Umpqua Bank said its partnership with crowdfunding nonprofit Kiva has reached its initial goal of deploying $1 million in 0% interest microloans to nearly 200 BIPOC (Black, Indigenous, and people of color) and women entrepreneurs.
Portland, Oregon-based Umpqua, a subsidiary of Umpqua Holdings Corporation (NASDAQ: UMPQ), established the Umpqua Bank Loan Fund with Kiva earlier this year as part of its Small Business Empowerment Program.
Under the program, Umpqua's loan fund matched contributions…
