More Than Me, a Liberia based social venture is the first to meet its fundraising target on 33needs.com – 60 people have pooled in varied amounts from as little as $5 to fund More Than Me’s new social venture. Their ask was compelling – We’re starting a company, More Than Me, to manufacture and design laptop cases (made by local Liberian women), initially to be sold at college campus stores. We’ll use profits from sales to fund the education of girls. 50% of the kids in Liberia, West Africa are not in school — and more than half of them are girls. Without education, these girls have limited future opportunities and social mobility, thus perpetuating the cycle of poverty.
More than Me’s target was to raise US$3000 and they have ended up raising a little bit more than the goal in just 30 days from 60 people. Katie Meyler, Founder of More than Me was thrilled to have her venture financed this quickly – Boom!!! We did it — or, more like, you did it! We’re so excited to start. They offer all its investors not only a great social return but also a financial return – they’ve offered to share 5% of their revenue for 1 year with their investors on 33needs. And, for people who’ve invested $100 or more, they’ll get one of the first 100 laptop slip covers.
33needs.com is a web based fundraising platform for social ventures (companies in the business of doing good) allowing entrepreneurs to source funds from people anywhere in the world interested in addressing the world’s biggest needs. They currently have 9 social ventures seeking investments and offering great social and financial returns to its investors. Do check them out and if you like any idea you can invest as little as $5 or as much as your heart desires.
To know the full story about 33needs and about their crowd-sourced financing model, read http://www.dutiee.com/33needs-a-brand-new-way-to-raise-funds
To learn about More Than Me and their pitch to the world