The SGII Center was created to facilitate participation in the impact investing field by training and allowing students to work directly with social enterprises, corporations, family offices, impact funds, and private family foundations.
What has the Center been working on lately? Together with funding from the Sorenson Impact Foundation, they will invest approximately US $2 million in five Africa- and India-based early-stage social enterprises. Students were involved in conducting due diligence for these impact investments.
“The opportunity to play an active role in combating these crucial societal issues is very rewarding,” said Brandon Koch, a student studying finance and computer science at the David Eccles School of Business who spent three months in India working for Kinara Capital. “The hands-on experience I gained at the SGII Center has been invaluable, and I look forward to continuing to apply these skills in the real world to create sustainable change.”
“These investments will serve to close funding gaps, helping social enterprises to prove out their businesses, with the additional benefit of cultivating impact investing expertise in students,” said Sorenson. “I hope that our efforts will accelerate the growth of the sector at-large and help lead to improved societal change on a global scale.”
The companies who have received investments from the Sorenson Impact Foundation are:
Copia – Kenya-based consumer catalog and rural distribution company
Kinara Capital – India-based financing company for micro and small enterprises
Liberty & Justice – Fair-trade apparel manufacturing company with offices in Liberia and Ghana
Simpa Networks – India-based pay-as-you-go solar financing company
World Haus – India-based affordable housing construction company
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