Umpqua Bank deploys $1 million in microloans to BIPOC and women entrepreneurs

Sustainability & Regulation
Q+
09/11/2022 News

Umpqua Bank announced that its innovative crowdfunding partnership with Kiva has reached the initial goal of deploying $1 million in microloans. Since April, the Umpqua Bank Loan Fund has supported nearly 200 BIPOC (Black, Indigenous, and People of Color) and women entrepreneurs, addressing a critical gap in access to funding for many small business owners.

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