With Skoll Foundation Support, Citi Provides Financing For Innovative Social Enterprise KickStart International

07/31/2013 04:12 pm ET
  • The Wall Street Journal
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Citi Microfinance and Citi Commercial Bank today announced US$2,000,000 in financing to support KickStart International, a non-profit social enterprise that designs, manufactures, and sells high quality, low-cost irrigation pumps for use by smallholder farmers across Sub-Saharan Africa. With support from the Skoll Foundation, the loan will be the first from Citi directed to the social enterprise sector and will specifically support smallholder farmers in Sub-Saharan Africa, where farm yields are among the lowest in the world.`

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