Cisco has partnered with Kiva on multiple initiatives, as part of our efforts to support entrepreneurs to start small businesses, and bank the unbanked. We have provided cash grant investments for early stage Kiva concepts which now are operating at scale, as well as donations of Cisco technology which Kiva uses to run their operations. Last year, Kiva facilitated support to nearly 1,000 small business owners across the U.S.
We know that the most vulnerable populations are disproportionately affected by the economic impacts of global crises, and continue to be impacted after a crisis is over. Those who are unemployed or underemployed. Small business owners. Women. The poor. People who are un/underbanked. At Cisco, we bring to bear all our available resources – our funding, our technology, and our expertise – to support nonprofit organizations that have technology-based solutions to connect the unconnected and help people become economically self-sufficient.
In 2016, Cisco committed to positively impact one billion lives by 2025. We will achieve this goal through our social impact grants to nonprofits and our signature corporate social responsibility (CSR) programs, like Cisco Networking Academy. Four years into our commitment, we are 47 percent of the way toward our goal (469 million lives impacted).
What if San Francisco was suddenly empty? Or New York City? Or both? Imagine over 9 million people fleeing their homes, families and friends, schools, and jobs—leaving two of the United States’ most populous cities nearly empty. Our world would look different—we would notice and want to know what’s going on. We would want to help.
For the 2nd year, PayPal is designating the month of May as PayPal Small Business Month, taking the full month to celebrate, empower and educate entrepreneurs across the country. Making financial services accessible to all is a key part of PayPal’s mission as a company and a central part of achieving that goal is helping the underserved. PayPal Small Business Month brings this mission to life by engaging with underserved entrepreneurs.
Imagine turning a $25 loan into more than $21 million, impacting more than 1 million people globally, in just five years. No, this isn’t the latest Shark Tank pitch. It is the outcome of Hewlett Packard Company’s Matter to a Million employee-engagement program.
Company completes the second year of its five-year partnership between the eBay Foundation and Kiva
The eBay Foundation provides every eBay employee with an annual $25 Kiva loan credit to create economic opportunity for small and micro entrepreneurs around the world. Since 2017, over 23,000 Kiva entrepreneurs have benefitted from more than $600,000 in loans made by eBay employees.
With an average of five people per household in developing countries, where many of these loans are made, the number of family members indirectly impacted to date through this program is over 92,000.
Small businesses play a critical role in the global economy. Entrepreneurs create jobs and foster healthy local economies, which leads to a more vibrant national economy. They contribute to local causes, have relationships with their neighbors and are the foundation of the community. We also recognize that not all small businesses have the same issues or dynamics. Some work 9-to-5 while others operate outside traditional business hours.