The recently launched Impact Fund ‘Actio’ in Georgia has started off well, securing already investments from two investors in the first couple of weeks of its existence. With one investor being a private person, Mr. Nikoloz Alavidze, and the other a Georgian microfinance organisation, Actio has ensured and investment of $50,000.
Actio empowers social enterprises and supports scaling up their business as well as social impact. For the next 5 years, Actio aims at supporting the empowerment of 10 social enterprises having sustainable business models, which create tangible impact in the spheres of work integration, environment protection and preservation of cultural heritage.
Read more about the launch of the fund here and see how it was in our gallery below.