Saturday 31 August 2013

Coca-Cola aims to improve economic lives of Myanmar women

Global soft-drink maker Coca-Cola is launching a corporate social responsibility program in Myanmar to help women, according to company executive.

The Coca-Cola Foundation and Pact are expanding a program to help Myanmar women gain access to business skills and financial services.

"The program will allow any woman to join without restrictions. Our capacity-building team will provide the member groups in respective towns with training programs such as how to start up a small business and management skills," said an executive from Coca-Cola Myanmar.


The programmes aim to improve financial security of women. They will organise collective saving funds from which women from different areas across the country can access low interest loans for their businesses.

“We will form groups each containing 20 to 25 members. They will choose their leader and save money every day. When the savings become large, the members can borrow loans with certain agreement among them. The interest rate will be seven times lower than the outside. The interest gained will be distributed among the members. So, they will get money in two ways," she added.

The program has been in operation in Yangon, Mandalay and Sagaing Region since 2012, and it will expand further to other cities and towns across the country.

Coca-Cola's program is titled: "Empowering 5 Million Women by 2020" and was launched in 2010. It aims to economically empower 5 million women entrepreneurs across the world by 2020, according to Coca-Cola.
 
source: Eleven Myanmar

No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...