Expanding Microloan Opportunities for U.S. Small Businesses

Yesterday, Kiva, an organization focused on alleviating poverty through microfinance, announced that it is now partnering with Visa to reach more people in more areas of the country. Visa is giving Kiva $1 million to “expand opportunities for U.S. small businesses to benefit from the power of microloans.”

Also expanding Kiva’s reach, ACCIÓN Texas-Louisiana, the largest microfinance institution in the country, has signed on as a new Kiva Field Partner. With this partnership, “Kiva lenders, for the first time, will be able to lend to entrepreneurs who have been affected by several disasters in the region over the past five years.”

To check out some of the recipients of the first loans from ACCION Texas-Louisiana or to read more about the Kiva-Visa partnership, check out Kiva’s website.

Photo Credit: Roger Smith via flickr under a CC license