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A Company with a Greater Purpose: Action Against Hunger Honors Visa

We honor Visa at our Annual Benefit Gala for their outstanding contributions to global economic empowerment.
Visa's cash transfer initiatives, like this one in the Philippines, helps speed up recover after a disaster. ACF-Philippines
Visa's cash transfer initiatives, like this one in the Philippines, helps speed up recover after a disaster. ACF-Philippines

At Action Against Hunger’s recent Annual Benefit Gala at Capitale in New York City, we were proud to honor Visa Inc. with our distinguished Corporation of the Year Award in recognition of the company’s outstanding work to economically empower vulnerable communities around the world. Visa uses its expertise as a global financial leader to increase access to mobile banking, financial literacy programs, and cash transfers as tools to lift up those most in need. 

Cash: a revolution for relief efforts

Visa’s commitment to financial empowerment aligns perfectly with our role as the lead humanitarian agency in the Cash Learning Partnership (CaLP), an inter-agency initiative focused on promoting cash transfers and strengthening local economies. Cash-based interventions have revolutionized the ways in which we can serve at-risk communities: by distributing cash or vouchers instead of physical goods, we ensure that the people we help are able to get what they need most while keeping local markets in business. 

Visa recognizes the importance of cash-based initiatives as a part of recovery efforts. In his Corporation of the Year Award acceptance speech, Douglas Sabo, Visa’s Global Head of Corporate Philanthropy and Responsibility, explained:

“In times of disaster, often the most effective way to help people in crisis is as simple a concept as giving them money. This notion of giving money has been called a ‘quiet revolution’ in the humanitarian space.”

– Douglas Sabo, Global Head of Corporate Philanthropy and Responsibility, Visa

Our innovative partnership with Visa

In July 2011, Visa helped us bring this revolution to the Philippines, where severe flooding left 120,000 families without homes or livelihoods. Visa assisted our emergency relief efforts by creating a safe and secure electronic voucher program, in which participants could use a prepaid Visa card to buy food and other select items from local merchants. By allowing families to purchase essential goods from local businesses instead of giving out food donations, Visa and our teams helped speed up economic recovery in the region.

This is just one example of the amazing work that Visa has done to build up communities economically. From the flood-affected areas in the Philippines to famine-stricken populations in east Africa, Visa has helped us assist people all over the world. And as the need for—and capacity for—cash-based initiatives grow, so will our collaboration with Visa. Mr. Sabo affirmed the company’s commitment to ongoing humanitarian action in his closing remarks:  

“We’re thankful for the opportunities we have had to bring who we are and what we do to this greater purpose…and we’re proud to be doing so standing alongside leading organizations such as Action Against Hunger.”

– Douglas Sabo, Global Head of Corporate Philanthropy and Responsibility, Visa

Like us, Visa strives to foster self-sufficiency in communities around the world. Their expertise and innovations in cash-based initiatives help us save lives and transform communities for the better around the world. We are proud to call Visa our partner, and to have honored their exceptional work at our Annual Benefit Gala.

 
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About Brianna Collins

Brianna Collins

Brianna leads our web and print design team, and helps to tell Action Against Hunger's story across multiple channels. Connect with Brianna on Google+

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