Sustainable Tourism Impact Fund launched to empower MSMEs in Southeast Asia
In partnership with WWF-Singapore and the UnTours Foundation, Agoda introduces a groundbreaking initiative to drive sustainability in the tourism sector.
Agoda, a leading global digital travel platform, has joined forces with WWF-Singapore and the UnTours Foundation to launch the Sustainable Tourism Impact Fund. This innovative initiative is designed to empower micro-, small-, and medium-sized enterprises (MSMEs) in the tourism sector across Southeast Asia by providing affordable and flexible investment capital. The fund aims to support businesses committed to advancing sustainable practices, reducing environmental impact, and fostering community empowerment.
The Sustainable Tourism Impact Fund reflects a shared vision of reshaping the travel industry to not only minimize harm but actively contribute to the planet’s health and the well-being of its people. By equipping local tourism businesses with the tools and resources they need, the fund seeks to promote regenerative tourism practices, conserve critical ecosystems, and create sustainable economic opportunities for host communities.
“At Agoda, we believe that travel can be a force for good. Through the Sustainable Tourism Impact Fund, we’re empowering local businesses to lead the way in sustainable tourism, ensuring that travel supports thriving communities and preserves the environment for years to come,” said Boratay Uysal, Senior Sustainability Manager.
Collaborative effort for a sustainable future
The Sustainable Tourism Impact Fund is a testament to the power of collaboration. Each partner brings unique expertise to the table:
- WWF-Singapore: As one of the world’s most respected conservation organizations, WWF-Singapore works to create impactful change in areas such as climate, circular economy, wildlife, biodiversity, and sustainable finance.
- Agoda: Leveraging its global reach and cutting-edge technology, Agoda is committed to promoting sustainability within the travel industry and using travel as a force for good.
- UnTours Foundation: With a legacy of funding changemaking businesses, the UnTours Foundation provides affordable and flexible investment capital to enterprises that drive positive social and environmental impact.
Flexible support for tourism MSMEs
The fund offers loans ranging from USD $10,000 to $25,000 to eligible MSMEs located in Indonesia, Malaysia, the Philippines, Singapore, and Thailand. To qualify, businesses must demonstrate a commitment to sustainability, have an established financial track record, and operate within the tourism industry.
The fund prioritizes businesses that:
- implement regenerative practices to reduce their environmental footprint.
- contribute to local economies and empower communities.
- actively engage in environmental conservation efforts.
Apply Now!
Tourism MSMEs in Southeast Asia are encouraged to apply for funding and join the movement toward a more sustainable future. For more information on eligibility and application details, visit UnTours Foundation’s website.
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