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

Mon Mar 11, 2013 8:22am EDT

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$100 Million Will Benefit Women Entrepreneurs within Coca-Cola`s 5by20 Economic
Empowerment Initiative

ATLANTA--(Business Wire)--
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

The collaboration builds on the synergies between Coca-Cola`s 5by20 women`s
economic empowerment initiative and IFC`s Banking on Women program 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 than their male counterparts. By
providing greater access to capital, we are investing in our own success and the
success of the communities we serve," said Nathan Kalumbu, president of Eurasia
and Africa Group, The Coca-Cola Company. "We are excited about this opportunity
to harness the collective power of our organizations to positively impact women
in Eurasia and Africa." 

"Women entrepreneurs represent significant untapped economic potential in
developing countries-they are essential for creating jobs and achieving
sustainable growth," said James Scriven, IFC Director of Financial Markets.
"This innovative partnership with Coca-Cola will help expand access to finance
for thousands of women who are part of the company`s supply and distribution

Work related to this initiative is already beginning in Nigeria. Coca-Cola and
IFC are working with Access Bank to provide financing to women
micro-distributors (MDCs) in the Coca-Cola value chain, in close collaboration
with Coca-Cola`s bottling partner, Nigerian Bottling Company. 

This initiative with IFC is a notable milestone for 5by20, The Coca-Cola
Company`s global initiative to enable the economic empowerment of five million
women across the Company`s global value chain by 2020. Launched in 2010, 5by20
is helping women succeed as entrepreneurs, while also creating thriving,
sustainable communities by providing access to business skills, financial
services, assets and support networks of peers and mentors. 5by20 currently has
programs in 12 countries. 

IFC Banking on Women is playing a catalyzing role helping financial institutions
and corporate partners like The Coca-Cola Company, and chambers of commerce to
profitably and sustainably serve businesses owned by women, focusing on regions
and countries that have strong enabling ecosystems for small and medium
enterprises and large numbers of women entrepreneurs. The Banking on Women
portfolio has made 20 investments in Eastern Europe, East Asia and Africa and a
robust pipeline of new investments is under development. 

About IFC

IFC, a member of the World Bank Group, is the largest global development
institution focused exclusively on the private sector. IFC helps developing
countries achieve sustainable growth by financing investment, mobilizing capital
in international financial markets, and providing advisory services to
businesses and governments. In FY12, IFC`s investments reached an all-time high
of more than $20 billion, leveraging the power of the private sector to create
jobs, spark innovation, and tackle the world`s most pressing development
challenges. For more information, visit 

About The Coca-Cola Company

The Coca-Cola Company (NYSE: KO) is the world's largest beverage company,
refreshing consumers with more than 500 sparkling and still brands. Led by
Coca-Cola, the world's most valuable brand, our Company's portfolio features 16
billion-dollar brands including Diet Coke, Fanta, Sprite, Coca-Cola Zero,
vitaminwater, Powerade, Minute Maid, Simply, Georgia and Del Valle. Globally, we
are the No. 1 provider of sparkling beverages, ready-to-drink coffees, and
juices and juice drinks. Through the world's largest beverage distribution
system, consumers in more than 200 countries enjoy our beverages at a rate of
more than 1.8 billion servings a day. With an enduring commitment to building
sustainable communities, our Company is focused on initiatives that reduce our
environmental footprint, support active, healthy living, create a safe,
inclusive work environment for our associates, and enhance the economic
development of the communities where we operate. Together with our bottling
partners, we rank among the world's top 10 private employers with more than
700,000 system associates. For more information, visit Coca-Cola Journeyat, follow us on Twitter at or
check out our blog, Coca-Cola Unbottled, at

The Coca-Cola Company
April Jordin, +01 404.676.2683 

Copyright Business Wire 2013