Saturday, October 21, 2017

kiva loan to build space for entrepreneurs

Large KIVA loan - $35,000.
mpact Hub Accra is a locally owned and internationally connected entrepreneurship development and innovation center that supports small businesses, creates new jobs and opportunities, and promotes solutions to relevant socio-environmental challenges in Ghana, through entrepreneurship.

Impact Hub Accra was created in 2013 and supports over 250-member entrepreneurs and small businesses in Ghana. It is part of the Global Impact Hub Network of entrepreneurship and innovation centers, communities, and services present in more than 100 cities and 50 countries. Support to entrepreneurs is three-fold: (1) Workspace and infrastructure; (2) Curated events; (3) Business incubation/acceleration and access to capital training and support.

One member of Impact Hub Accra is Randy Caiquo, who founded web platform Crowdfrica after witnessing the death of his brother, simply because his family couldn't afford the hospital fees. enables anyone around the world to donate directly to fund health insurance or healthcare for people in need. In 2016 Crowdfrica joined MEDspace, an early-stage incubator at Impact Hub Accra. So far Crowdfrica has funded life-changing healthcare for over 260 people. 

Impact Hub Accra now wants to bring its impact to the next level by implementing a new solar power system for stable backup electricity as well as invest in workspace improvements (ergonomic furniture and ventilation) to enable productivity gains for Ghanaian entrepreneurs.

This loan is special because:

It finances the creation of spaces and resources to support entrepreneurs.

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