"I believe in magic"

- Kim, Mossum LLC

I believe in magic, numbers that is.

It took all of two weeks to get fully funded by 37 donors. The 14th day became the first day of the rest of my life as an entrepreneur. Thanks to people who know and trust my character, my business plan, and who in 10 days allowed my campaign to go live. Four days later, the best news arrived in my inbox. My Kiva loan had been fully funded.

The race to the finish started the night before (a Wednesday), when I got notifications that 2 donors loaned. I didn’t open the emails. I was going to stay positive. On Thursday morning I had 5. Starting to feel encouraged, I still did not check. I went to yoga at 12 o’clock, and when I came out at 1, I saw a message from Kiva – I had been fully funded!

The most amazing thing was that morning I was 77% funded. 16 loan donations later, and in the span of about 5 hours, I had received the $575.00 needed to fully fund the $2500.00 I needed. Feelings of gratitude, validation, surety, and favour all washed over me. I let out a ‘woo,’ and fist pumped with a big smile right in the parking lot. I went home, posted a note to my lenders through my page, and thanked my private lenders for their gracious support.

Again, my biggest and greatest thanks to my lenders for liking my campaign, my business and product idea. I will not let you down.

This loan will allow me to get the final administrative and product items I need to put a nicely packaged test sample of MOSSUM Raw Chopped Sea Moss.

I only wish I had gone through with my application when I heard about Kiva at a Small Business Start-up workshop two months earlier. Sitting at home and feeling that I had to do something, I sent in my application. With the tremendous support I’ve received in the short time, I know, IT’S MOSSUM TIME.

Kiva is that light in the dark for small business owners like me at the start of the journey and for owners who need an extra boost to build momentum and aid growth to their business.

As a first time borrower I’d like to share some insight with readers based on my experience:

  1. Be excited about the application process. Write compellingly about yourself, your business, your product or service. Even your private donors may learn something new that makes them donate more than the minimum.

  2. If possible, request the maximum-minimum that you can operate with. It gets tense while you wait, hope, and pray that your network and good strangers make loans. In the end, having some workable capital is better than none if the campaign period ends and you get nothing.

  3. Be sincere. Share your gratitude and appreciation during the crowdfunding process with lenders. After all most of your contributions will come from people you don’t know.

  4. Be ready for the result. If you don’t get funded, review your request and try again. If you get it, do a grateful jig and get to work. Make sure this capital will generate revenue.

  5. Exercise good faith. When you do get funded, repay your loan no matter what. You’re only as good as your word – in this case your application. It will matter if and when you need another capital boost for your business.

I am very pleased that I took a chance on myself. I am thankful that Kiva gave my business a spot on its platform. I am overjoyed at the new fans and friends who found my campaign and supported it.

I’ve learned that every option should be explored and exploited. The one that’s right for you will show itself. Thank you Kiva for being the one for me.


Kiva U.S. Stories is a space to share and enjoy the moving, the funny, the inspiring, stories that come from every corner of the Kiva U.S. community.

Share your story here


About the author

Kathinka K. Nakstad

Kathinka moved to San Francisco to pursue her BBA degree, with a major in marketing. Being form Norway, she time to time misses the different seasons (especially winters with snow). One of her hobbies consists of finding a part of a city and explore it for a whole day. Checking out cool boutiques, and the best places to eat. Two of her favorite places to visit are Budapest and Vienna. No wonder her dream job would be to travel the world and write about the places she visits.