Send a Tweet
Most Popular Choices
Share on Facebook 23 Share on Twitter 1 Printer Friendly Page More Sharing
Exclusive to OpEd News:
OpEdNews Op Eds   

President Bill Clinton Attends Kiva Crowd Funding Launch With Whistleblower Publisher

By       (Page 1 of 2 pages)   1 comment
Follow Me on Twitter     Message Michael McCray
Become a Fan
  (4 fans)

LITTLE ROCK, AR--Former President Bill Clinton opened the state launch of Kiva Little Rock, the innovative Crowd Funding Platform at the Clinton Presidential Library. The reality is that 6 banks hold over 80% of all banking assets in America. More importantly, 50% of all loans are made from less than 12% of total banking assets. Kiva Zip is an innovative lending platform that combines micro-lending with the Internet Cloud.

Clinton Presidential Library
Clinton Presidential Library
(Image by Justin Renfro)
  Details   DMCA

In his public remarks, Bill Clinton explained Kiva Zip as a new innovation in the area of community development finance. He connected the new lending platform with Chicago's Shore Bank, the first Community Development Bank; to Southern Bank Corporation of Arkadelphia; and the Federal Empowerment Zones Program.

Justin Renfro, Kiva Representative, "It was a pleasure meeting everyone over the last month. I was looking to find 30 borrowers during the 3 and 1/2 weeks I was here in Arkansas. My team laughed at the idea, but soon after landing here I realized it was possible. In the end, we finished with 17 amazing trustees and 34 borrowers with a total loan volume of $236,000."

The fact is since the repeal of Glass-Steagall Act, the law that separated investment banking from commercial banking; Big Banks aren't in the business of making loans anymore. They are really hedge funds with access to the Federal Reserve window, financed by commercial bank deposits. It is the small to mid-sized banks, community banks and credit unions that are making all the loans to small-businesses and entrepreneurs.



Mayor Ronnie Conley, Cotton Plant AR, also endorsed the Kiva Zip program as a economic development strategy. "We have to support individual entrepreneurs and grow small-businesses here in the Delta. We can't afford to wait for large corporations to relocate in our backyard. Kiva Zip is helping us to do just that."

Mayor Earnest Nash, Gould AR, is participating in the Kiva Zip as an individual borrower and as a Trustee. He has convinced the City of Gould to be a Kiva Trustee as signature part of the City's Economic Development Program. "Kiva Zip is important because is combines cloud financing with micro-lending for business loans and entrepreneurs."



I am proud to be included in the first class of Kiva Zip borrowers in Arkansas. This is a historic occasion. My business is American Banner Books, which is an independent small press that specializes in publishes the real-life stories of courageous whistleblowers, told in their own words, written by the whistlebowers themselves. The first book release is "RACE, POWER & POLITICS--Memoirs of an ACORN Whistleblower"-- it's the Inside Story of ACORN.

Charles "Chuck" Davis, Small Business Development Specialist for the SBA, says "The Delta has a wonderful story to tell. I look forward to helping Michael McCray tell it." Please, join the Kiva Zip crowd funding movement and support American Banner Books. ; Cloud Funding with Kip Zip is truly awesome. We just started and I've already received funding commitments from:  


San Francisco, CA

Next Page  1  |  2

(Note: You can view every article as one long page if you sign up as an Advocate Member, or higher).

Must Read 1   News 1   Valuable 1  
Rate It | View Ratings

Michael McCray Social Media Pages: Facebook Page       Twitter Page       Linkedin page url on login Profile not filled in       Instagram page url on login Profile not filled in

Michael McCray is a public interest advocate who combats racism and corruption in the government and other institutions which deprive individuals of their basic civil rights, human rights and constitutional liberties. McCray is co-chair of the (more...)

Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Follow Me on Twitter     Writers Guidelines

Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEd News Newsletter
   (Opens new browser window)

Most Popular Articles by this Author:     (View All Most Popular Articles by this Author)

CBC Chair Marcia Fudge, Senators Ron Wyden, Rand Paul and OpEdNews / Rob Kall honored with the Pillar Human Rights Award

ACORN Whistleblower / Anita Mailroom MonCrief

Shirley Sherrod / Sister Soldier

Blowing the Whistle on Mortgage Fraud

Senator Charles Grassley Opens Whistleblower Summit and Recieves Prestigious "Pillar Human Rights" Award

Georgia House Representative supports Mortgage Fraud whistleblowers all the way to the Georgia Supreme Court.

To View Comments or Join the Conversation:

Tell A Friend