Our borrowers have been approved by our 11-member investment committee. All borrowers demonstrated dire need for emergency cash infusions, but had a strong history of impact on a large number of beneficiaries. The loan from the Truss Fund allows them to continue delivering their impact through the crisis and beyond.
GLOBAL REACH, FOCUSED IN AFRICA AND THE CARIBBEAN
LRTT improves learning outcomes by connecting low-resource teachers in poor communities in Asia, Africa, and the Caribbean, with high-resource teachers primarily from the UK, US, and Australia in a mutually empowering teacher development program. Referred to as LRTT Fellows, high-resource teachers spend their summers to co-facilitate the programs on-location in the poor communities. They pay LRTT a fee for an opportunity to do so with the aim of extending their impact and developing their own teaching practice. In 2019, LRTT hosted 457 Fellows engaging over 1,400 low-resource teachers and affecting learning outcomes for over 60,000 students.
The National Union of Coffee agribusinesses and farm Enterprises (NUCAFE) is an umbrella of national coffee farmers organizations founded in 1995 as a limited company by guarantee without share capital. NUCAFE has grown and evolved as a vibrant private- sector-led farmer organization formed to serve and position farmers in the liberalized coffee value chain in Uganda. The company operates a globally proven business model, the Farmer Ownership Model that enables coffee-farming families for the first time to own a valuable form of value-added coffee that improves their household incomes by over 30 percent per kg.
iKure is a for-profit social enterprise that provides primary health care and prevention services to rural populations in India by bringing accessible and affordable services with the qualified health care workforce within a distance of three miles away. The company operates community pop-up clinics and healthcare camps in addition to developing innovative diagnostic technologies.
iKure operates 9 primary healthcare clinics (hubs), 6 mini-clinics, and 160 active intervention areas (spokes). Their health network provides coverage to 4,000 villages and 8 million people led by over 540 community health workers (CHW) whom iKure empowers and provides training. iKure has cumulatively treated around 900,000 patients.
Emerging Cooking Solutions Zambia (ECS) provides clean energy solutions to rural and un-electrified households of Zambia. It distributes solar lights and biomass-fueled cookstoves through a Pay-As-You-Go (PAYGO) model. In addition, it sells cookstoves at cost-recovery, with margins earned in the recurring sale of bio-pellets used as the stoves’ fuel. This affordable payment scheme pioneered the use of a significantly more cost-effective and environmentally-friendly alternative to charcoal in Zambia.
Pollinate Energy trains and empowers local entrepreneurs to establish sustainable micro-businesses that provide life-changing products-like solar lights, water filters, and solar fans-to India's urban slums. This provides employment opportunities for locals, while improving quality of life in slum communities.
A major impact goal of Pollinate is to break the cycle of poverty. Customers experience long-term cash savings and increased revenues. Of equal importance is Pollinate’s work to empower women through training and education, the “Suryamukhi” program. The Pollinate model is to train women within these slum communities with entrepreneurial skills so that they can sell the solar products and other equipment to customers in their communities back home.
Deevabits Green Energy (DGE) distributes off-grid solar technology to help meet the basic lighting needs of underserved rural communities across Kenya. They sell portable solar lamps, multi-room lighting systems, phone charging, radio, and TV through an affordable Pay-as-you-Go (PAYGO) model. The solar lamps repay themselves within a year by reducing the costs of kerosene usage. DGE’s advantage lies in their ability to distribute to remote areas that aren’t accessible or economically feasible for most competitors to serve.
Over the last 3 years, DGE has delivered impact across 4 lines:
Easy Solar is a last-mile solar home system distribution company that uses the Pay-As-You-Go (PAYGO) model to finance sales to low-income rural households in West Africa. Easy Solar operates primarily in Sierra Leone, has recently expanded to Liberia, and hopes to expand to Guinea in the future.
Easy Solar’s market typically lives below $3.10/day, and faces difficulty accessing financing prior to their purchase. To provide their customers access to their products, Easy Solar blends PAYGO and a tiered sales model to establish credit history and provide customers access to goods that were previously unaffordable.