ImpactAlpha, Apr. 7 – Visa Foundation has committed $210 million for COVID relief.
A $10 million initiative will offer immediate emergency relief to charities delivering health services and food on the frontlines of the global crisis. Over five years, Visa Foundation will provide $60 million in grants to non-governmental organizations supporting small and micro business owners in emerging markets, specifically those run by or supporting women.
The foundation will also place $140 million with investors “that generate positive social and financial returns” for such businesses. “When women thrive, communities thrive,” said Visa Foundation’s Graham McMillan. “We know this matters now more than ever as the global economy seeks to recover and rebuild.”