Skoll Foundation Supports Citi with $2,000,000 in Loans for KickStart International


credit: Wikipedia User:MatthewVanitas

Citi Microfinance and Citi Commercial Bank allot $2,000,000 in financing loans to support nonprofit social enterprise KickStart International.

With support from Skoll Foundation, the loans will specifically support smallholder farmers in Sub-Saharan Africa. The area has the lowest farm yields in the world. The Citi financing will be used by KickStart as capital to develop production and distribution of its human-powered water pumps, for irrigation, improvement of crop yields, and income boost for farming households.

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