Visa Foundation Helps To Uplift More Than Four Million SMBs
20 Marzo 2024 - 2:00PM
Business Wire
Visa Foundation releases inaugural Impact
Report capturing six years of commitment to financial inclusion,
investing in women-led SMBs
Today, Visa Foundation released its inaugural Impact Report,
capturing six years of grant making and impact investing since its
founding. As Visa’s corporate foundation, Visa Foundation partners
with local organizations to invest in primarily women-owned small-
and micro-businesses (SMBs), creating ripple effects for the
entrepreneurs and their employees, and the customers and
communities they serve. The Impact Report shows the effect Visa
Foundation has had in partnering with grantees and investees that
support over four million SMBs in 60 countries, more than one
million jobs and more than $2 billion of capital invested in local
communities around the world, reinforcing its goal to uplift
everyone, everywhere through the power of economic mobility.
SMBs are the backbone of local economies, promoting innovation,
creating jobs, and fostering upward mobility– but as many as 67% of
SMBs worldwide are fighting for survival and 70% of women-owned
SMBs in emerging markets have unmet financing needs. Visa
Foundation advances financial inclusion by providing SMB owners
with digital and financial education and catalytic financing to
women-owned SMBs, by investing in women-led funds.
“Over the past six years, Visa Foundation has become an enabler
of economic mobility,” said Kelly Mahon Tullier, Visa Foundation
Board Chair. “We are proud of the work we’ve accomplished in
partnership with our dedicated grantees and investees in regions
around the world as we work towards creating an inclusive and
brighter future for all.”
Visa Foundation also advances economic mobility by working to
create sustained impact in the communities where Visa employees
live and work:
- Visa Foundation Gives has launched in eight cities, deploying
more than $2 million in grants to address place-based challenges
like food insecurity, sustainability, and the housing crisis and
homelessness.
- Through Visa Foundation Matches, Visa employees have helped
raise more than $16 million in total donations.
- Visa Foundation’s disaster relief efforts have committed over
$22 million to assist those impacted by the global pandemic,
floods, earthquakes, and wildfires.
To read and download the full Visa Foundation Impact Report,
visit here. To learn more about Visa Foundation,
visit visafoundation.org.
About Visa Foundation
Visa Foundation seeks to support inclusive economies where
individuals, businesses and communities can thrive. Through
grantmaking and investing, the Foundation prioritizes the
resilience and growth of micro and small businesses that benefit
women. The Foundation also supports broader community needs and
disaster response in times of crisis. Visa Foundation is registered
in the U.S. as a 501(c)3 entity. For more information visit:
visafoundation.org
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version on businesswire.com: https://www.businesswire.com/news/home/20240320000857/en/
Margarita Vargas Patron marvarga@visa.com 415-310-1356
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