U.S.-based online lending platform Lendio announced on Wednesday it has donated more than $130,000 to underserved business owners nearly 80 countries through Kiva microloans. According to Lendio, the donations were given through continued efforts to support business growth around the world, the Lendio Gives program has funded more than 5,000 Kiva microloans.
Lendio reported that Lendio Gives allocates more than 90 percent of total funds donated to loans for females or female groups in the developing world. While sharing more details, Brock Blake, CEO and founder of Lendio, stated:
“When the bank says no, micro credit becomes the answer for many of the world’s entrepreneurs. Lendio Gives was created to make a positive global impact. By giving even a small boost to underserved businesses, we empower individuals to take advantage of opportunities. Small loans really do have a big impact.”
Lendio also revealed an infographic about its donations below.