Visa gives US small businesses an opportunity to benefit from microloans

 Visa Inc. has announced about its partnership with Kiva.org, the world's first personal micro-lending website, owing to which the U.S. small businesses can access and benefit from microloans. Supported by a $1 million contribution from Visa, the partnership expands the reach of Kiva's pioneering microlending model within the United States to further empower small businesses and support job creation. The announcement coincides with a major Kiva expansion in the Gulf Coast through the addition of ACCION Texas-Louisiana, the largest microfinance institution in the country, to the Kiva Field Partners network.  

"Small business growth is crucial to stimulating job creation in the U.S. and small loans make a big difference." said Premal Shah, President of Kiva.org. "We see this partnership with Visa as a meaningful opportunity to empower small business owners and help revive the U.S. economy, starting with a region in urgent need."

"This partnership advances a shared mission of both Visa and Kiva: helping small businesses grow and ultimately create jobs," said William Sheedy, Group Executive, Americas for Visa Inc. "For many small business owners, a microloan can have an immediate impact and be a critical catalyst for their long-term success." 

Source: Visa Inc.