ANGELS OF IMPACT
Evergreen Funding
Fueling communities with affordable loans
Funding
At the end of the program, the women can either apply to Angels of Impact for investment or to other funders. For Angels of Impact, rather than assessing using traditional credit estimates for communities that are systematically disadvantaged, we practice relationship-based lending where we evaluate entrepreneurs and their teams based on three main categories: community capital, social impact, and the potential to generate revenue that ultimately is shared with the community.
Our funding and customized capacity building is focused on investment readiness, with a path to sustainability and creditworthiness for future funding. That’s why our Evergreen fund reinvests repaid loans from enterprises that have received capacity building through our WISE accelerator. Since 2016, this approach has led to a 100% repayment rate.
Our Past Funding Projects
About:
Torajamelo is an ethical slow fashion lifestyle brand, working towards poverty alleviation by creating a sustainable ecosystem for women artisans in rural Indonesia.
Funding Details:
Received $24K in 2015 for working capital needs and to help sustain their business operations.
Impact:
Works with 1100 weavers, wages increased by 550%.
"We think that Toraja women weavers are strong people. We do not think we need to empower them because they are already powerful. All they need is access to market and capital."
-Dinny Yusuf, Torajamelo Founder
Our Past Funding Projects
About: Color Silk trains and employs women in the art of silk farming and silk weaving in traditional Cambodian style.
Funding Details: 2 loans totally $70K to expand and equip production facility. Repaid in 12 months for each loan.
Impact: 39% increase in monthly wages for 40 women working in value-added production.
"We founded with the vision to preserve Cambodian silk weaving and provide an employment opportunity to women and help create sustainable income."
-Vanntha Ngorn, Color Silk Founder
