In collaboration with the Sorenson Impact Fund and Chilton Capital, the Lab is supporting an impact fund that will allow Village Capital to drastically scale its entrepreneurship programming in the agriculture, education, energy, financial inclusion, and health sectors. Since 2009, Village Capital has supported 400 enterprises in 27 business assistance programs in the US, East Africa, India, China, Brazil, and Europe. Village Capital’s signature innovation in these programs is the peer-selection process—a democratic approach that empowers entrepreneurs to participate in allocating capital to the most promising ventures addressing marginalized populations and global environmental challenges. To date, Village Capital has facilitated $2 million in investments in 41 peer-selected companies. These companies have raised nearly $40 million in follow-on capital, have served nearly 600,000 customers and beneficiaries, and created over 5,500 jobs.
|Value||USD 17.6 Million|