The Social Enterprise Fund

Impact­ful invest­ments for the devel­op­ing world

Founded by Pro­fes­sor Den­nis Shaugh­nessy, the Social Enter­prise Fund enables the cre­ation of micro-businesses through impact­ful invest­ments to sup­port small busi­ness own­ers, micro­fi­nance asso­ciates and stu­dent led social ventures.  

In South Africa, North­east­ern University’s Social Enter­prise Fund helped to cre­ate the NU-TSiBA MicroVen­ture Fund which was funded jointly with Deutsche Bank and other pri­vate part­ners. The MicroVen­ture Fund has over half a mil­lion rands in seed fund­ing and micro-investments in town­ship communities.

In the Domini­can Repub­lic, the Social Enter­prise Fund has cre­ated a loan port­fo­lio with over $135,000 in micro­fi­nance loans for almost 500 asso­ciates, help­ing to cre­ate more than 285 new busi­nesses. Our stu­dents have also inter­viewed over 800 bor­row­ers for Esper­anza Inter­na­tional, one of the Latin America’s lead­ing micro­fi­nance insti­tu­tions, result­ing in almost 10% of their active portfolio.

Our stu­dents also engage in ser­vice part­ner­ships to improve the com­mu­ni­ties they work with. In total, our stu­dents have raised over $90,000 through grass­roots ini­tia­tives and fundrais­ing efforts to invest in 12 dif­fer­ent com­mu­nity ini­ti­ated projects through­out Africa and Latin America.