The Clinton Global Initiative announces an innovative partnership
between Green Mountain Coffee,
and Root Capital to improve the financial
literacy and management skills of rural-based businesses in Latin
America and Africa, which include many of Green Mountain Coffee's
coffee suppliers.
Green Mountain Coffee made a commitment at the Clinton Global Initiative
to support Root Capital's efforts to expand
its financial training with a five-year, $450,000 grant
In 2006, with Green Mountain Coffee's
support, Root Capital launched a pilot financial education and training
program in northern Latin America to develop basic financial and
management skills among members and leaders of 50 grassroots businesses.
Twelve of these enterprises are Green Mountain Coffee suppliers,
representing over 10,000 members.
Green Mountain Coffee will enable Root Capital's
launch of the program in South America and Africa