About the Business
Voran Group Ventures is a chemical company that manufactures and distributes innovative health & hygiene, wellness, and applied nanotechnology products. This woman-led organization is disrupting the industry with its Bacoban cleaner and disinfectant, which addresses a hygiene-gap by killing 99.99% of bacteria, virus, and fungi while creating a hygienic surface that prevents the growth of bacteria, mold, and mildew. Voran Group Venture’s Bacoban is also free of Volatile Organic Compounds (VOCs) which cause indoor air pollution and have been identified as a hazard to human health.
About the Loan
Motivated by Voran Group Ventures’ health and wellness innovation, Vancity Community Investment Bank (VCIB) procured an operating line of credit to provide working capital and inventory financing for growth. With VCIB’s financing, Voran Group Ventures will onboard new employees and build their distribution network across Canada.
About the Impact
In an effort to become leaders in the cleaning industry, Voran Group Ventures is spending a lot of time, money, and effort to provide high quality socially conscious products and contribute to critical research in antimicrobial resistance. The organization will be contributing a portion of its revenue to research at the University of Calgary, where they have a team involved in the One Health Consortium – a global effort that shares knowledge and data around the world.
As a values-based bank, VCIB is committed to supporting organizations that share a commitment to positively impact the communities where they live and work. As Voran Group Ventures increases its employee base and distribution network, VCIB’s funding will support the company’s strategic growth.
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