Today represents a major milestone as the Microlumbia Fund has channeled money for the first time into actual entrepreneurs in the developing world. We have started with a modest $500 in Kiva's website but we expect that quantity to grow and grow.
So far we have lent money to a doctor in Kenya, a Dresser in Afghanistan, a Cosmetics Salesperson in Cambodia, a Grocery Store owner in Azerbaijan and a Retailer in Kenya. We're also making progress in other fronts but it is still too early, hopefully we will report on that sometime soon!
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Microlumbia is the student-run impact investment fund at Columbia Business School. We were founded in 2007 and are incorporated as outdoor event jackets a 501(c)(3) non-profit organization. We support financial inclusion in underserved communities around the world, while educating and inspiring the next generation of impact investors.
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