Coca-Cola Foundation announces $3 million grant for Myanmar job growth
June 18, 2012
The Coca-Cola Foundation recently announced that it will grant $3 million to benefit women in Myanmar as they work toward economic sustainability. To achieve this goal, the foundation has partnered with Pact to help establish the WORTH program in the country, formerly known as Burma, which is growing and evolving at a rapid clip. With the funding, groups of 20 to 25 Myanmar women will receive support to develop community banks that will provide financial assistance to entrepreneurs and business ventures.
Washington, D.C.-based Pact is a non-governmental program that is working in 26 emerging countries to improve health, access to food and economic empowerment. Through its participation in the WORTH initiative, The Coca-Cola Foundation will come one step closer to realizing its "5 by 20" goal of assisting 5 million women across the world by 2020.
"Coca-Cola's generous contribution will allow even more women to tap their own potential, earn a dignified living, lift their families out of poverty and ... help all of Myanmar realize the promise of a brighter future," said Mark Viso, president and CEO of Pact.
Organizations similar to Pact can use solutions, such as nonprofit financial management
, to identify grant opportunities from large foundations.