It may not feel like
business as usual for anyone right now, and yet one thing remains constant for
our team: the pursuit of enduring impact. When we started our impact investing
journey three years ago, we had many
hypotheses about our evolving role in the sector, but we had one anchoring truth: the
demonstration of meaningful, measurable social impact.
Since our launch, we’ve
successfully deployed nearly $2 million of patient capital into eight social
enterprises spanning energy, education, health and agriculture. The start-up
realities faced by our investees—innovators who are pioneering new products,
services and business models in markets long neglected or unfit for traditional
approaches—are unique in their own right. What binds this diversity is the
social impact we seek to engender and the continuous undertaking of setting and
keeping something in motion despite the undercurrents and friction that can
slow us down.
This is why we’re thrilled to launch the FINCA Ventures Annual Impact Report 2019: In Motion.
Our portfolio companies
have led the way with earnest work across the African continent this past year,
impacting lives in meaningful and lasting ways. This inaugural impact report
shares their achievements through metrics, customer spotlights and deep dives, and
offers ample context for how our team thinks about defining and measuring
“impact.” It also shares insights from lessons learned along the way.
Here are some of the
impact highlights across the portfolio:
- Amped Innovation: 27,910 families benefiting from 2,547 mWh of clean energy
- East Africa Fruits: 1,735 smallholder farmers connected to 680 small, informal vendors, allowing for both groups to improve their incomes
- Eneza Education: 636,906 active learners on the platform (on average) accessing digital education resources and completing 4,932,581 lessons
- Good Nature Agro: 5,582 smallholder farmers receiving $966,415 in payouts for their harvests
- Ignitia: 1,362,351 individuals receiving 23,523,910 weather forecasts
- MDaaS Global: 8,195 patients (and 5,246 female patients) gaining affordable diagnostic services
- Sanivation: 907 metric tons of fecal sludge converted to fuel substitutes, saving 27,387 trees
We’re excited to share this first-ever FINCA Ventures Annual Impact Report and proud to work alongside amazing entrepreneurs, co-investors and ecosystem partners equally determined to create, measure and optimize social impact.
Download the Annual Impact Report 2019
The post In Motion: Announcing the FINCA Ventures Annual Impact Report 2019 appeared first on FINCA Ventures.
