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Dear Envest Friends,
Welcome to the newly revamped Envest newsletter! This email update will offer a chance to see how your investment in microfinance contributes to the growth and prosperity of hard working people in underserved economies.
We are also delighted to announce that earlier this year Envest’s portfolio has reached $10 million! For over 15 years Envest has stayed true to its belief that reducing poverty is crucial to achieving a socially just and environmentally sustainable world economy. In the Feature Story below Founder and CEO Jon Bishop reflects on some of our humble beginnings, our impact, and our vision for the road ahead.
You are the reason why Envest is able to make a difference in building an inclusive and sustainable economy. We would like to thank you and invite you to an online celebration of Envest reaching a portfolio of $10 million. We hope you can join us.
Thank you for being part of the Envest community.
Envest Team
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In 2007 our team met with Armando Gutierrez, Director of Prestanic in Nicaragua during a trip to explore potential partnerships.
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Our Humble Beginnings
by Jon Bishop
"For those who have been following Envest for a while, you know that it has been a long road to reaching the $10 million milestone. Most microfinance investment vehicles start out with a significant infusion of cash. Envest did not. It started in 2006 at my kitchen table" Read more
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Microfinance investors are the reason why Envest is able to make a difference for women and small entrepreneurs to become a part of an inclusive and sustainable economy.
We would like to thank you and invite you to an online celebration of Envest
reaching a portfolio of $10 million. Join us on Thursday, July 13, 7:00pm
via your calendar invite email or you can register here to participate in the Zoom celebration.
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In the last year Envest has received many investments which allowed for an 18% growth in assets and a 23% growth in portfolio. This means that your investments can have an even greater impact in reducing poverty and inequalities, and add more value to the local communities and the environment.
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Envest's assets and portfolio growth has allowed for greater impact in more countries.
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Put Your Money To Good Work
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Lucy is a single mother of three children in Kenya. Thanks to a loan from her local microfinance organization called VEP Lucy was able to purchase a water tank to harvest the precious rain water.
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Women disproportionately face financial access barriers that prevent them from participating in the economy and improving their lives.
At the average loan size of $700 an investment of $25,000 would provide a loan to 35 end borrowers at VEP in Kenya.
Envest works with 21 microfinance organizations such as VEP in Kenya who promote clean energy. Your investment in microfinance can offer women like Lucy a chance to have access to clean water.
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Envest is currently working with 21 organizations in 12 countries located in Central and South America, Sub-Saharan Africa, Eastern Europe, Central and South Asia.
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