Peer-to-peer charities

Hitachi to Provide $1 Million in Loans through Kiva to Businesses in Need around the Globe, Affected by the Spread of the COVID-19

Monday, May 18, 2020 - 5:24am

As repayments from these loans return to Hitachi's account, they will fund new loans over a 4-year period, after which the balance will be a donation to Kiva.

Key Points: 
  • As repayments from these loans return to Hitachi's account, they will fund new loans over a 4-year period, after which the balance will be a donation to Kiva.
  • Kiva facilitates loans to borrowers through their online crowdfunding platform, and to date 1.9 million people have funded over USD 1.44 billion in loans to 3.6 million borrowers in 77 countries.
  • Specifically, Hitachi Group employees will have an opportunity to choose business owners affected by COVID-19, and make a loan of USD 25 from the Hitachi fund.
  • Join Hitachi's social media community and help small business owners around the world affected by the pandemic through KIVA.

NYC COVID-19 Response & Impact Fund Issues $44 Million In Grants And Loans To New York City-Based Social Services And Arts Nonprofits

Thursday, April 16, 2020 - 2:00pm

The NYC COVID-19 Response & Impact Fund was launched on March 20 with18lead funders that contributed a total of $75 million.

Key Points: 
  • The NYC COVID-19 Response & Impact Fund was launched on March 20 with18lead funders that contributed a total of $75 million.
  • The Trust is overseeing the grants and Nonprofit Finance Fund (NFF) is administering the NYC COVID-19 Response & Impact Fundinterest-free loans, as well as providing additional resources to organizations receiving loans through this initiative.
  • $26,180,000 is going tohuman services organizations and $17,909,530 to arts and cultural organizations, inclusive of $10.3 million in approved loans to be closed shortly.
  • The city's local nonprofits are uniquely positioned to help but need the funding and assistance that the Response & Impact Fund can provide."

CNFinance to Report Fourth Quarter and Fiscal Year 2019 Financial Results on Monday, March 16, 2020

Monday, March 9, 2020 - 8:56am

CNFinance Holdings Limited (NYSE: CNF) ("CNFinance" or the "Company) is a leading home equity loan service provider in China.

Key Points: 
  • CNFinance Holdings Limited (NYSE: CNF) ("CNFinance" or the "Company) is a leading home equity loan service provider in China.
  • CNFinance facilitates loans by connecting micro- and small-enterprise ("MSE") owners with its funding partners.
  • The Company's primary target borrower segment is MSE owners who own real properties in Tier 1 and Tier 2 cities in China.
  • The loans CNFinance facilitates are primarily funded through a trust lending model with its trust company partners who are well-established with sufficient funding sources and have licenses to engage in lending business nationwide.

Lendio Closes $55M Series E Funding Round Led by Mercato Partners

Thursday, February 27, 2020 - 2:00pm

The funding enablesLendio to increase the scope and precision of its loan marketplace while expanding newbookkeeping and lender services functions.

Key Points: 
  • The funding enablesLendio to increase the scope and precision of its loan marketplace while expanding newbookkeeping and lender services functions.
  • Lendio uniquely solves the problem of inefficient capital for small businesses by bridging lenders and borrowers.
  • They are able to connect both sides and facilitate loans faster and more effectively between small business owners and lending institutions.
  • For more information about Mercato Partners, the Traverse Funds and the portfolio companies, visit www.mercatopartners.com .

Introducing Connect2Capital: A New Community of Mission-Driven Small Business Lenders

Tuesday, February 11, 2020 - 2:00pm

More than a marketplace, Connect2Capital is a collaborative online lending network that links mission-driven business lenders to small business owners seeking responsible capital.

Key Points: 
  • More than a marketplace, Connect2Capital is a collaborative online lending network that links mission-driven business lenders to small business owners seeking responsible capital.
  • Entrepreneurship is a gateway for economic growth, and small business loans are the backbone of business growth and community investment.
  • Connect2Capital is a community of mission-driven small business lenders powered by Community Reinvestment Fund, USA (CRF).
  • For the first time, mission-driven lenders and traditional lenders collaborate within a single, online network to help small business owners succeedwith responsible small business loans.

CNFinance to Report Third Quarter 2019 Financial Results on Wednesday, November 20, 2019

Tuesday, November 12, 2019 - 12:00pm

CNFinance Holdings Limited (NYSE: CNF) ("CNFinance" or the "Company) is a leading home equity loan service provider in China.

Key Points: 
  • CNFinance Holdings Limited (NYSE: CNF) ("CNFinance" or the "Company) is a leading home equity loan service provider in China.
  • CNFinance facilitates loans by connecting micro- and small-enterprise ("MSE") owners with its funding partners.
  • The Company's primary target borrower segment is MSE owners who own real properties in Tier 1 and Tier 2 cities in China.
  • The loans CNFinance facilitates are primarily funded through a trust lending model with its trust company partners who are well-established with sufficient funding sources and have licenses to engage in lending business nationwide.

Lendio Contributes Over 10,000 Kiva Loans to Fuel Women-Owned Businesses Worldwide

Wednesday, October 16, 2019 - 12:55pm

For every new loan facilitated on Lendio's marketplace platform, Lendio provides a microloan to a low-income entrepreneur through Kiva.

Key Points: 
  • For every new loan facilitated on Lendio's marketplace platform, Lendio provides a microloan to a low-income entrepreneur through Kiva.
  • Kiva recently announced it has dispersed over $1B in microloans to millions of female entrepreneurs worldwide who don't have adequate access to capital.
  • While not all of Lendio Gives loans go to women-owned businesses, about 95% do.
  • When loans are repaid, Lendio Gives reinvests them into reloans to further the positive global impact of these contributions.

Auth0 Powers Authentication for Kiva’s Global Crowdfunding Platform for Social Good

Tuesday, August 27, 2019 - 2:00pm

Auth0s platform will provide secure web authentication for Kivas growing global community of nearly two million lenders across more than 190 countries.

Key Points: 
  • Auth0s platform will provide secure web authentication for Kivas growing global community of nearly two million lenders across more than 190 countries.
  • Kiva is the worlds first and largest crowdfunding platform for social good, and has crowdfunded more than $1.3 billion in microloans to more than three million entrepreneurs worldwide since its founding in 2005.
  • In response to its rapid growth, Kiva decided to transform its authentication platform to better serve its global audience of lenders who process a high number of transactions on a daily basis.
  • Kiva is a perfect example of how technology can have a very substantial impact on the overall outcome of social good, said Eugenio Pace, CEO and co-founder at Auth0.

CNFinance to Report Second Quarter and First Half 2019 Financial Results on August 20, 2019

Tuesday, August 13, 2019 - 10:30am

CNFinance Holdings Limited (NYSE: CNF) ("CNFinance" or the "Company) is a leading home equity loan service provider in China.

Key Points: 
  • CNFinance Holdings Limited (NYSE: CNF) ("CNFinance" or the "Company) is a leading home equity loan service provider in China.
  • CNFinance facilitates loans by connecting micro- and small-enterprise ("MSE") owners with its funding partners.
  • The Company's primary target borrower segment is MSE owners who own real properties in Tier 1 and Tier 2 cities in China.
  • The loans CNFinance facilitates are primarily funded through a trust lending model with its trust company partners who are well-established with sufficient funding sources and have licenses to engage in lending business nationwide.

Kiva to Scale Lending to Refugees with the Launch of the Kiva Refugee Investment Fund

Thursday, June 20, 2019 - 1:00pm

Kiva, an impact-first organization promoting greater financial inclusion worldwide, today announced that it will be launching the Kiva Refugee Investment Fund (KRIF) to accelerate and scale its lending to refugees, forcibly displaced persons and impacted host communities.

Key Points: 
  • Kiva, an impact-first organization promoting greater financial inclusion worldwide, today announced that it will be launching the Kiva Refugee Investment Fund (KRIF) to accelerate and scale its lending to refugees, forcibly displaced persons and impacted host communities.
  • For refugees, this means going beyond immediate humanitarian aid and providing longer-term solutions for both refugees and their host communities.
  • Were deeply excited to be announcing the launch of the Kiva Refugee Investment Fund on World Refugee Day to accelerate and scale our lending to refugees, helping them build sustainable futures and become meaningful contributors to their host economies, and to society as a whole.
  • Kiva Capital is expected to launch later this year as a subsidiary of Kiva, and limited to qualified investors.