Weekly CSR Email Newsletter
CSR Assessments and Training in China!Compliance and Sustainability are two sides of the same coin, and businesses must keep their suppliers aware of key concepts to ensure that a business maintains best practices in China. Clear goals, ethics and mission starts with YOU! Find Out More Here.
Distribute Press Releases To Chinese Media!Getting your company's message to journalists is important in China and ChinaNewswire.com can assist you in English-language releases and Xinwengao.com can provide Chinese-language distribution services. Corporate press releases are the most cost-effective way for you to connect with your customers and stakeholders in China!
CDM World Summit @ Beijing - 2010/03/25
Green Fuels & Vehicles China 2010 @ Shanghai - 2010/04/08
3rd Annual Carbon Trade China 2010 @ Beijing - 2010/04/15
Eco Design Fair Spring 2010 @ Shanghai - 2010/04/17
2nd Annual Asia Eco Green Building @ Shanghai - 2010/05/12
Let us work with you in China to manage your email marketing campaigns, loyalty marketing programs, email newsletters, and digital marketing efforts while we improve your email deliverability in China. Our software and staff can help your company stay #1! Visit XZList.com
Caterpillar Donates Funds To Help China, African Nations
November 21, 2006 |
Print
| 
Email
| 
Comments | Category: News
Opportunity International has announced a philanthropic grant of US$1.2 million from Caterpillar Inc through the Caterpillar Foundation.
Caterpillar has provided a dozen moderate-sized grants to Opportunity International since 1994, and this latest donation represents the largest gift ever by Caterpillar to a microfinance organization. The grant will assist Opportunity International in expanding initiatives in China and six African nations.
A pioneer in microfinance since 1971, and today one of the largest microfinance organizations, Opportunity International offers small business loans, insurance, banking services and business training to the poorest of the working poor in 28 countries worldwide.
The grant comes as Opportunity International expands its presence in Asia and Africa. Approximately US$750,000 of the Caterpillar Inc funding is allocated to support Opportunity International's programs in China. The new funding is expected to create about 5,000 new jobs in the city of Hefei in Anhui province over the next three years, providing the capital to benefit about 25,000 people. The Caterpillar grant is the largest gift received by Opportunity International for its operations in China, where the organization opened an office in 2003.
The remainder of the grant will be distributed equally to Opportunity International's programs in Kenya, Uganda, Ghana, Mozambique, Malawi and Rwanda. In addition to providing credit in the form of microloans, Opportunity International has opened banks in many countries in sub-Saharan Africa that feature innovations such as biometric fingerprint identification technology, mobile ATMs, savings accounts, low-cost money transfers and health, life and even crop insurance for the poorest of the working poor. The Africa portion of the grant will help more than 28,000 poor people, bringing the total expected impact of the Caterpillar grant to benefit more than 53,000 workers, entrepreneurs and their family members.
The Caterpillar grant is the latest in a series of high-profile gifts to Opportunity International as it begins a new campaign to mobilize $1 billion over the next six years to benefit 100 million poor people by 2015.
Rate this page: 
Loading ...One Response to “Caterpillar Donates Funds To Help China, African Nations”
Leave A Comment:
-
Labor
-
Law & Order
-
Viewpoints
- Companies Can Help In The March Towards Better Consumer Rights In China
- CSR Review: Companies Have More Opportunities To Develop In China
- How Far Can Chinese Companies Take Corporate Social Responsibility?
- CSR Review: Companies Focus On Sustainability In China During Downturn
- Global Financial Woes May Impact Corporate Social Responsibility In China
Copyright 2003-2010 ChinaCSR.com. All Rights Reserved.
If you would like to syndicate these articles and posts, please utilize the RSS feed for this online publication, which provides a brief summary of each post with a link back to the original article. Posting of any other part of the articles or posts on this website, in whole or in part, is expressly prohibited without express written permission from ChinaCSR.com. Twitter ChinaCSR.com
I came to know about some kids of MAMHS school,Koratty, Trichur (District) ,Kerala,India
not in a position to continue their education due to lack of money .
Please do help them
you can contact for further details on 00019446314609