Manulife launches $1 million partnership with lending platform Kiva to help build better futures
Manulife has entered into a $1 million partnership with Kiva to help the global crowdfunding microlending platform support entrepreneurs globally and expand its reach in Southeast Asia.
Manulife will give $500,000 to help Kiva build capacity and reach more borrowers in the Philippines, Vietnam, Cambodia, and Indonesia. The remainder will go directly into funding loans, including through the creation of the Manulife Match Fund, which will double individual contributions made through the Kiva platform to help borrowers meet their goals faster.
The initiative advances Manulife’s Impact Agenda, one of whose pillars is to support inclusive economic opportunity globally. Manulife shares Kiva’s belief that, at the core of every global issue is people trying to build a better future, and that the solution to the world’s most pressing challenges lies in investing in them. Given this, and our growing presence in Asia, the partnership with Kiva makes perfect sense.
“There’s power in collective impact, where individuals from around the world can pool together resources to support entrepreneurs in other parts of the world,” said Tom Crohan, Manulife’s Global Head of Community Investment.