PayPal Awards CNIMFG Community Partner Grant

PayPal Holdings, Inc. today named CNI Micro Finance Group as one of 20 nonprofit community partners nationwide that will receive grants and contributions totaling $5 million to support Black-owned businesses in their recovery from the impact of the COVID-19 pandemic. The grants are part of PayPal’s $530 million commitment announced in June to support Black-owned businesses, strengthen minority communities and fight for racial equity and economic equality.

Erica King, President, reaffirmed that “CNIMFG knows small businesses and their employees are hurting during this difficult and unprecedented time, particularly those in communities where resources are scarce. We’re honored to be joining forces with PayPal to help Black and other minority business owners, particularly in under-resourced communities, gain access to the financial support they need to grow jobs and strengthen the communities they serve, as quickly as possible.”

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