Celebrating national black business month
August was National Black Business Month, a time to recognize and celebrate the rich heritage of Black entrepreneurship in the U.S. With 40% of Black-owned businesses not expected to survive the COVID-19 pandemic, we’re taking a moment to spotlight a few of our partners’ efforts to expand economic empowerment for Black business owners and communities.
Since March, Kiva’s U.S. program has reached more than 180 Black-owned businesses with $1.05M in 0% interest loans. This funding is accelerated by Kiva’s Loan Matching partnerships focused on black-owned businesses and entrepreneurs, including the following two partner spotlights:
- DoorDash is launching new in-app features on DoorDash and Caviar to highlight and support independent Black-owned businesses and Black entrepreneurs.
- Groupon is celebrating National Black Business Month by urging consumers to support businesses in their local communities and partnering with Kiva to raise funds that will help create opportunity for Black merchants across the U.S.
In addition to these loan matching efforts, we’re excited to highlight PayPal, our longstanding partner, and their recent announcement of a $530 million commitment to provide immediate financial relief, sustained support and long-term investment to expand economic opportunity for Black and underrepresented minority businesses and communities. Their commitment includes a grant to Kiva to support our efforts to sustain U.S. Black-owned small businesses.
We’re proud to celebrate National Black Business month and invite you to support Black-owned businesses with Kiva today.
Reach out to firstname.lastname@example.org to accelerate lending to Black entrepreneurs with loan matching or a donation to support our growing U.S. loan program. AND please share Kiva as a 0% interest financing option with Black business owners you know.