RECOVERABLE LOAN FUND
At the Kheprw Institute, building community wealth is harnessing the collective power that resides in under-resourced communities, especially Black communities, to create the opportunities and environment we want to live in. It is tapping into our vision of what it means to live and be in community with each other creating vibrant, resilient, sustainable places where we come together to support each other, raise our families, educate our children, start and run businesses and contribute to the health and well-being of the community as a whole.
APPLY FOR THE KIF RECOVERABLE
LOAN PROGRAM
$5-$15K 12-18 Month 0-1% Interest Loans
STEP 1. Review the KIF Recoverable Loan Program Guidelines.
STEP 2. Attend a Meet & Greet, or view a recording.
STEP 3. Schedule a meeting with a KIF representative via Calendly.
STEP 4. Apply for the The Recoverable Loan Program!
Before the Interview
Things needed to begin the KIF Recoverable Loan Program Process
Financial Records Bookkeeping:
Rather P&L statements, handwritten ledger, bank statements, or a shoe-box full of receipts; getting ready for the application process will require a business financial snap-shot. We typically request at least a year in the past, or date back to the start of your business.
Here are a few examples of the financial records we are looking for:
PNL Examples
Project Charter Example
Use of Funds + 1-2 Year Projections:
In your interview and application process, we need to get a sense how the enterprise will utilize the funds, and produce a return. Upon interview, we ask that entrepreneurs have simple or detailed financial projections detailing the use of funds and return on capital for a one to two year roadmap.
We’ve provided templates below for those entrepreneurs needing assistance in preparing this document:
Start Up Budget Example
12 Month Cash Flow Projection Template
Business Model or Business Plan:
We ask that entrepreneurs present in their interview and with their application; a business plan or pitch. This plan can be presented in multiple ways ( one page lean canvas or multi page pdf). All plans should include an overview of the business, the market served, and the overall community impact of the organization.
Feel free to use the examples below as a guide for your business plan or pitch:
Lean Creative Business Model Canvas Template
Lean Social Business Model Canvas Template
Traditional Lean Business Model Template
Social Impact & Community Focused
The mission of the RLP is to support local economies of color, through supporting socially minded bipoc enterprises. Social Impact is a critical component in the loan approval process at KIF. We break Community Wealth Building into 4 key pillars.
What social impact goals does your organization strive for?
How will you track impact overtime?
Are you a Community Wealth Builder?
Proof of Legal Business Entity:
Prior to scheduling an interview, all entrepreneurs will need to show proof of a legal business entity.
This proof can include previous 1099 tax filings, business class certifications, proof of city or state business entity filings, and /or an active EIN number.
Note: Proof of a valid tax id and business entity filing is required to complete the application process
HELP SUPPORT THE
RECOVERABLE LOAN FUND
SUPPORT LOCAL BIPOC FOUNDERS
Community Wealth Building Portfolio
"The Kheprw Integrated Fund (KIF) is providing financial capital to under-resourced Black & Brown businesses interested in improving the quality and well-being of their communities. Through the economic opportunities, products and services these businesses provide their communities benefit. This is how the KIF is working to build community wealth."
THE KIF MISSION STATEMENT
communities, to create vibrant, equitable, and sustainable locally
controlled economies of shared prosperity.
Launching in Fall 2020 the Kheprw Integrated Fund aims to combat the financial challenges faced by small businesses in communities of color and in disinvested communities. Offering patient capital through loans, investments and donations the integrated fund will work in and with communities of color to create vibrant, resilient, equitable, regenerative economies by investing capital in local businesses that address community challenges; increase opportunities; and share prosperity with its workers to build and expand community wealth.
The Recoverable Loan Program (RLP) is one of several programs within the KIF toolbox of community wealth building programs. The purpose of the RLP is to provide short to medium term socially responsible capital in support of projects, enterprises and initiatives that address the needs of the disenfranchised and disinvested.
community wealth building
What are the fundamental pillars in building community wealth? Join a community of Change Leaders!
CHECK OUT
our pitch!
Want more information on The Kheprw Integrated Fund. Click the link below to see our pitch deck.
need more information?
GOT QUESTIONS?
Click the link below to contact a KIF rep. We look forward to sharing.
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GET INVOLVED & LEARN MORE
Interested in learning more about how to embark on the adventure of building sustainable, inclusive and equitable local economies that restore the productive capacity of communities of color? We’d love to talk with you, share our vision and explore how you can help make the dream a reality.
JOIN ALKHEMY
We cultivate an ecosystem that supports the successful launch and growth of social enterprises to build community wealth, agency, and a vibrant local economy.