We are excited to announce that we have been upgraded with Kiva Zip from a Tier 2 Trustee to a Tier 3 Trustee! This means that we can now offer loans to up to 20 entrepreneurs at one time. This upgrade was the result of our 100% repayment rate with our portfolio companies. Thank you […]
On April 2nd, we got together to announce our new partnership with Neighborhood Centers and had a joint event to Celebrate Our Entrepreneurs. We heard from four companies who have already been funded with interest-free loans via Kiva Zip and were introduced to four others who are “on the launch pad” and hope to be live […]
Last week, Bayou Microfund was featured in the Houston Chronicle! We met with Alyson Ward, a staff writer there, a few times over the past few weeks and she came to our Fund-a-Thon event for Once Upon a Praline. We, along with Lynn Kelly of Once Upon a Praline and Alex Colby of Lemon-D-Lite were […]
Lynn Kelly and Once Upon a Praline have been fully funded on Kiva Zip! Here’s a note that Lynn shared with her lenders: From the bottom of my heart…I want to say thank you for each and every loan you extended to Once Upon a Praline®, LLC. When my Trustee approached me, I didn’t know […]
On June 26th, we hosted an event at the beautiful Leonel Castillo Community Center to launch Lynn Kelly’s business, Once Upon a Praline, on Kiva Zip. We had a great turnout of around 60 people and we all enjoyed some fantastic food prepared by another Bayou Microfund company, The Savory Experience by Chef Rae. Here […]
We’ve just launched our third campaign on Kiva Zip: Once Upon a Praline! Lynn lives in Missouri City, TX and sold her first box of pralines back in 2012. Since then, she and her team have sold thousands of boxes to people throughout Houston, elsewhere in the US, and even to Australia. Lynn’s company makes […]
Our friend Alex’s business, Lemon-D-Lite was recently featured on the Kiva Zip blog as part of a series where they check in with borrowers to get an update on how things have gone since they’ve received funding. Alex, with the help of his friends and family, has made huge strides with his business and we […]
By Prasad Menon First, a little bit of background. Bayou Microfund is a Kiva Trustee and we recently had our first micro-entrepreneur funded through Kiva Zip. He raised $5,000 in less than 2 months and has already begun paying back his loan. Click here to read more about Alex Colby, his business, and his plans […]
Good news! The IRS has just granted us status as a 501 (c) (3) corporation, meaning we are an official non-profit and are exempt from paying federal income taxes. Contributions to our organization are deductible under section 170 of the code.
We are excited to announce that our second company is now live on Kiva Zip! Click here to support Heather of Sweet Luxuries Boutique Bakery.She is looking to borrow $5,000 that will help her to purchase rental space in a commercial kitchen, ingredients, packaging, and prepare her all-natural baked goods for markets in local coffeehouses and […]