Preheat oven to 350°F (175°C). Grease and flour a 9x5-inch loaf pan.

In a large mixing bowl, whisk together the flour, sugar, baking powder, and shredded coconut.

In another bowl, combine melted coconut oil, eggs, coconut milk, and vanilla extract until smooth.

Gently fold the wet mixture into the dry ingredients until just combined; do not overmix.

Pour the batter into the prepared loaf pan and spread evenly. Bake for 50-60 minutes or until golden brown and a toothpick comes out clean.

Cool in the pan for about 10 minutes before transferring to a wire rack to cool completely before slicing.