The Coca-Cola Foundation has partnered with microloan nonprofit Kiva to launch Change Make Her, a five-year initiative aimed at improving financial access for under-represented entrepreneurs worldwide. Through a revolving loan fund, Change Make Her will support entrepreneurs in various regions and impact areas, such as sustainable agriculture and climate resilience. Repayments from borrowers will be reinvested, allowing the fund to have a greater impact over time. Kiva, known for its global lending platform, has already provided over $2 billion in loans to 4.7 million borrowers, with a focus on empowering women. The partnership with The Coca-Cola Foundation will further expand Kiva’s work in advancing gender equity, refugee financial inclusion, and climate-smart solutions. Coca-Cola employees will also have the opportunity to participate and support the initiative.
Resource: https://esgnews.com/the-coca%E2%80%91cola-foundation-joins-forces-with-microloan-nonprofit-kiva-to-support-up-to-45000-entrepreneurs/