Mission Belt Nears Milestone of 50,000 Poverty-Fighting Kiva Micro-Loans
FOR IMMEDIATE RELEASE
OREM, Utah — Since 2012, Mission Belt® has funded nearly 50,000 loans through micro-lending partner Kiva, with the milestone to be reached in the coming weeks. As detailed at a dollar from each sale of the no-holes Mission Belt helps fight global poverty by giving hardworking entrepreneurs the tools to become self-sufficient. By delivering a fresh, improved take on an age-old accessory, the Mission Belt has struck a real chord with consumers. By working with peer-to-peer micro-lender Kiva, the company and its customers have helped improve the lives of nearly 50,000 deserving people and their families.
“It’s been an amazing journey, and never more so than right now as we near the milestone of 50,000 Kiva loans,” said Mission Belt co-founder Zac Holzapfel, “We were inspired to create the Mission Belt after seeing how a little support for a friend of ours made such a lasting difference. Since then, we’ve been able to help tens of thousands of other people achieve financial security and independence thanks to our customers and loan partners at Kiva. We’d like to thank everyone who has helped make the Mission Belt such a success. We look forward to lending a hand to many others in the years to come.”
Since its founding in 2005, San Francisco-based non-profit Kiva has facilitated over $800 million in small loans to people all over the world. With repayment rates averaging over 98 percent, the group extends financing to impoverished entrepreneurs to help them get started or grow a business to the next level.
The Mission Belt was created after a personal experience detailed at impressed upon brothers Nate and Zac Holzapfel the potential power of micro-lending. When a mutual friend in Panama was injured and lost his job, the pair helped him set up a transportation business that grew quickly. With a relatively small investment into their friend’s future, the two realized, they had helped him become self-sufficient for life.
Based on a design that is free of holes and allows nearly continuous adjustment, the Mission Belt has since been featured in a number of national news outlets and on the popular television show Shark Tank. With a dollar from the sale of each Mission Belt now contributing to the fight against global poverty and hunger, the accessory has helped people in over 70 countries worldwide.
In the coming weeks, the total number of Mission Belt sponsored loans through Kiva will top 50,000, marking a major milestone for a company that was founded to lend a hand to those in need. Visitors to can learn more about the company, its products, and its mission.
About Mission Belt:
Free of holes and better fitting, the Mission Belt is a fresh take on a classic accessory. A dollar from each purchase helps people all over the world escape poverty and hunger for good.