Hitachi to Provide USD 1 Million in Loans through Kiva to Businesses in Need around the Globe, Affected by the Spread of the COVID-19

Hitachi, Ltd. (TSE: 6501, "Hitachi") today announced that it will make a contribution of USD 1 million to Kiva's COVID-19 Response to support business owners impacted by COVID-19 through loans by Kiva, a U.S. nonprofit organization that supports lending to small businesses, entrepreneurs, farmers and families around the world through crowdfunding. Hitachi is a first major contributor to Kiva's Global COVID-19 fund, a new program that will allow Kiva to fund the communities that have been hit hardest by this crisis. As repayments from these loans return to Hitachi's account, they will fund new loans over a 4-year period, after which the balance will be a donation to Kiva.