Advanta and Kiva Announce the KivaB4B Project to Empower Small Business Owners to Help Entrepreneurs in Developing Countries.SPRING HOUSE, Pa. -- Advanta Corp. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ADVNB; ADVNA ADVNA Advanta Corporation (stock symbol) ) and Kiva kiva (kē`və), large, underground ceremonial chamber, peculiar to the ancient and modern Pueblo. The modern kiva probably evolved from the slab houses (i.e. have launched the KivaB4B Project (www.kivab4b.org), a joint initiative announced today that encourages small business owners and entrepreneurs in the U.S. to support entrepreneurs in developing countries. Through the initiative, Advanta customers can make grants - using an Advanta business credit card - to Kiva for entrepreneurs of their choice, and Advanta will match each grant, dollar for dollar, up to $200 per month per account. That's double the capital, double the impact. Advanta is one of the nation's largest credit card issuers (through Advanta Bank Corp.) in the small business market, and Kiva is a non-profit organization A non-profit organization (abbreviated "NPO", also "non-profit" or "not-for-profit") is a legally constituted organization whose primary objective is to support or to actively engage in activities of public or private interest without any commercial or monetary profit purposes. that created the first peer-to-peer microfinance platform. "In our years of working with small business owners, we've found that many of them remember the moment someone gave them inspiration, some good advice, or a little cash to get things going," said Ami Kassar, Advanta's Chief Innovation Officer. "Now, through KivaB4B, American small business owners can offer that same ray of hope to entrepreneurs in developing countries." Advanta was started in 1951 with $30 in seed money. Jack Alter, a Philadelphia school teacher, wanted to help fellow teachers get access to capital. Advanta learned early on that an entrepreneur with a little bit of money can change the world. Today, Kiva is providing that access to entrepreneurs around the globe. A typical entrepreneur on Kiva is seeking less than $1,000 for their business. "This project presents an incredible opportunity for entrepreneurs in the developing world," said Premal Shah Shah is a Persian term for a monarch (ruler) that has been adopted in many other languages. This term is a Post Islamic Revolution term for monarchs in Iran which is replaced by valie faghih or Supreme Leader. , President of Kiva. "Advanta's commitment to use its own matching funds Noun 1. matching funds - funds that will be supplied in an amount matching the funds available from other sources cash in hand, finances, funds, monetary resource, pecuniary resource - assets in the form of money to encourage small business owners in this country to support entrepreneurs in the developing world is a great example of corporate innovation and social responsibility." Advanta customer Karil Daniels is a filmmaker in San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden who owns her own business and has been providing grants to women-owned businesses in developing countries. According to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Daniels, "A handout lasts for a moment, while a hand up lasts for a lifetime. I have seen poverty in the developing world first hand, and as a small business woman I am grateful for the opportunity to assist my fellow entrepreneurs through the KivaB4B program." For detailed information on how KivaB4B works, please visit www.kivab4b.org. Certain terms, conditions and limitations apply to participate in the KivaB4B Project. Please visit www.kivab4b.org for details. About Advanta Advanta is one of the nation's largest credit card issuers (through Advanta Bank Corp.) in the small business market today. Advanta's exclusive focus on this market, as well as its size, experience and commitment to developing meaningful product offerings and a high level of service tailored to the needs of small businesses, differentiate the company from other issuers. Founded in 1951, Advanta has long been an innovator in developing and introducing many of the marketing techniques that are common in the financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. industry today. Learn more about Advanta at www.advanta.com. About Kiva Kiva.org (www.kiva.org) is the world's first person-to-person micro-lending website, empowering individuals to lend directly to an entrepreneur in the developing world. Founded in 2005 by Matt and Jessica Flannery, Kiva.org's mission is to connect people, through lending, to alleviate Alleviate To make something easier to be endured. Mentioned in: Kinesiology, Applied poverty. Kiva.org currently connects lenders in more than 50 countries with entrepreneurs in 39 developing countries, through 62 microfinance partners. Kiva.org is headquartered in San Francisco. |
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