The California Association of Micro Enterprise Organizations (CAMEO) is partnering with microlending pioneer Kiva to bring more crowdfunded microloans to small businesses in California.
CAMEO is already the largest microlending network in California. CAMEO network members provide entrepreneurs with small and micro-business financing as well as technical and advisory assistance and business management training.
As part of this new partnership, CAMEO network members will identify potential partners, provide them with business advisory services and post their profiles to Kiva. Visitors to Kiva can then choose among the posted small business and lend as little as $25 to crowdfund the loan.
Combining CAMEO's network with Kiva's powerful microlending platform will create new financing options for California's small and micro businesses.
For more on this partnership, see this article in the San Jose Mercury News.
For more on small business crowdfunding, see our recent article The Rise of Small Business Crowdfunding.