Kiva update: Matching program doubles loans
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Longtime Springwise readers may remember Kiva, the venture we wrote about back in 2006 that facilitates charitable microloans to entrepreneurs in the developing world. Now the organization has found a way to make loans go even further through a partnership with credit card issuer Advanta. Earlier this month Advanta and Kiva announced the KivaB4B Project, an initiative through which Advanta will match the loans made by holders of its business credit card with up to USD 200 per month per card. Card holders simply select a business owner to sponsor through Kiva and make a grant using their Advanta BusinessCard.…
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