Tuesday, May 4, 2010

Kiva has won a $1 million grant from Sam's Club!

We are thrilled to announce that Kiva has won a $1 million grant through the Sam's Club Giving Made Simple campaign. The campaign ran from April 8th to May 2nd with over 125,000 Sam’s Club members and associates placing votes for their favorite charities. For more information on the campaign, please click here.

Sharon Orlopp, SVP People, Sam's Club; Matt Flannery, Co-Founder & CEO, Kiva; Brian Cornell, CEO, Sam's Club

Thank you to everyone who supported Kiva throughout the campaign. We could not have won without your daily votes, outreach to friends, and participation during the Double Points Days on Twitter.

KIVA will use the $1 million grant to enhance and expand the reach of its microloan platform to generate approximately $10 million more in loans from the internet community, helping approximately 25,000 entrepreneurs in the United States and around the world.

“We are truly grateful to Sam’s Club and its members for helping Kiva win this generous grant,” said Premal Shah, president of Kiva. “Kiva’s mission is to help to connect people, through lending, for the sake of alleviating poverty in the developing world – and right here at home. This grant will enable Kiva to continue to provide the opportunity that microfinance presents to hard-working entrepreneurs in our global community.”

On behalf of our community of staff, board members, volunteers, and friends, thank you for showing your support for Kiva. We won this together!