Progress in EU-backed Eastern European Impact Funds
"Small-scale social impact funds established in Armenia, Georgia and Ukraine have built up diverse investment portfolios, offering hope they can scale up further to tackle major local challenges," writes Impact Investor, reflecting on our recent impact report for the EU-funded Collaborate For Impact project.
Pioneering social impact funds established in Armenia, Georgia and Ukraine as part of the EU-backed Collaborate for Impact initiative have made headway, proving resilient and agile in adjusting to testing local conditions, according to Impact Europe, the industry association overseeing the programme.
The five-year initiative to help establish an ecosystem to support impact and social entrepreneurship in a group of eastern European countries with stark social challenges but little history of impact investing, was conceived in a different world from the one in which it has ended up operating. (...)
Read the full article, including a contribution from our Knowledge Expert Nazareth Seferian, via the Impact Investor website: