“Matter to a Million” Global Giving Partnership Celebrates Five Years, $21M in Loans

“Matter to a Million” Global Giving Partnership Celebrates Five Years, $21M in Loans

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.@HP's 'Matter to a Million" employee-engagement program helped turn $25 loans into $21 million, impacting more than 1 million people globally in just five years. @HPSustainable http://bit.ly/2TruED6 #microfinance
Tuesday, February 5, 2019 - 9:00am

CAMPAIGN: HP, Inc. | Community

CONTENT: Article

This article series is sponsored by Silicon Valley Community Foundation and went through our normal editorial review process. 

Imagine turning $25 loans into more than $21 million, impacting more than 1 million people globally, in just five years. No, this isn’t the latest Shark Tank pitch. It is the outcome of Hewlett Packard Company’s Matter to a Million employee-engagement program.

In 2013, Hewlett Packard Company partnered with Kiva, a nonprofit online platform dedicated to economic empowerment through loans, to answer a unique question: What if Hewlett Packard Company provided each of its 275,000-plus employees with a $25 Kiva credit? Employees could then log onto Kiva, view the thousands of global projects and lend the $25 to the borrower of their choice.

In 2015, Hewlett Packard Company divided into two separate companies: HP, Inc., which retained the personal and business computing and imaging products; and Hewlett Packard Enterprise (HPE), which provides products and services geared toward enterprises, including data center, networking and infrastructure solutions. Both companies continued offering employees the $25 Kiva credits each year, as by this point employees and leadership alike were extremely passionate about the program.

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