FYI: Root Capital Receives PRI and Grant From Bill & Melinda Gates Foundation

"When you do the common things in life in an uncommon way, you will command the attention of the world." George Washington Carver What is Social Entrepreneurship? Statement of Faith You can find other "Market with Meaning" but you definitely want to see "Profit with Purpose". I personally "Believe in Kingdom Transformation" because I know there is only ONE "Life for Significant". 社會企業家的事業 my facebook  &  my twitter  &  my tumblr --- 2009年12月11日 星期五，Root Capital <Root_Capital@mail.vresp.com> 寫道﹕ 寄件人: Root Capital <Root_Capital@mail.vresp.com> 主題: Root Capital Receives PRI and Grant From Bill & Melinda Gates Foundation 收件人: incubator.hou@gmail.com 日期: 2009年12月11日,星期五,上午5:08 If you are having difficulties viewing this email, click here Forward to a friend      News Update - December 10, 2009   Root Capital Announced as Recipient of Bill & Melinda Gates Foundation's First Agricultural Development Program-Related Investment $10 million investment and $4 million grant will expand economic opportunities for 500,000 rural households in Africa Root Capital was announced today as the recipient of Bill & Melinda Gates Foundation’s first program-related investment (PRI) from its Agricultural Development initiative. Root Capital will use the six-year, $10 million PRI as loan capital to scale its operations in Sub-Saharan Africa. The investment will expand economic opportunities for more than 500,000 rural households by enabling Root Capital to extend access to credit, financial management training, and global market opportunities for small and growing rural businesses. The $4 million operating grant will support Root Capital’s five-year growth plan to achieve a financially self-sustainable lending program by 2013. “Providing access to capital, financial training, and global markets empowers businesses to grow, communities to thrive, and economies to flourish,” said William Foote, Founder and CEO of Root Capital. “Root Capital is honored to receive funding from the Bill & Melinda Gates Foundation to connect smallholder farmers and other rural producers in Sub-Saharan Africa to global markets. We aspire to catalyze broader change in the capital markets that will truly impact global poverty and improve livelihoods for the rural poor.” “Access to the types of financial services provided by Root Capital is a critical enabling factor in the development of efficient agricultural markets and the entire value chain,” said Lutz Goedde, deputy director of the Agricultural Development initiative at the Bill & Melinda Gates Foundation. “By funding these services, we hope to provide small farmers and their families opportunities to increase their incomes and lift themselves out of hunger and poverty.” To read the full press release, click here. For all press inquiries, contact Lara Cote: lcote@rootcapital.org www.rootcapital.org                                                                             info@rootcapital.org If you no longer wish to receive these emails, please reply to this message with "Unsubscribe" in the subject line or simply click on the following link: Unsubscribe Root Capital 675 Massachusetts Ave, 8th Floor Cambridge MA 02139 Read the VerticalResponse marketing policy.

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