Eha Impact Ventures Inc
Mission
eha Impact Ventures is a philanthropic impact investing enterprise that supports early stage, high-impact, women led businesses in Africa. Unlike traditional business financing, we offer flexible and innovative financing paired with high-quality, local, shared business resources to ensure business growth and success.
Ruling year
2022
CEO/Co-Founder
Evelyn Castle
Co Principal Officer
Adam Thompson
Main address
1209 N Orange St
Wilmington, DE 19801 USA
EIN
86-2911430
NTEE code
International Economic Development (Q32)
IRS filing requirement
This organization is required to file an IRS Form 990 or 990-EZ.
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Communication
Programs and results
What we aim to solve
Data shows that women makeup 58% of the self-employed population yet in 2021, female founders received less than 1% of total funding to African startups. However, women founders consistently outperform their male counterparts by generating a 35% higher return on investment. This funding inequality is one of the greatest impediments to development in Africa. At eha Impact Ventures, we don’t just support women-owned businesses, we support female led companies contributing their quota to bettering the lives of thousands of people. Our work serves as a lifeline to women led companies that are traditionally considered high-risk thereby finding conventional funding corridors closed to them. There is no limit to what these companies can achieve if given access to funding to establish, grow or scale their businesses.
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
The Daya Fund
The Daya Fund aims to raise $100,000 to invest in 3-5 women founded companies. This like all our projects is sector agnostic meaning there is no restriction on the types of businesses that can be funded as long as they meet all other stipulated criteria. In addition, the founders will be enrolled in our mentorship programme to assist them identify and solve the top 1-3 problem areas in their businesses. They will be paired with suitable mentors to achieve this.
Where we work
Awards
Africa Impact leader 2022
Africa Venture Philanthropy Alliance
Affiliations & memberships
Member of Rising Tide Africa Network 2022
External reviews
Photos
Videos
Our results
How does this organization measure their results? It's a hard question but an important one.
Gender wage equity
This metric is no longer tracked.Totals By Year
Population(s) Served
Women, Self-employed people
Type of Metric
Context - describing the issue we work on
Direction of Success
Increasing
Context Notes
This is our custom added metric to measure the attainment of gender parity by our investee companies. The figures shared are in respect of Male and Female medical doctors. Wage parity was achieved.
Our Sustainable Development Goals
Learn more about Sustainable Development Goals.
Goals & Strategy
Learn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
Our major goals at eha Impact Ventures are:
1. Empowering Women Leaders
2. Supporting local enterprise
3. Being Leaders in the Impact Investment Community
What are the organization's key strategies for making this happen?
We hope to accomplish
1. Empowering Women Leaders, by;
a. Organizing a mentorship programme to assist our female founders in their top 1-3 identified challenge areas on their entrepreneurial journeys. This Programme also aims to assist make them investment ready.
b. Supporting selected founders to attend leadership trainings which will better equip them with relevant skills.
c. Partner with relevant feminist organizations dedicated to building tomorrow's leaders
2. Supporting local enterprise by;
a. Raising $300k dollars in funding to be invested in women founded companies by direct investment
b. Facilitating funding for female founders by partnering with grant making groups and assisting in the development of grant applications.
c. Assisting with relevant non-monetary support by curating a catalogue of business resources to support start-ups
3. Being Leaders in the Impact Investment Community by;
a. Producing high-quality impact reports on all resources utilized and activities undertaken
b. Developing relevant impact metrics for the women founded companies
c. Becoming a Board Member of recognized impact investment group.
d. Collaborating with Women owned Business Impact Groups
What are the organization's capabilities for doing this?
What have they accomplished so far and what's next?
We measure our progress by our goals:
1. Empowering Women Leaders
a. Mentorship programme successfully developed.
b. We have developed partnerships with several relevant feminist/women-focused organizations.
2. Supporting local enterprise
a. We have raised over $5million in funding.
b. We have invested over $3million in women founded companies .We are currently raising $100,000 to be invested in 3-5 women owned companies
c. Successfully facilitated a DAF grant to one of our investee companies
d. Development of our business resources/ catalogue is underway
3. Being Leaders in the Impact Investment Community
a. Our 2022 Annual Impact Report was featured by GIIN
b. We developed relevant impact metrics for each of our investee companies. The metrics were based on the IRIS classification.
c. We have partnered with several Impact Investing groups including the Global Impact Investing Network(GIIN), Impact Investors Foundation(IIF) and Impact Investing Ghana.
d. We also collaborate with several women business impact focused groups .
How we listen
Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.
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How is your organization using feedback from the people you serve?
To inform the development of new programs/projects, To strengthen relationships with the people we serve, To understand people's needs and how we can help them achieve their goals
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Which of the following feedback practices does your organization routinely carry out?
We act on the feedback we receive
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What challenges does the organization face when collecting feedback?
We don't have any major challenges to collecting feedback
Financials
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Operations
The people, governance practices, and partners that make the organization tick.
Connect with nonprofit leaders
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Connect with nonprofit leaders
SubscribeBuild relationships with key people who manage and lead nonprofit organizations with GuideStar Pro. Try a low commitment monthly plan today.
- Analyze a variety of pre-calculated financial metrics
- Access beautifully interactive analysis and comparison tools
- Compare nonprofit financials to similar organizations
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Eha Impact Ventures Inc
Board of directorsas of 06/20/2023
Evelyn Castle
Adam Thompson
EHA Clinics
Board leadership practices
GuideStar worked with BoardSource, the national leader in nonprofit board leadership and governance, to create this section.
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Board orientation and education
Does the board conduct a formal orientation for new board members and require all board members to sign a written agreement regarding their roles, responsibilities, and expectations? Not applicable -
CEO oversight
Has the board conducted a formal, written assessment of the chief executive within the past year ? Not applicable -
Ethics and transparency
Have the board and senior staff reviewed the conflict-of-interest policy and completed and signed disclosure statements in the past year? Yes -
Board composition
Does the board ensure an inclusive board member recruitment process that results in diversity of thought and leadership? Not applicable -
Board performance
Has the board conducted a formal, written self-assessment of its performance within the past three years? Not applicable
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
The organization's co-leader identifies as:
Race & ethnicity
Gender identity
Sexual orientation
No data
Disability
We do not display disability information for organizations with fewer than 15 staff.
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