Check our profile on the website of Engineers Without Borders Canada, one of our key partners. EWB Canada works with us on refining our investment approach in East Africa by supplying our team with Alex, a highly qualified fellow. He helps us to improve our financial due diligence process.
Last Tuesday and Wednesday our team took part in the Generation Agripreneur Expo organized by the American Chamber of Commerce Uganda. We talked to over 200 entrepreneurs and visitors, we met a number of potential clients interested in products made by our investees, and we established a couple of promising partnerships.
During the two days of the expo we had a pleasure to exhibit products of some of current clients. Our showcase included products of Bee House Products, producer of honey and beekeeping equipment, K-Roma, wine and juices, SEB Engineering, metal fabrication, Don de Dieu, apparel producer, and Definition Africa, apparel and souvenirs.
During the second day of the Generation Agripreneur event, Elisabeth Lindow, Director of the Mango Fund's Women Entrepreneurs Initiative, took part in the discussion panel "The Economics of Business". Liz emphasized that financial institutions working with entrepreneurs need to deliver flexible products that fit production and sales cycles – often different for farmers and manufacturers. – Debt is a long term commitment. Financial institutions and businesspeople need to learn how to work together not only when the business goes well but also when challenges occur – said Elizabet Lindow from Mango Fund.
Today Kad Africa, one of Mango Fund’s investees, was featured in an article by Forbes describing ways of promoting youth employment in Africa. In the article you can find information how Eric Kaduru helps women in Uganda increase their incomes from $3 to even $50 per month. His recipe is sustainable passion fruit farming accompanied by capacity building trainings.
Women in the US and the rest of the Western countries hold immense financial resources in their hands, especially when compared with the situation of women in emerging economies. This wealth gives them more chances to give, and to invest in fellow mothers, wives, and sisters in Latin America, Africa or Asia, and give them opportunities to work and make their lives better. Read more about microfinance and the position of privilege American women and how they can help women in developing world in the article by Ashley Dickens in Christianity Today.
Today we are pleased to announce the official launch of the new Mango Fund website. In addition to the new layout and more information on Mango Fund's operations in East Africa, we would like to introduce a few new features:
- “Investors and Donors” - Potential investors and donors will be able to get in touch with Mango Fund officials and receive more information on how to engage in supporting SMEs in East Africa.
- “Apply for Investment” - This feature is dedicated to our potential clients. Here you can get more information on our investment criteria and download the Loan Information Form which introduces yourself and your business to our analyst team.