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Somali businesses struggle during the Minneapolis ICE crackdown PoliticoSomalis Fled Civil War and Built a Community. Now They Are a Target. The New York TimesInside the Somali-Led Resistance to Trump's Assault on Minneapolis The InterceptUS trashed Somalia, can we really scold its people for coming here? Responsible StatecraftOregon Somali community speaks out on state of fear amid ICE raids in M
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BV Investment Partners, a private equity firm focused on the tech-enabled business services, software and IT services sectors, has soared past its Fund XII target to reach a more than $2.4bn hard cap close. The new fund is about 40% larger than the $1.75bn Boston-based BV collected for its predecessor fund in 2023. Never miss […]
The post BV beats Fund XII target with $2.4bn hard cap close, 40% up on Fund XI total appeared first on AltAssets Private Equity News.
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The impact investing platform, Kiva (www.kiva.org), was designed to do just that. A U.S. non-profit that has lent over $1.7 billion to small businesses and individuals, Kiva investors crowdfund loans to entrepreneurs who often lack access to banking services. Loans typically cover the cost of buying a machine to increase food or textile production, supplies for expanding a small general store, or seeds for farmers.
Kiva was originally designed to benefit people in low-income countries but expanded to the U.S. in 2011. That means you can invest in a weaving coop of Indigenous women in Guatemala, or a mother of five in Atlanta hoping to expand her beauty products business.
The most important question is whether Kiva delivers positive impact and high-quality loans. The organization certainly engages in best practices for its industry. Kiva has garnered the highest rating (four out of four stars) from Charity Navigator. Kiva partners with grassroots organizations that often provide financial literacy and other services, helping borrowers avoid over-indebtedness. And Kiva carefully vets these partners. Many loans are also matched by foundations or banks.
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Determining the actual benefit of impact loans is tricky though; most impact investment firms point to their default rates and partner quality. Determining how many borrowers have improved their income, health, or education i
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