Daily CSR
Daily CSR

Daily CSR
Daily news about corporate social responsibility, ethics and sustainability

PayPal Meets The ‘$1 Billion Threshold’ In Social Giving


PayPal empowers society for good causes.

Source: flickr.com; (CC BY 2.0)
Source: flickr.com; (CC BY 2.0)
Dailycsr.com – 30 November 2019 – PayPal has been supporting good causes in numerous ways which ranges from allowing non-profits to raise funds with the help of online tools to support business initiatives that push their “customers to do the same”.
Last year alone, PayPal mediated “$9.6 billion” worth fund transaction to over “665,000 charitable organizations” which came from more than two hundred markets. In fact, in the recent ‘Global Impact Report’ of PayPal, it pointed out despite low individual contribution recorded from the U.S., PayPal continues to see a rise in individual giving through smaller amount which drives “more frequent charitable gifts”.
PayPal has also managed to meet the “$1 billion threshold” and one particular reason behind the same is the company’s partnership with Kiva, the latter being a non-profit which provides “micro loans” and operates all over the world. Through this collaboration, PayPal processed “all loans to entrepreneurs for free” as a result hundred percent of the dollars lent goes into funding loans.
In fact, the above mentioned partnership is nearly a decade old, whereby it has processed more then “$1.3+ billion in loans” to over three million entrepreneurs who are based in eighty six different countries across the globe.
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