PayPal & Kiva | Celebrating Ten Years of Making a Difference
A message from Franz W. Paasche, PayPal Senior Vice President of Corporate Affairs & Communications
As featured on PayPal Stories via PayPal.com
At PayPal, we see the transformative effect that affordable financial services can have on individuals and merchants every day. With over 188 million active customer accounts and 14.5 million active merchant accounts, we’re reimagining money around the world and powering the potential and dreams of families, businesses and communities.
Our commitment to improve the financial health of the underserved derives from the core of our business and is expressed in the products and services we develop, the investments we make, and the collaborations we build. We believe that everyone should have affordable, convenient and secure financial services, and this purpose guides everything we do.
For the past ten years, we’ve had a strong partner that has shared this vision and helps make it a reality for low-income entrepreneurs and students across the globe. Kiva is an international nonprofit organization that has helped to pioneer the microlending movement. Since Kiva’s founding in 2006, more than 2 million borrowers across 82 countries have received $920 million in loans through the Kiva platform. In increments of as little as $25, these loans have been funded by more than 1.5 million people. We power all of the microlending activity on Kiva’s platform – and we ensure that 100% of every dollar loaned goes to fund loans to entrepreneurs around the world.
I encourage you to learn more about Kiva and our unique partnership in the video below. If you are inspired, please join us as we celebrate a decade of shared impact and look ahead to the next ten years and beyond by making a loan between now and October 10th. The first 10,000 people to make a Kiva microloan to an entrepreneur or student will receive a $25 Kiva credit from us to make another Kiva loan and magnify their impact.*
We can all be very proud of our collaboration with Kiva and the global social impact we’ve been able to generate together so far. As we continue to pursue our goal of improving the financial health of individuals and small businesses, Kiva will continue to be a close partner in making our vision for the future a reality, and we hope you’ll join us in this effort. By joining the community of Kiva lenders, we can collectively create a world of change.
Learn more about the partnership between PayPal and Kiva and participate in the campaign here
* Terms and conditions apply. See the campaign page for more information.
