Prepare for the "Private Fundraising Period"
Once posted, your loan will enter into the “Private fundraising period, or PFP”. This is a 15-day period where you will be asked to recruit the first 5-35 lenders on your loan from within your personal network.
Conventional lenders charge higher interest rates to riskier businesses — such as startups. On Kiva, such riskier businesses may be asked to recruit slightly more lenders during PFP — but still pay no interest!