The lender revealed how it works: Users invest in an entrepreneur or small business to fulfill an order of their products, and in return they receive a Malena gift card of equal value, to use in the Malena Marketplace, for that entrepreneur’s goods, or any others in the marketplace, anytime they like.
Flynn Coleman, founder and CEO of Malena, commented:
“We believe Kiva Zip is the perfect partner for us. They help many small businesses get their start and tell their stories, and this new order platform we created is a way to help grow their businesses and access new marketplaces, that will help us continue on our mutual journey to support the voices, futures, and dignity of these entrepreneurs, while having a hugely positive social impact on communities.”
Spencer Larkin, U.S. Lead of Kiva Zip added:
“This novel order funding technology is a great way for us to continue to work with Kiva Zip funded businesses and to help them access new markets for their products. It also offers our many loyal Kiva Lenders an inventive way to continue to support these businesses as conscious shoppers of Malena’s beautiful goods.”