Tugende is a Social Business that helps mototaxi drivers double their incomes by owning their motorcycles. They have helped over 18,000 motorcycle taxi drivers with higher incomes, including the drivers’ families, that’s over 85,000 people.
Financing and supporting early-stage businesses in Uganda is not an easy task. In this report with USAID we look at what we have learned from our portfolio over the last few years and how this helps to inform our investment criteria going forward.
A social business needs to deliver results in three core areas; social impact, financial sustainability, and organisational resilience. But in order to mature in these areas businesses need more than just capital; they also require non-financial support, training and access to networks.
Waste Ventures India has established a formalized market for waste streams which averts waste from landfill and creates higher incomes for the waste pickers, with standardized prices with upfront payments.
“Only when companies disclose their impact - negative and positive - will we live in a transparent, holistic economy.” - Paul Allard, CEO & Co-Founder, Impak Finance.
As consumers, we are constantly demanding more. We want faster delivery, logistics and services to our door. To satisfy this demand, there is a huge focus in the investing space on “last mile” - finding the cheapest and most efficient way to serve the furthest to reach places. The last mile is the most expensive and time-consuming part of the delivery process
This month we have completed the second program week of our third accelerator cycle in São Paulo focusing on customer development and impact. We were particularly excited to expand to an entirely new continent and increasing our global exposure by including more diversity in stops.