IMPACT AREA: Education

Featured companies
Proximity Finance

Proximity Finance

image descriptionMyanmar

Proximity Finance (Proximity) is a socially focused MFI in Myanmar with a loan portfolio of over $11M and more than 60,000 borrowers, 51% of whom are women and 100% of whom live in rural areas.
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Fundacion Espoir

Fundacion Espoir

image descriptionEcuador

Fundación Espoir (Espoir) is a socially focused microfinance institution (MFI) in Ecuador with a loan portfolio of over US$45M and over 48,000 borrowers, 80% of whom are women and 74% of whom live in rural areas.
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Naasakle International LLC

Naasakle International LLC

image descriptionGhana

Naasakle International LLC (Naasakle) is a family-owned, vertically integrated shea processing and marketing business founded in 2000 that operates in Ghana and the United States, utilizing a direct “picker to consumer” model to connect Ghanaian women shea pickers with global consumer markets.
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Fonkoze

Fonkoze

image descriptionHaiti

The mission of Fonkoze is to build the economic foundations for democracy by providing poor women in rural areas with access to financial services and business education.
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Transcapital

Transcapital

image descriptionMongolia

Transcapital is a small microfinance institution operating in the poor suburbs (the “ger” districts) on the outskirts of Ulaanbaatar, the capital of Mongolia.
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EcoZoom East Africa

EcoZoom East Africa

image descriptionTanzania, Kenya

EcoZoom East Africa is a for-profit social enterprise and certified B Corporation founded in 2013 in Kenya, with the goal of supplying healthy, efficient, ecofriendly products to base-of-the-pyramid consumers.
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IMON International

IMON International

image descriptionTajikistan

IMON International (IMON) is a prominent MFI in Tajikistan with a loan portfolio of over $81M and over 100,000 borrowers.
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Vision Fund Lanka

Vision Fund Lanka

image descriptionSri Lanka

Vision Fund Lanka (VF Lanka) focuses primarily on providing microfinance loans to people living in rural areas of Sri Lanka, especially women, through a group lending methodology. Since its conversion to an LLC in 2012, VF Lanka has made it a priority to strengthen management capabilities, reduce operating costs, improve efficiency, and source funding at market rates.
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MicroEnergy Credits (MEC)

MicroEnergy Credits (MEC)

image descriptionMongolia, India, Kenya

MicroEnergy Credits (MEC) is a clean energy marketing and distribution company founded in 2007 that partners with financial institutions and suppliers to provide low-income households and microentrepreneurs in India, Kenya, and Mongolia with access to affordable, clean energy products like solar lights, efficient cookstoves, and water purifiers.
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Venture South

Venture South

image descriptionPhilippines

Ngosyon Pinoy Finance Corporation (NPFC), also known as Venture South, is a Small and Medium Finance Institution (SMFI) that lends primarily to Small and Medium Sized Enterprises (SMEs). Venture South is financing the “missing middle" and generating jobs for the unemployed and underemployed excluded from the formal labor market.
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DLO Haiti

DLO Haiti

image descriptionHaiti

DLO Haiti is an innovative water purification and distribution business founded in 2013 with the goal of developing a sustainable and scalable model to access clean water in Haiti.
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Tolaro Global

Tolaro Global

image descriptionBenin

Tolaro Global is a cashew nut processing business based in Parakou, a small town in Northern Benin. Founded in 2010, Tolaro sources raw cashew nuts directly from local farmers and transforms them for export.
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Microcredit Foundation Mikra (“Mikra”)

Bosnia and Herzegovina
  • MFI
Providing entrepreneurs with high-quality and affordable financial, educational and related services.

Microcredit Foundation Mikra (“Mikra”) provides the poorest but economically active population of Bosnia and Herzegovina (BiH), mostly women, with access to high-quality and affordable financial, educational and related services needed to reduce poverty, encourage self-employment and develop entrepreneurship.  Visit Mikra’s website.

