Kiva.org has been cited several times in Trend Hunter because the microfinance site is just so awesome! The latest from Kiva is that they partnered with Advanta Bank, one of the largest issuers of credit cards to US small business owners and entrepreneurs.
In addition to looking great, when lenders use the card to make a Kiva grant, Advanta doubles the grant, up to $200/month. Although it is a business credit card, you don't actually need to own a business to apply.
What Makes This Trend Stand Out
- Microlending
- Disruptive innovation opportunity: Developing new ways to facilitate microlending to small business owners and entrepreneurs.
- Credit Cards
- Disruptive innovation opportunity: Creating credit card offerings that incentivize social impact, such as doubling grants for charitable causes.
- Partnerships
- Disruptive innovation opportunity: Collaborating with financial institutions to create partnerships that drive social impact and financial inclusion.
Sectors Adopting This
- Microfinance
- Disruptive innovation opportunity: Exploring innovative ways to provide microfinance services to underserved individuals and communities.
- Financial Technology
- Disruptive innovation opportunity: Developing fintech solutions that leverage credit cards to increase access to financial services for small businesses and entrepreneurs.
- Social Impact
- Disruptive innovation opportunity: Building business models that prioritize social impact by partnering with credit card issuers to enhance philanthropic efforts.
