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Article

11 Mar 2013

Author:
IFC, Coca-Cola Company

The Coca-Cola Company and IFC Announce Initiative to Support Women Entrepreneurs across Emerging Markets

The Coca-Cola Company and IFC (International Finance Corporation), a member of the World Bank Group, today announced a $100 million, three-year joint initiative to provide access to finance for women entrepreneurs in Eurasia and Africa. The collaboration...[seeks] to help address barriers women entrepreneurs commonly face in some of the world’s poorest countries. IFC will work through its network of local and regional banking institutions to provide financing and business skills training to small and medium sized businesses that are owned or operated by women entrepreneurs across the Coca-Cola value chain. “Women entrepreneurs make significant contributions to emerging and developing economies, yet have lower access to finance...,” said Nathan Kalumbu, president of Eurasia and Africa Group, The Coca-Cola Company. [also refers to Access Bank, Nigerian Bottling Company]