The UPS Foundation Funds Economic Empowerment

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The UPS Foundation Funds Economic Empowerment

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Summary

Over the past four years, UPS has contributed $265,000 to support Opportunity International’s transformational microfinance work in Chennai, India. As a result, more than 1,600 new clients have received loans – averaging $136 the first time around – affecting nearly 7,000 lives.

Friday, April 1, 2011 - 9:22am

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A Trust Group of 17 women in Chennai, India, hold a sign in gratitude for the contributions made by UPS to help bring financial independence and stability to their lives, families and community. Over the past four years, UPS has contributed $265,000 to support Opportunity International’s transformational microfinance work here. As a result, more than 1,600 new clients have received loans – averaging $136 the first time around – affecting nearly 7,000 lives.

In addition to access to credit, loan clients receive training on a variety of topics from financial literacy to family health and nutrition to environmental awareness and leadership development. These tools empower small-scale entrepreneurs to transform their lives and take an active role in driving their local economies. These training tools are especially important in this program, comprised of all women, as it helps them become better leaders and support for their families and communities.

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About UPS
UPS (NYSE: UPS) is a global leader in logistics, offering a broad range of solutions including the transportation of packages and freight; the facilitation of international trade, and the deployment of advanced technology to more efficiently manage the world of business. Headquartered in Atlanta, UPS serves more than 220 countries and territories worldwide. The company can be found on the Web at UPS.com and its corporate blog can be found at blog.ups.com. To get UPS news direct, visit pressroom.ups.com/RSS

 

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Keywords: Finance & Socially Responsible Investment | Health | India | Loans | Microloans | Opportunity International | The UPS Foundation | credit | financial literacy | microfinance | women

CONTENT: Blog