What to know about this Lending Partner
Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner.
Partner description:
The Impact Hub Global Network is the leading network of entrepreneurial communities and co-working spaces committed to generating positive impact across the globe. Impact Hub Global has Impact Hub partners in local communities in more than 80 cities.
Impact Hubs are co-working spaces that bring together entrepreneurs, activists, creatives, and other professionals driving positive social and environmental change in the world. In addition, Hubs strive to be a source of inspiration, providing meaningful content through thought-provoking events, innovation labs, learning spaces, incubation programs, and facilitated conversations. Each Impact Hub is an innovation lab, a business Incubator and a social enterprise community center.
A unique lending approach:
With Kiva financing, Impact Hub Association facilitates loans to entrepreneurial teams managing local Impact Hubs across Africa. The loans are used to finance the creation of partner Impact Hubs and the expansion and improvement of existing Impact Hubs. The loans are used for both capital expenditures including reform of spaces, furniture, equipment, etc., as well as start up operational expenditures including salaries, utilities, etc. during first months of operations.