SAN FRANCISCO--(Business Wire / Korea Newswire)--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

View source version on businesswire.com: https://www.businesswire.com/news/home/20240320000857/en/

Website: http://www.visa.com Contact Visa Inc.
Margarita Vargas Patron
415-310-1356
[email protected]
This news is a press release provided by VISA Inc.. Korea Newswire follows these editorial guidelines. VISA Inc. News ReleasesSubscribeRSS From Ransomware to Pig Butchering, Visa Report Shows Top Scams Impacting Consumers and Businesses Globally Today, Visa released the Spring 2024 Edition of its Biannual Threats Report, which outlines the top payment threats impacting consumers and businesses around the world. The report points to increasingly organized, sophisticated threat actors targeting the most vulnerable point in the pa... 3월 21일 14:25 랜섬웨어부터 돼지도살까지… 비자 보고서에서 전 세계 소비자와 기업에 영향을 미치는 주요 사기 행위 지목 비자(Visa)가 오늘 전 세계 소비자와 기업에 영향을 미치는 주요 결제 위협을 개괄적으로 설명하는 2024년 봄 버전의 반기별 위협 보고서를 공개했다. 이 보고서는 결제 생태계에서 가장 취약한 대상인 인간을 표적으로 삼는 조직화되고 교묘해진 위협 행위자들을 지목한다. 비자의 최고 위험 및 고객 서비스 ... 3월 21일 14:25 ... More  More News Finance Credit Card Social Contribution Overseas VISA Inc. All News Releases 