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FINCA Awards $400,000 to 12 Social Entrepreneurs Battling Poverty in Africa
Twelve African entrepreneurs were celebrated for their innovative solutions to poverty during the inaugural FINCA Ventures Prize Competition.
Funded by generous donors, the competition awarded a total of $400,000 in grants to support social enterprises across Sub-Saharan Africa.
FINCA Ventures, the investment arm of FINCA International, a leader in global poverty eradication for 40 years, organized the competition.
The initiative aimed to empower social entrepreneurs tackling critical issues in the region, including healthcare access, agricultural development, financial inclusion, and the protection of vulnerable groups.
Winners addressed challenges like improving value for local farmers (Rio Fish), bridging healthcare gaps (Bena Care, CheckUps, OneHealth), and combating the exploitation of female fish traders (Rio Fish).
“We are thrilled to support these inspiring changemakers who are driving positive social impact across Africa,” said a spokesperson for FINCA Ventures.
“Their dedication to improving lives aligns perfectly with FINCA’s mission of eradicating poverty.”
Award Breakdown
- First Place (US$70,000 each): Angela Odero (Rio Fish), Ashley Speyer (US partner of Kazi Yetu), Naom Monari (Bena Care), Sona Shah (Co-founder of Neopenda)
- Second Place (US$20,000 each): Baobaby, CheckUps, Sprout, Technovera/Pelebox
- Third Place (US$10,000 each): Emergency Response Africa, Koolbox, OneHealth, Sommalife
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