Founded in November 2009, the InVenture Fund merges micro venture capital and community reinvestment to solve the root causes of global poverty. InVenture's model works across sectors and partners to ensure a holistic approach to community development. What's more, all of our partners are committed to InVenture's standard of transparency throughout the organization’s infrastructure. Currently, our investments are focused in the Milta Alpaprovince of Mexico and Techiman, Nkoranza and Ejura in Ghana as well as Kwaebibirem in Ghana. We work with existing business owners with a solid repayment history, and will invest$1,000‐$15,000 to elevate their business to the next level. We help with setting realistic financial and structural goals as well as provide guidance and training as necessary to our entrepreneurs.
During the summer of 2010, InVenture Fund began a relationship with Griselda Flores, owner and operator of a medical analysis clinic in Milta Alpa, Mexico. Griselda won the 2009 PlaNet Finance International Microfinance Award in the “Microfinance and Health”category. She received equity financing to expand her businesses and give back to her community through the InVenture model. Business analysis provided by InVenture Fund Fellows Manvi Goel and Sarina Siddhanti (both MIT '10) suggested that Griselda expand her hours of operation and acquire an upgraded ultrasound machine for her center to better serve her community. Funds were disbursed in the summer and fall of 2010 to initiate these plans.
The purpose of this fellowship will be to monitor and evaluate the progress made in the operation of Griselda's clinic. Fellows will provide thorough interviews with Griselda and any other necessary constituencies (to be discussed with the InVenture Fund) to provide feedback to leadership team at InVenture. Fellows gain valuable field experience during this opportunity: conducting interviews, gathering data on the functions of the clinic, synthesizing information to be shared with InVenture and its partners.
InVenture is seeking a committed, enthusiastic, and sharp individual to help us review and monitor one of our investment clients. This is a unique opportunity for a young, socially conscious individual to build his or her portfolio, gain field-work experience, and contribute to an exciting new financing venture. Specific skills: Academic or professional background in public health, business or medicine.
Fluency in Spanish, required; experience traveling or working in Mexico preferred. Valid passport required. Experience and/or understanding of micro finance preferred.
Summer help information to come
MIT students interested in developing projects around these ideas should submit a brief letter of interest and resume (email preferred) to:
Bailey Thaxton, Inventure Director of Education
MIT students who develop projects around these ideas may apply for support from the Public Service Center's Fellowships or Grant programs. Please check the program descriptions and deadlines and talk to program staff to determine which is most appropriate for your needs and project.
If you want to volunteer or you have funding from outside the PSC that enables you to work on this project, that's great! However, please do let us know if you work on a project you saw advertised here, even if you don't use our funds. And remember, the PSC staff are happy to advise on service projects even if we are not funding them ourselves.