A nonprofit has crossed the $1 billion mark of deploying microloans to female entrepreneurs across the world.
, the non-profit which facilitates microloans to underserved communities, has bucked the trend. Today marks the milestone for Kiva having deployed more than $1 billion in microloans to 2.7 million female entrepreneurs across 94 countries.
Kiva’s goal is to create a more connected and inclusive financial system that empowers all individuals to realize their full potential.Access to finance is a huge challenge for female entrepreneurs across the world. Two-thirds of the world’sare women—that makes for one billion women who do not have access to credit or financing options. Kiva provides a platform for individuals and organizations to lend to underserved communities.
Microloans are often the beginning of a longer empowerment journey to support female entrepreneurs, who face many barriers. “Kiva views the role of microloans as a stepping stone toward not only larger loans, but also toward improved financial literacy, business acumen, community links, and reputation—all things that very directly improve the ability of our women borrowers to secure further capital,” says Chow.
A billion dollars may be a small drop in the ocean of funding for entrepreneurs, but it has certainly made a dent and called to attention the unequal access to funding between women and men. To continue the conversation, join Kiva and The PepsiCo Foundation in their #FuelHerFuture campaign, calling on new and existing lenders to build on this progress and continue to catalyze change for women around the world.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Melinda Gates Pledges $1 Billion To Gender EqualityGates identified a strategy for closing the gender gap substantially by 2030, which includes clearing paths to put more women in leadership roles.
Read more »
The issuer of a star cryptocurrency is being sued for $1.4trnTether, the fifth-largest virtual currency, aimed to be a more reliable alternative to Bitcoin
Read more »
Apple hits record high, extends market value above $1 trillionApple reportedly asked suppliers last week to boost production for its new iPhones by as much as 10%, or 8 million units.
Read more »
‘Gemini Man’ Runs Up $1.6M, ‘The Addams Family’ Snaps Near $1.3M: Thursday Box Office PreviewsParamount/Skydance Media’s Ang Lee directed Gemini Man starring Will Smith rang up $1.6M in Thursday night previews that started at 7PM from 3,000 showtimes. Also, MGM/UAR’s animated fe…
Read more »
Feds are combing through 'voluminous' evidence after seizing $1 billion worth of cocaine on a JPMorgan-owned ship this summer | Markets InsiderFederal authorities are combing through 'voluminous' evidence after seizing $1 billion worth of cocaine from a ship owned by JPMorgan this summer. A Penns...
Read more »
I'm 30, Live Off A Joint Income Of $480,000 A Year—& My Net Worth Is $1.5M'I call my Dad. As a first-generation immigrant, he is appalled at the pay cut I would take if I left my job. As my Dad, however, he tells me he supports me no matter what.'
Read more »