How blended capital can help entrepreneurs make it through the missing middle

///How blended capital can help entrepreneurs make it through the missing middle

How blended capital can help entrepreneurs make it through the missing middle

Alloysius Attah started Farmerline, a social enterprise in Ghana that connects small scale farmers with information, services, and markets, with just $600 in prize money from a mobile app competition.

Since then, he has found that he needs to travel outside of Ghana to attract the capital he needs to scale up his operations.

When Attah was selected for Echoing Green, an organization that provides seed stage funding and support to global social entrepreneurs, he gained vital access to a network of funders. Now that his company has expanded to 11 countries, and earned $1 million in revenue, he is working to raise $1.5 million to scale to more countries and reach more farmers. Attah finds himself in what is often described as the missing middle, in which entrepreneurs who are just beyond the seed stage lack the medium- to long-term financing they need to keep on growing.

Read more at Devex

2018-02-09T03:57:51+00:00 Tags: |