Mascoma Community Development Sponsors NH Kiva Microloan Hub

Mascoma Community Development has sponsored the NH Kiva microloan hub with a $90,000 grant that will assist in the Regional Economic Development Center of Southern New Hampshire’s ongoing technical assistance program for Kiva applicants. Kiva is an international non-profit that aims to expand financial access to underserved communities in the U.S. through zero-interest crowdfunded loans, and REDC became the official Kiva Hub for the state of New Hampshire in late 2021.

Mascoma Community Development (MCD) is a community development entity – established in 2013, as a wholly-owned subsidiary of Mascoma Bank with the primary mission of community development using the New Markets Tax Credit Program. MCD takes great pride in supporting organizations and programs that strengthen the communities they serve. MCD commends the important work of REDC, and all CDFIs, and is pleased to support their efforts with this grant.

Tad Atwell, Chief Operating Officer at Mascoma Community Development stated, “MCD sincerely appreciates REDC’s partnership in our CDFI grant program and is pleased to support REDC’s efforts to expand its Kiva microloan crowdfunding program, which provides crucial small business funding for an underserved population in New Hampshire.”