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Approved to post Kiva loans from: United States, Tanzania, Zambia, Uganda, Kenya, Nigeria
Fledge is a U.S.-based, for-profit social enterprise, operating a business accelerator focused on socially and environmentally conscious startups, worldwide.
This takes the form of an intense, 10-week program, inviting 5-8 early-stage companies per session to their co-working space within Impact Hub Seattle. During these 10 weeks, the “fledglings” are taught the best practices of entrepreneurship, meet with dozens of experienced mentors, work together to solve common issues, and present their stories in front of an audience of hundreds.
Like many other business accelerators, Fledge pays its participants, US$15,000 per company. Unlike other accelerators, this investment is structured as a unique, revenue-based equity investment.
A unique lending approach:
Funding on Kiva will help Fledge fulfill its mission by helping their graduates push through the pioneer gap – the point at which companies have proven a demand for their product or service, but lack the funding required to reach enough customers or investors.
Most of the loans will fall within the $5,000 to $20,000 range - enough to help entrepreneurs reach sufficient scale to attract other investors. On a case-by-case basis, Fledge will determine the size of the loans by balancing the capital needs of the borrowers with their ability to repay the loans.