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Zack

US Chia

Jeffersonville, IN

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Personal Story

I was born in Colorado, lived in Germany for a few years as a kid, and then we moved to Cincinnati, Ohio. I graduated from high school in Northern Kentucky.

Moving around a lot as a kid, I constantly had to make new friends. Some years I was the "cool" new kid, while other years I was the "weird" new kid. It was this constant change that made me feel comfortable with the uncertainty of being an entrepreneur and shaped my people-focused personality.

I moved to Louisville in 2003 for college at the University of Louisville and have been here ever since. Between undergrad and grad school, I was in a band full-time, roaming around the US with a group of other sweaty guys and creating something I loved. I learned that if you pursue something you believe in, you will feel fulfilled and satisfied, even when it's hard to do.

I’m a creative and an entrepreneur and my core competency is relationship building. I hope to one day enable other entrepreneurs to take the risk of doing their own thing, without having to worry about how it will affect their family financially. This is why I love the Kiva platform.

Business Description

US Chia produces and sells American grown chia seeds for human and animal nutrition. It is for people who care about what they eat themselves, what they feed their pets, and where their food comes from.

Our story began in a classroom: four strangers wanting to learn more, to do more, and hoping that one day they might change the world.

Scott Serdoz was a plant scientist by day and business student by night. He teamed up with classmates Jacy Cruz, Keith Starling, and me to move the research he helped with into the marketplace. In 2011, Kentucky Chia was formed.

In 2013, Kentucky Chia began producing its own chia seeds. We knew that the real world would be unpredictable (especially in the agriculture business) and that every mistake would be more costly producing on a large scale. This became even riskier when we found out that we would only have 100 lb. of starter seeds (compared to the 5,000 lb. we expected). Luckily, we partnered with top-notch producers who shared our vision and were equally excited about the opportunity to bring a new crop to the United States. After successful production runs in both Kentucky and Arizona, we officially changed our name to US Chia to reflect the scope of our operations and to emphasize the value and pride we take in producing our products in the United States.

In the next three years, we want to be America’s favorite chia company. The best place to get chia seeds and chia based products. We're on track to hit revenues of $100k in our first year and expect that number to grow exponentially as we increase our production capacity.

US Chia is proud to play a part in the positive reshaping of our food system in the United States.

What is the purpose of this loan?

I'm using this loan to cover the costs of procuring chia seed specific cleaning screens for our summer harvest. We're currently producing 100 acres and a loan from the Kiva community will help clean that crop faster and to a higher quality.

The entire project will cost $5,000. By procuring these specialized screens, we can cut down cleaning time by at least 30% and significantly decrease the amount of foreign materials (other weed seeds, etc) in our end product. This will enable us to promote superior purity and quality levels of our American-grown chia against the competition, which will help us stand out in our sales and marketing efforts.

Zack's loan is endorsed by Velocity Indiana, Inc.. The information below explains why his trustee thinks Zack is a great candidate for a Kiva Zip loan.
How long have you known this person?

1 year - 3 years

Tell us about your relationship with this borrower.

Zack is the CEO of US Chia; one of the 8 companies participating in the Velocity Indiana's 3rd Accelerator cohort. I have also known Zack from the entrepreneurial community since 2011.

Tell us about this borrower's personality and character, and why you are endorsing him or her for a Kiva Zip loan.

Zack is passionate. He has been persistently working on his idea since starting the company in Grad school. He is very resourceful and actively involved in the entrepreneurial community. He not only has the drive for personal success, but also takes the time to help others with their startup journey.

Tell us about this borrower's business, and why you believe a Kiva Zip loan will contribute to his or her success.

US Chia requires capital to build the necessary inventory to aggressively sell into the market. Additional capital will provide more flexibility in the company's "go to market" strategy. It will also enable more engagement with the farms in Kentucky and Arizona that grow the chia seeds on behalf of US Chia.

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PAYING BACK

A loan of $5,000 helps me to increase the quality of our end product, and decrease the time it takes to clean our US-grown chia seeds at harvest.

Disbursed Sep 16, 2014
Repayment Term:
24 monthly payments
Grace Period:
1 month
Listed:
Aug 18, 2014
Disbursed:
Sep 16, 2014
Paying Back:
Sep 17, 2014

About US Chia

Industry:
Agriculture
Years in Operation:
1 year - 3 years
Website:
uschia.com
Follow:
Facebook Twitter Linkedin
Badges:
Badge_connectedness_gold_small

What are Borrower Badges?

Borrower Badges are a system designed to recognize and reward borrowers’ engagement with the Kiva Zip website.

There are two types of badges that are tiered like medals: Gold, Silver and Bronze.

  1. 'Repayment badges' are awarded for the on-time repayment of loans.
  2. 'Connectedness badges' are awarded for engagement with the Kiva Zip website.

This loan is endorsed by

Trustee Type:
Non-Profit
Location:
Jeffersonville, IN
Badges:
None
On Zip Since:
Aug 18, 2014
(2 months)
Loans Endorsed:
1
Total Value:
$5,000
Fundraising/Raised:
0
Paying on Time:
Not enough data
Paying Back Late:
Not enough data
Repaid in Full:
0
Defaulted:
0
Repayment Rate:
Not enough data
Why are you endorsing Zack?

Zack is passionate. He has been persistently working on his idea since starting the company in Grad school. He is very resourceful and actively involved in the entrepreneurial community. He not only has the drive for personal success, but also takes the time to help others with their startup j...

What are Trustee Badges?

Trustee Badges are a system designed to recognize and reward trustees’ engagement with the Kiva Zip website.

There are two types of badges that are tiered like medals: Gold, Silver and Bronze.

  1. 'Repayment badges' are awarded for the on-time repayment of loans.
  2. 'Connectedness badges' are awarded for engagement with the Kiva Zip website.
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