Management of a Microfinance Investment Fund: Alitheia Capital has joined forces with Goodwell Investments, Netherlands  and JCS Investments, Ghana in a unique venture to support commercially-oriented microfinance enterprises in West Africa. Via a fresh venture capital approach and in-depth collaboration with investees, the Goodwell Alitheia Microfinance Fund marks the first region-focused microfinance investment vehicle for West Africa.  Interested microfinance enterprises should click here (link to GWAMDC Brief) to learn more.  To submit information about your organization to the MFI database for opportunity analysis, fill this datasheet (link to GWAMDC MFI Database excel sheet) and send it to microfinance@thealitheia.com

News: Pagatech receives institutional investment from Goodwell West Africa

Management of a Clean Energy wholesale facility: Alitheia Capital has partnered with a leading energy company in Nigeria to provide an innovative means of delivering clean cooking fuel to low income households nationwide. By utilizing wholesale funding to select microfinance institutions in Nigeria for distributor and consumer financing for the retailing and acquisition of LPG fuels and cookstoves, the initiative aims to promote clean energy and reduce dependence on dirty fuels including wood, kerosene, and charcoal. The resulting social and environmental impact expected include an increase in the household income of micro-retailers at the Base of the Pyramid, a reduction in health risks and deaths related to indoor air pollution, a reduction of deforestation (a worrisome problem as Nigeria is reported to have one of the worst deforestation rates in the world), and a reduction of black carbon emission, the second most important contributor to global warming.

Management of a Micro-Home loans wholesale facility:  An estimated 23 million households in Nigeria require some form of housing finance for home acquisition and/or improvements.  Alitheia Micro Home Facility (AMHF) is a debt facility that provides capital to select microfinance institutions (MFIs) for further on‐lending to enable economically active low income households, to finance home maintenance, completion, and extension projects. In addition to access to finance, AMHF provides technical assistance to MFIs to enable the effective administration of the micro‐housing loans. Expected impact as a result of AMHF include the rejuvenation of urban slum areas, which plays a part in reducing crime and increasing health and educational opportunities in the affected areas.  In addition, construction activity related to the initiative is expected to involve 500,000 man days of work and NGN 1.7bn (USD 11.5mn) in wages and profit to SMEs.

Empowerment of Small and Growing Businesses through access to financiers and mentors: Despite potential, the Nigerian Small and Growing Enterprises (SGB) sector represents a marginalized part of the total economy. Persistent high-impact barriers keep the sector from fulfilling its cornerstone function in Nigeria; unlike in other countries where SGBs play key role in economic growth and development. Via its Entrepreneurs Ecosystem initiative (EE), Alitheia Capital is leveraging its experience in supporting and financing SGBs to develop sustainable Nigerian entrepreneur support network. The EE aims to increase local entrepreneurs’ access to networking, mentoring and financing via an innovative web platform, and a number of offline activities including monthly coffee mornings, workshops, and seminars. 
 
News: BusinessDay Coverage on the EE Sponsored Seminar with John Mullins, London Business School Professor of Entrepreneurship

Development of rural schools infrastructure: Alitheia Capital, through a partnership with Impact Building System (IBS), is currently rolling out 600 classrooms (200 blocks) with sanitary facilities across Kwara State. The contract is the first phase of the Kwara Sate Government’s Education Sector Reform. Alitheia worked with its partners to develop the building components factory that provides pre-fabricated panels for the development of the schools’ infrastructure and affordable worth. The project has created numerous jobs and is spurring the development of an industry around the installation of the school infrastructure.

Figure 3 – 4 show installation process

Figure 5 – 6 show installed classroom blocks