Crystal, a company that helps people and small businesses get access to money, has received a loan of $10 million. This money will help Crystal grow its business and support more people in the agricultural and small business sectors.
The loan is provided by responsAbility, a Swiss company that invests in projects that are good for the environment and society. The money will be given to Crystal in several parts, so they can use it when they need it most.
A part of the loan, $4 million, will specifically help women who own small businesses or live in low-income households. This is a big deal because it shows that responsAbility cares about supporting women and helping them become more independent.
Crystal’s boss, Ilia Revia, said they are happy to be working with responsAbility again and think this partnership will help them achieve their goal of empowering women. Crystal has experience with something called “gender bonds” which is a way for companies to invest in projects that specifically help women.
ResponsAbility is a big company that invests in projects all over the world. They care about three main things: helping small businesses grow, reducing climate change, and making sure everyone has enough food to eat. They have already invested $15 billion in projects like these since 2003.