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US team union commits $2.5M for loans benefitting women

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As the union for national team players works out the details of a historic equitable pay agreement with U.S. Soccer, the players are looking to expand their influence into programs that benefit other women.

The U.S. Women’s National Team Players Association on Thursday announced a new initiative with the nonprofit Kiva, committing $2.5 million in no-fee, no-interest loan capital to more than 400 small businesses — with a focus on women and underserved communities.

“The U.S. women’s national team stands for so much more than just the fact that we’re soccer players and this is the time to really lean into our fight for pay equity, and economic justice is an extension of that,” defender Crystal Dunn said.

Kiva, based in San Francisco, crowdfunds loans to entrepreneurs in underserved communities across the globe who might not have access to traditional loans. Some 81% of Kiva’s borrowers are women.

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