Fifth Third Community Development Corp. is investing an additional $2.5 million in First Independence Bank. The move makes Fifth Third the largest investor in the minority depository institution and community development financial institution.
Arrow Electronics hosted “The Entrepreneur’s Journey” at General Assembly during this year’s Denver Startup Week 2017, offering an inside look at how two successful entrepreneurs overcame the challenges of developing and bringing smart, connected internet of things (IoT) products to market.
EARN announced today at #FinCon17 that SaverLife, EARN’s user-centric savings platform initially launched in San Francisco, is on track to pass a million dollars saved by users. To celebrate this milestone, EARN is launching SaverLife nationwide today. Designed to serve consumers making an average income of $25,000, SaverLife is transforming the way low-to-moderate income Americans can use financial technology to save money. More information is available at SaverLife.org.
Today marks the launch of the Visa Foundation, which has been established as part of Visa’s larger social impact strategy to prioritize the growth of micro and small enterprises around the world, enabling individuals, businesses, and economies to thrive.
At PayPal, we believe every person has the right to participate in today’s global economy. Kiva is an international nonprofit that allows people to lend money to low-income entrepreneurs and students in over 80 countries and is an important partner in this mission. A few weeks ago, we launched our Kiva campaign: “Make A Small Loan, Make a Big Impact,” to our employees and customers around the globe to encourage them to make loans to entrepreneurs.
A rising tide of financial empowerment creates meaningful value for all. At PayPal, we believe in the combined power of technology and compassion to create life-changing opportunities for those who need it most. For more than a decade, we’ve worked hand-in-hand with the nonprofit micro-lending pioneer Kiva, to enable loans to people and entrepreneurs who do not have access to capital or traditional financing. These small, crowd-funded loans not only help build businesses, they create jobs, opportunities and stronger economies. We’ve seen the powerful impact this has on the livelihoods of families, neighborhoods and communities.
Journey with Celina Lima, a fellow with Fair Trade Campaigns, to a coffee cooperative in Guatemala to lean about the true impact and benefits that Fair Trade has brought to their communities and individual lives.
Fair Trade USA is the leading fair trade certifying body in North America, operating globally alongside the European-based Fairtrade International. Colleen Anunu, Fair Trade USA’s Senior Manager of Supply Chain, reflects on some of fair trade’s achievements and challenges, with a focus on the coffee sector. She also explains how Fair Trade USA and Oikocredit are teaming up to reduce price risks for coffee farmers.
Today, Cox Enterprises released the results of the national Cox Conserves Sustainability Survey, which identified that small and medium-sized business (SMBs) owners are cautiously optimistic about sustainability in the United States. The survey, commissioned by Cox Enterprises, is a national study that examines SMB owners’ insights on sustainability.
During annual field visits to our microfinance partners, we often see them searching for better ways to help their clients. Unexpected household shocks can seriously jeopardize the livelihoods of the poorest entrepreneurs and their families. The microfinance sector may be in its infancy in successfully providing access to financial products to buffer the effects of devastating health emergencies, floods, droughts, fires and other disasters, but we have seen innovative approaches from partners all over the world designed to mitigate these unexpected events.
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