kiva team, and let’s support our favorite entrepreneurs.
