We're thrilled to announce that starting today Capital One is matching $500,000 in loans made to Kiva and Kiva Zip borrowers in the U.S.!
Here at Kiva, we're all about empowering small businesses. In fact, according to the U.S. Small Business Administration, these companies have created 2 out of every 3 new jobs in the country over the past 17 years. Now that's recovery!
Most of the U.S. borrowers on Kiva and Kiva Zip qualify as small business owners -- people who work long, hard hours to turn their ideas into reality. But no matter how hard they work, many of them have struggled to find reasonable, affordable financing to grow. Capital One and Kiva want to change this picture by making sure inspired people with strong business plans have access to the capital they need.
Kiva borrowers Angelica and Ronan received a $10,000 loan to expand their construction business. Based in New Orleans, they're providing housing and job opportunities to people affected by Hurricaine Katrina.
With Capital One matching loans, lenders can double their impact and fund these borrowers twice as fast -- helping entrepreneurs across the country get a good, sustainable start. When you lend just $25, the borrower you support receives $50.
Capital One is also fostering new projects and innovations at Kiva by matching U.S. loans on Kiva Zip -- our pilot project designed to reach new types of borrowers across the U.S. and Kenya.
We hope you'll seize this opportunity. Visit Kiva or Kiva Zip to find a borrower in the U.S. and maximize your support for small businesses today!
Have questions about the Capital One matching program? Send them our way at blog@kiva.org.
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