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The Turo Seed Initiative gives aspiring entrepreneurs in the US access to an interest-free investment opportunity to build a small car sharing business in the Turo marketplace. Qualified applicants will be presented on the Kiva platform to up to $ 15,000 through this initiative (with up to $ 7,500 Crowdfunding from the Kiva community and a dollar-for-dollar match from Turo up to $ 7,500). Once the crowdfunding is complete, the Turo Seed Host can purchase a vehicle that will be used to share the funds in the Turo Marketplace.
“We are excited to be working with Turo to launch an innovative program that can help bridge the growing gap between racial wealth The United States“Said the head of Kiva US, Rohit Agarwal. “Kiva and its community of lenders are excited to help seed entrepreneurs build and grow their businesses. We are proud to be taking this critical step with Turo toward our mission of financial equality for underserved communities.”
To provide Seed Hosts with predictable operating costs and focus on running their business, Turo and Nissan are partnering to offer Seed Hosts three years of free Maintenance + Plus coverage when they choose to purchase a certified used Nissan or Infiniti vehicle . The extended maintenance package includes all the benefits of a certified Nissan or Infiniti used car plus prepaid oil and filter changes, tire changes and road hazard coverage, so seed hosts can focus more on their business and less on maintenance costs.
To learn more about the initiative and to apply to be a Turo Seed Host, visit www.turo.com/us/en/turo-seed-initiative.
About Turo
Turo is the world’s largest peer-to-peer car sharing marketplace, where car owners can earn extra cash to offset the cost of owning a car, paving their way to financial empowerment.
As a pioneer in the sharing economy and travel industry, Turo is a safe, supportive community of over 14 million residents with more than 400,000 vehicles listed worldwide and over 850 unique makes and models available. Whether you’re sharing your extra car to make ends meet or starting a small car sharing business, hosts can share virtually any car to get their entrepreneurial wheels running.
About Kiva
Kiva is a 501 (c) (3) international non-profit organization dedicated to expanding financial access to help underserved communities thrive. Kiva was founded in San Francisco in 2005 and consists of three primary impact-first business lines: Kiva.org, Kiva Protocol and Kiva Capital Management. Kiva’s crowdfunding platform, Kiva.org, allows individuals to borrow just $ 25 to change someone’s life. The Kiva protocol aims to use distributed ledger (DLT) technology to establish financial identity and credit history for populations without bank details, with its inaugural project currently being implemented in Sierra Leone. Kiva Capital Management is a future subsidiary of Kiva, which will operate as an impact-first asset manager, connecting Kiva’s field partners network with institutional capital and scaling Kiva’s ability to lend to underserved populations around the world .
For more information or to loan out an aspiring entrepreneur, visit kiva.org, and join our community by following Kiva on Facebook at @Kiva, Twitter at @kiva, and Instagram at @ kiva.org. To support Kiva’s ability to facilitate low and zero interest loans, Kiva.org, You can also over. donate www.kiva.org/donate/supportus.
SOURCE Turo
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