Together with JPMorgan Chase and The Rockefeller Foundation, USAID is supporting Shujog Assistance for Capacity-building and Technical Services (Shujog ACTS) to provide tailored technical assistance to nearly 100 social enterprises in Asia, unlocking up to $50 million in follow-on investments in five focus sectors: agriculture, health, education, energy, and water. Shujog ACTS (Assistance for Capacity-building and Technical Services) is an innovative technical assistance program that allows social enterprises to work with ecosystem partners to raise much needed growth capital so that they can scale and impact more lives. Shujog ACTS prioritizes helping women-focused businesses to grow and prosper.
Through an innovative blended provision of repayable advances and grants, the partnership will enable Shujog ACTS to offer the liquidity for early-stage social enterprises to procure the business development services they need to become investment ready. After securing impact investment, the enterprises repay the interest-free advance to a revolving door facility, which then turns and supports the next early-stage social enterprise.
Shujog ACTS assists Social Enterprises across Asia to prepare for investment so they expand their operations and impact more lives. Through a partnership model with multinational corporate leaders, Shujog ACTS has helped pave the way for legitimizing small enterprises as potential clients for intermediaries while deepening the entrepreneurial ecosystem in Asia. In its first year of implementation, Shujog ACTS has catalyzed $1.5 million in impact investments in social enterprises and impacted over 54,000 beneficiaries.