Our Impact: Helping Impact Enterprises to Impact More Lives
IEs offer a means to tackle some of the world’s most pressing social and environmental problems at scale, thereby impacting and empowering the marginalized people. Currently most IEs operate on a small scale, but many have the potential to expand and bring about greater social benefit.
ACTS is about supporting these IEs to raise capital and thereby increase their impact on the lives of poor and marginalized people.
East Bali Cashews
East Bali Cashews (EBC) is Bali’s first large-scale, environmentally friendly cashew processing facility. It provides employment to women in villages who had never had jobs. American entrepreneur Aaron Fishman founded EBC after witnessing an opportunity for villagers to process and package locally grown cashews in Bali rather than export the nuts overseas for production.
In 2013, EBC partnered with Impact Investment Exchange, IIX Foundation, formerly Shujog, and leading global investment firm Kohlberg Kravis Roberts & Co. (KKR) to enhance its financial model and quantify its social impact. Through the collaboration, EBC was able to create a comprehensive business plan and develop a path to increase annual production from 200 tons of cashews to 600 tons. Additional marketing materials and financial projections allowed the company’s management to communicate EBC’s business plan to global investors. This enabled EBC to raise $900,000 within three months, enabling EBC to triple the size of its warehouse, build a second processing factory and create nearly 200 new jobs for villagers.
EBC is now opening an early learning center that offers the children of the village a first-time chance at pre-elementary school education and gives the women employed at EBC an opportunity to continue their work without concern for child care.
Click here to download a short case study on the East Bali Cashews project.