 

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Chamroeun

Cambodia
  • MFI
Focusing on Cambodia’s most underserved.

Chamroeun is a small-size MFI in Cambodia established in 2006 as a project of the French NGO Entrepreneurs du Monde (EdM) to provide financial (loans, savings) and non-financial (micro-insurance) services to poor and vulnerable families living in Phnom Penh, Cambodia’s capital city. Since its inception, the organization focused on serving the “poorest of the poor,” targeting financially underserved people living in slum areas where most other existing MFIs wouldn’t operate. The social mission is at the heart of Chamroeun’s operations. Over the years, Chamroeun has expanded its operations in main provincial towns (Siem Reap, Battambang, etc.) and, as of 2013, covers 14 out of 24 provinces through 42 offices, still focusing on the low-endmarket in urban and peri-urban areas. At the end of 2013, it was addressing the needs of nearly 53,000 borrowers, with the objective of reaching 100,000 borrowers by 2017.  Visit Chamroeun’s website.

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Fundación de Apoyo Comunitario y Social del Ecuador (FACES)

Ecuador
  • MFI
Providing financial and non-financial services to underserved populations in Ecuador

FACES is a a non-profit MFI established in 1991 with the mission to provide credit and non-credit services to the under-banked population in Ecuador. The MFI offers group loans and individual loans in addition to providing education to clients and communities at large. Visit FACES’ website here.

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Fundacion Espoir

Ecuador
  • MFI
Helping improve education and agriculture opportunities for women in rural areas.

Fundacion ESPOIR is an NGO originally formed as the village banking program of Project HOPE in Ecuador. Since 2002, ESPOIR has been an independent NGO, solely responsible for running its microfinance operations. As of 2014, ESPOIR operates five branches, reaching over 20,000 women borrowers. Its primary product is its village banking loan (70% of portfolio). ESPOIR also offers a variety of individual loans for home improvements, family emergencies and school attendance. ESPOIR’s clientele has historically been 100% women. ESPOIR uses Freedom from Hunger’s Credit with Education model, which offers financial and non-financial services to poor women. Visit Fundacion ESPOIR’s website.

Ecuador

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Instituto de Investigaciones Socioeconomicas y Tecnologicas (Insotec)

Ecuador
  • MFI
Providing credit, technical assistance, and health services to underserved populations in Ecuador

Instituto de Investigaciones Socioeconomicas y Tecnologicas (“Insotec”) was founded in 1980 as a technical assistance agency, but quickly understood that many of its beneficiaries could also use financial assistance to further develop and expand their business. Insotec has a strong social focus that goes above and beyond the provision of credit. This is evident across several aspects of the business, including its technical assistance offering, prudent product design standards, health brigades, and conservative lending practices to avoid over-indebting its clients. Insotec serves over 14,000 borrowers, 41% of whom are women and 67% of whom are rural.

Learn more on Insotec’s website here.

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Friendship Bridge

Guatemala
  • MFI
Empowering rural women through micro loans, capacity building and support

Friendship Bridge (FB) is a non-profit organization with a strong social mission that provides loans and educational services to some of the least developed and overwhelmingly rural regions in Guatemala. Friendship Bridge currently provides microcredit and education to women throughout 10 departments in Guatemala. FB offers Guatemalan women renewable microloans averaging $242 for a two-to-twelve month loan cycle, and participatory education programs. Borrowing through self-selected groups of 7-25 women, known as a Village Bank, an average FB client is 38 years old, earns $2 per day, has had three years of formal education, has an a household size of 6.15, is unable to read or write, and is unlikely to speak Spanish. While participating in the microfinance program, FB clients start, expand or diversify their businesses, which range from weaving to raising livestock or poultry to roadside vending to growing fruits and vegetables for sale at the local markets. Loans provide self-sufficiency, income generation and consistent cash flow. As a result, women gain self-confidence and respect from their families and communities. Visit the Friendship Bridge website.

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