Kiva Makes Twice the Impact

Entrepreneur:

Last year, we told you about the microlending site, Kiva.org.

Now, the site–which helps developing-world entrepreneurs achieve their business dreams–has partnered up with Advanta to up the ante. It’s called KivaB4B, and through it, customers can make small loans to Kiva entrepreneurs using Advanta business credit cards. Once a grant has been issued by an Advanta small-business customer, Advanta will match each grant dollar for dollar, capping at $200 per month, per account.

Advanta currently has 1.3 million billion small-business customers. The program estimates that if only 1 percent of those customers made a one-time grant for $50 through Kiva, developing-world entrepreneurs would receive $1.3 million.

Photo by Kiva.org.

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