NORTHAMPTON, MA / ACCESSWIRE / March 20, 2024 / Cisco Systems Inc.By Julie RoseThe?Social Impact Partner Spotlight?series highlights various Cisco non-profit organization partners that are helping transform
The?Social Impact Partner Spotlight?series highlights various Cisco non-profit organization partners that are helping transform the lives of individuals and communities. This blog features Cisco's partnership with Astia and Kiva, in honor of the incredible work these organizations are doing to advance investment opportunities to Black, Indigenous, and People of Color-owned businesses in the United States and globally.
Cisco funding and strategic guidance have enabled the development of an underlying technology platform, Astia Connect. Via Connect, 5,000+ experts around the globe connect with 1,000+ companies each year, elegantly eradicating bias from the investment decision-making process by leveraging technical tools and proven processes. Connect enables multistage, community-driven screening and connections.
Kiva is an international nonprofit founded in 2005 with a mission to expand financial access to help underserved communities thrive - providing equitable access to financial products and services to traditionally excluded populations. Black, Indigenous, and People of Color-owned businesses are three times more likely to be turned away by banks than non-minority-owned businesses, .
Today, Kiva U.S. operates in all 50 states, with 40+ Hub partners and 100+ trustee partners. In 2023, Kiva reached 10,000 borrowers, a 49% increase since 2020. And, of the $69M in 0% interest loans funded over the course of the program, 72% has supported Black, Indigenous, and People of Color entrepreneurs and 36% has supported Black entrepreneurs, like Kiki.
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