City announces first-of-its-kind crowdfunding program for female entrepreneurs
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Mayor Bill de Blasio announced on Wednesday that the city has partnered with Kiva.org to launch “WE Fund: Crowd,” described as “a first-of-its-kind city-led crowdfunding program to help women entrepreneurs access affordable capital and start businesses in New York City.” Through Kiva, which is a not-for-profit crowdfunding platform, female entrepreneurs can apply for crowdfunded loans of up to $10,000. The city will contribute the first 10 percent of their goal, up to $1,000.
