Philanthropy, microlender boost entrepreneurs

Published



DETROIT (AP) — A philanthropy working to help Michigan rebound from its economic troubles and a microlender are teaming up on a new way to boost Detroit entrepreneurs, officials announced Friday.

Kiva Zip allows people to nominate a local entrepreneur for community support and contribute directly to a crowd-funded, interest-free loan. It also provides new ways for entrepreneurs and potential supporters to interact about their plans, including an online forum.

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