All posts tagged: social investing

This image is from the More Than Me Facebook page.

More than Me Hits its Fundraising Target with 60 Investors on 33needs.com

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! …

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Philanthropy 2.0 : Micro Venture Capital v/s Donations

As a regular donor to causes, I have often wondered whether my donations made a difference. I have read annual reports and useful statistics telling me they have, but reports and scorecards haven’t been able to make me stay connected to the cause. Micro investment is about to change all that. How is Micro Investing different from Donating? Micro investments are investments of small sums of money (say 50 dollars) made by individuals, but more commonly, by a group of like minded people (friends, colleagues etc) in a micro venture fund such as Inventure Fund. The fund shortlists a set of entrepreneurs (individuals or communities) who are trained and mentored by its local reps. Businesses are chosen based on their track record as well as commitment to invest a part of their profits back into improving their communities. When an investment is made, the business has no pressure to make weekly or monthly interest payments as is usually the case with micro financed loans. Rather, the business is allowed to grow organically. The risk of …