Tag Archives: kiva zip

Motor City Soap Raising Funds for First Hire

29 Jan

Caitlyn at Motor City Soap is raising funds through Kiva Zip to help fund her first hire. This is Motor City Soap’s second Kiva Zip campaign. In 2013 the company received a $2,000 loan to purchase carrier and essential oils in bulk to increase soap production. After paying back this loan in full last month, Caitlyn was offered the opportunity to pursue a second loan and continue growing:

Business has more than doubled since my last loan. I sold at Eastern Market’s Sunday Street Market throughout the summer, which increased my exposure to new customers and connected me to other like-minded businesses. I also wrapped up an incredibly successful holiday season last month and look forward to using this momentum as a springboard into 2015.

This second loan for $5,000 will help finance Motor City Soap’s first employee, who will work in production and sales starting this spring. An employee will help double Motor City Soap’s production and increase retail presence at local markets in and around the City of Detroit. Click here to read the full story and lend as little as $5.

Motor City Soap Company Approved for Kiva Zip Fundraising

21 Dec

Last month Motor City Soap Company applied to Kiva Zip as a potential borrower through their micro lending program. I am excited to announce that as of yesterday evening, the application was approved, and my business is now accepting person-to-person loans!

The purpose of this loan is to purchase enough carrier oils (olive, sunflower, coconut and palm) and essential oils to increase my soapmaking production in 2014. I currently produce between two and three batches per month and I plan to double production next year to meet the increasing demand for my soaps. My customer base (customers like you!) grows weekly and I am beginning to seek retail outlets with wholesale opportunities so I will need to build an inventory to sustain these sales.

Click here to learn more about the lending process and consider becoming a lender today!