Advanta Adds Charity Component to Affiliate Program
Advanta Adds Charity Component to Affiliate Program
Affiliate Program Raises Money for Kiva.org through the
KivaB4B Project
SPRING HOUSE, Penn, July 22, 2008 - Advanta Corp.
(NASDAQ: ADVNB; ADVNA) has announced that it will use its affiliate marketing
program, through Advanta Bank Corp., to make charitable donations to
Kiva. For every new Kiva BusinessCard customer acquired through the
affiliate marketing channel, Advanta will make a charitable donation to Kiva in
the affiliate's name.* Affiliates will continue to receive their
negotiated bounty.
"We see our relationships with affiliates as another
opportunity to support entrepreneurs in developing countries," said Ami Kassar,
Advanta's Chief Innovation Officer. "Not only are we empowering the small
business community to help businesses in the developing world, we are going to
empower our affiliates, too."
KivaB4B is a joint initiative between Advanta and Kiva - two organizations that uniquely help entrepreneurs and small business owners. The KivaB4B Project encourages small business owners to support entrepreneurs in the developing world by making grants to seed their business ventures. In recognition of their participation in the Project, Advanta provides the small businesses with resources to market their philanthropic activities to their community. Advanta also provides a financial incentive. If a small business owner uses an Advanta BusinessCard to make a grant to Kiva for an entrepreneur, Advanta matches the grant, dollar for dollar (up to $200 per account, per month).**
*For information about the terms, conditions and limitations
of the Kiva donation initiative, please contact Jennifer Sherlock at
**For information about the terms, conditions and
limitations of the KivaB4B Project, please refer to the Matching Program Terms and
other disclosure links on www.kivab4b.org.
About Advanta
Advanta was founded in 1951 by Jack Alter, a
About Kiva
Kiva.org (www.kiva.org) is the world's first
person-to-person microfinance website, empowering individuals to provide funds directly
for the benefit of an entrepreneur in the developing world. Founded in 2005 by
Matt and Jessica Flannery, Kiva.org's mission is to connect people, through microfinance,
to alleviate poverty. Kiva.org currently connects givers in more than 50
countries with entrepreneurs in 39 developing countries, through 62
microfinance partners. Kiva.org is headquartered in
###
08/20
Media Contacts
David M. Goodman
Vice President, Communications
215-444-5073
dgoodman@advanta.com
Jennifer Sherlock
Manager, PR and Events
215-444-5592
Christina Witz
MWW Group
212-827-3753
cwitz@mww.com
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