Livelihood Impact Fund
The Livelihood Impact Fund (LIF) was launched in July 2014 by Unitus Impact to invest in early stage scalable companies that work to increase incomes and improve the livelihoods of low-income communities in Southeast Asia and India. LIF typically invests between US$500,000 and US$2 million into scalable companies that focus on supply chain solutions, agribusiness, innovative distribution platforms, financial inclusion, and micro-franchising opportunities.
These investments provide under-served consumers with products and services that improve livelihoods while generating strong financial returns for the Fund’s investors. The Fund aims to assess its social impact by improving incomes among beneficiaries and customers of its portfolio companies. Further, the Fund aims to demonstrate that increasing incomes of the poor is an investment thesis capable of attracting private investors. LIF’s investment horizon is 10 years and investors receive quarterly reports including Fund financials, Fund valuation, and social impact metrics.
The Livelihood Impact Fund (LIF) is managed by Unitus Impact, a venture capital firm with offices in Jakarta, Hanoi, Bangalore, and San Francisco.
Unitus Impact is led by Managing Partners Geoff Woolley, Lee FitzGerald, and Beau Seil. Geoff Woolley has more than 25 years of traditional venture capital experience and has been a leading impact investor since 2000.
Employment, Training & Participation, Income and financial inclusion.
Southeast Asia (Indonesia, Philippines, Vietnam) and India.
Investors include Christian Super (Australia), the eBay Foundation, the Rockefeller Foundation, and the US Government’s Development Finance Institution the Overseas Private Investment Corporation (OPIC).
To date, LIF has made investments totalling US$14 million into 12 portfolio companies located in India, Indonesia, Vietnam, and the Philippines. Select examples of investments made by the Fund include:
- Big Tree Farms is a vertically integrated supply chain company working with smallholder farmers in Indonesia to produce organic coconut sweeteners, coconut water concentrate, and cacao.
- Kinara Capital provides debt capital to micro and small business in India through an innovative supply-chain financing model without requiring any land or property collateral.
- Jana Care is building mobile diagnostics and behaviour change programs for the screening and management of chronic disease.
LIF makes investments in early stage companies that link underserved populations to formal markets, build innovative supply chain or distribution platforms, and/or provide underserved consumers with products and services that improve their lives. Such investments provide, low income communities opportunities for economic growth and stability to which they would otherwise not have access, allowing LIF to generate real and measurable development impact. LIF reports on social impact metrics including number of livelihoods improved and increase in income.
The Fund pursues top tier financial and social returns.