Visa Supports Small Businesses and Women Entrepreneurs Every Day
eSellerCafe | April 15, 2020
Small and micro-businesses are facing an unprecedented challenge in light of COVID-19. In the U.S., nearly two-thirds have temporarily closed or are planning to so in the next two weeks. Around the world, small and micro-businesses account for more than 90% of global businesses and 50-60% of global employment. Supporting these small and micro-businesses to help get our world moving again has never been more critical. Earlier this month, the Visa Foundation announced two programs totaling $210 million to support small businesses and organizations focused on women’s economic advancement and inclusive economic development. The first program of $10 million is designated for charitable organizations on the frontlines responding to the COVID-19 pandemic giving immediate emergency relief in areas such as public health and food distribution in each of the five geographic regions in which Visa operates.