A new multibillion-dollar investment revolution is being led by this woman
Peris Bosire and Rita Kimani should by all rights have had venture capitalists knocking down their door. Computer science graduates of a top university, they have a growing fintech start-up with a product that could reach 50 million people. Oh, and their idea could help feed the world, or at least a continent.
But there are a couple of problems: They are women, and they are in Kenya, which most of the world's venture capitalists see as risky. Hardly any venture capital flows to women anywhere.
"It's hard to convince a male CEO of a bank to listen to you," said Bosire, whose company, which lends money to farmers, is called FarmDrive. "People say, 'OK, the two young girls are coming,' and not in a nice way."
The tide is beginning to turn, however. Money is pouring into a new kind of investment strategy — impact investing — aimed at finding and reaching companies like Bosire's, with ideas that could help solve some of the world's most intractable problems.
www.cnbc.com
Read More
0 comments:
Join the Conversation