Web Hosting giant GoDaddy and San Francisco-based Kiva.org have joined hands to promote funding of low-income entrepreneurs.
Godaddy plans to give each of its employees $25 to invest in the Kiva small business of his or her choice under a campaign called “Get the Picture”. Tyler Butler, GoDaddy Director of Community Outreach, says: “GoDaddy’s mission is to radically shift the global economy towards small business and GoDaddy employees do this every day.”
Premal Shah, President of Kiva, is confident that the move makes sense. “GoDaddy and Kiva partnering together makes good sense. GoDaddy helps small businesses around the world create a digital presence, so it is now easy for GoDaddy employees to personally help small businesses with other unique needs for their business.”
GoDaddy is a domain registration and website hosting company with more than 59 million domain names besides offering email hosting with several companies and it has acquired Mad Mimi, Canary and Elto recently.
Kiva.org is an online microfinance organization that specializes in putting small investors in touch with under-served or low income businesses through a crowd-funding platform. The organization lists those in need, telling their stories and posting a picture. Prospective lenders can then pick who they’d like to support.
GoDaddy was founded by Bob Parsons, who had retired after selling ‘Parsons Technologies’ to Intuit, in 1997 initially as Jomax Technologies which eventually became GoDaddy.com.
Kiva.org is a microfunding platform to easing poverty by connecting potential len
ders with individuals and small businesses that wouldn’t otherwise get loans. Lenders can give $25 to a business or person.
Founders Matt Flannery and Jessica Jackley were inspired to start Kiva in 2005 after they attended a lecture by Grameen Bank’s Muhammad Yunus at Stanford Business School on microfinance.