Full Traction
South Carolina
Small Business Funding for Village Launch Program Participants
Village Launch Catalytic Fund
Advised by Mill Village Ministries (a 501(c) (3) organization), the Village Launch fund makes right-fit loans to select graduates of its entrepreneurial training programs. A volunteer advisory committee helps guide investment selection and accountability.
Upstate, South Carolina
Fund Location
Village Launch
Fund Advisor
About This Fund
Village Launch exists to equip under-resourced entrepreneurs to become providers, creators, and producers in their own communities. Programs include a start-up bootcamp, an entrepreneur academy, and a market featuring Village Launch graduates.
A common challenge among under-resourced entrepreneurs is access to funding for starting their businesses. A Village Launch Catalytic Fund (VLCF) has been established at Abundance, allowing you to use venture philanthropy to make flexible small-business loans to select graduates of the Village Launch training programs. The VLCF is advised by Village Launch and an appointed screening committee comprised of staff and program advisors.
Diversified Portfolio
Spread risk across 12+ investments in multiple geographies
Greater Scale
Pool resources to fund larger, more transformative projects
Shared Due Diligence
Leverage professional investment analysis and oversight
Co-Investment Options
Choose to invest more in specific projects you connect with
Fund Details
Fund Advisor
Village Launch
Advisor's Website
villagelaunch.org
Fund Location
Upstate, South Carolina
Fund Status
open
Aligned Impact Pillars
Community Development & Infrastructure
Economic Mobility & Financial Inclusion, Education, Food & Agriculture, Health & Well-Being
Economic Mobility & Financial Inclusion
Portfolio Investments
Aligned Impact Pillars: Economic Mobility & Financial Inclusion, Education, Food & Agriculture, Health & Well-Being
How to Contribute
1
Open a Fund
Open a donor-advised fund at Abundance (if new to us!) called an Angel Fund.
2
Donate to Your Fund
Donate to your Angel Fund to cover your desired investment amount and any applicable ongoing admin fees (see Terms & Conditions). Donations may be in the form of new, tax-deductible charitable gifts or grants from other donor-advised funds or foundations.
3
Recommend Your Fund
Recommend that your Angel Fund be used to invest in the pooled VLCF across all qualifying companies.
4
VLCF Directs Loans
As the VLCF advisor, Village Launch (with guidance from its appointed screening committee) will direct loans that meet Abundance’s impact-focused compliance.
5
Funds Deployed
Abundance executes and monitors placement, aggregates and distributes the funds, carries VLCF loans on its books, and manages all compliance in partnership with Village Launch.
6
Recycle Returns
Any returns to the pooled VLCF are shared proportionately among individual Angel Funds and are available for further venture philanthropy or grantmaking. Angels also have the option of keeping their “share” in the VLCF.