San Francisco to vote on Resolution to become Kiva Zip Trustee

On September 17, 2013, Supervisor Mark Farrell introduced a Resolution at the Board of Supervisors that aims to create a new public private partnership between the City of San Francisco and Kiva. This relationship will enable the City to act as a Kiva Zip Trustee, allowing it to identify and endorse entrepreneurs and small businesses who could qualify for a loan on Kiva Zip's platform.

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Pictured: Supervisor Mark Farrell - District 2

Mr. Farrell became the first California elected official to act as an individual trustee last month and has since endorsed his first borrower, Patrick. Patrick and his partner Diane own and run the Abundant Market, a gourmet shop in the heart of Pacific Heights that is inspired by Patrick's Parisian upbringing.

Patrick immigrated to San Francisco 20 years ago and dedicated his career in the food and hospitality industry to providing his community with the highest quality food. There are numerous other entrepreneurs just like him that need access to capital to start or grow their businesses. Some can be found here, but Kiva Zip and Mr. Farrell seek to reach many more through this partnership with the City.

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Pictured: Patrick, co-owner and operator of the Abundant Market

The Budget and Finance Committee will vote on the Resolution on Wednesday October 9 at 10:15 AM PST. Kiva Zip invites the local community to join them at City Hall to show their support! Mr. Farrell will introduce the Resolution, and former borrowers and trustees are expected to present on their experience, as well.

As Mr. Farrell expresses, "Our small business community is the backbone of our local economy here in San Francisco, and when they win, we all win and continue to move forward together as a City."

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Posted by Sarah Tait, Kiva Zip Intern

Oct 7, 2013

Sarah was born in Philadelphia, PA, and grew up in its suburbs before moving to New York City, where she studied Finance and Management at NYU's Stern School of Business. During her studies, she spent time abroad in Paris and Hong Kong, played lacrosse, competed on their equestrian team, and led peer health workshops. After graduating, she worked for Bloomberg in New York and then San Francisco in several roles, including Customer Service, Management, and Sales and Account Management. She recently registered to volunteer with Women's Initiative and hopes to use her Kiva Zip internship as the catalyst for her non-profit career.