Women Entrepreneurs Focus of New Collaboration Between Agora Partnerships and The Eleos Foundation

Agora Class of ’11 entrepreneur Aida Mayorga is the owner of Oscarito’s, a children’s clothing store based outside Managua, Nicaragua.

Agora Partnerships, a Washington, D.C.- and Managua-based nonprofit dedicated to accelerating the growth of early-stage, impact companies throughout Latin America, today announced a partnership with The Eleos Foundation that will unleash the potential of women in Latin America through the power of entrepreneurship.

The Agora-Eleos LatAm Women’s Fund, a collaboration between the two organizations, will provide gender-lens investing opportunities for early-stage impact investors to accelerate the success of women-run companies, as well as those that support the empowerment of women and girls, in Latin America.

“The Agora-Eleos LatAm Women’s Fund embodies the very heart of the Agora mission,” said Agora Partnerships CEO and Founder Ben Powell. “Leveraging the power of the market to create an environment ripe for social entrepreneurship gets at the core of what we do. And with a special focus on providing gender-lens investment opportunities, the fund with Eleos creates a special kind of economic and social force that will positively impact communities for years to come.”

Agora Partnerships, through its Impact Accelerator, surfaces high-potential

An employee of Kiej de los Bosques, an Agora Class of ’11 company run by Maria Pacheco of Guatemala.

entrepreneurs seeking to create impact and then provides them with the strategic consulting, mentoring, leadership development, and a community of peers. The Eleos Foundation, working with Agora, conducts due diligence on companies in the Accelerator that meet its investment criteria and then assumes the role of lead investor in those companies in which it decides to invest. Individual and institutional investors are given the opportunity to co-invest in selected deals through individual series LLCs set up by Eleos Investment Management LLC. The structure of this partnership fills a critical need for both entrepreneurs and investors.

Those interested in learning more about Agora Partnerships, the Eleos Foundation, or the Agora-Eleos LatAm Women’s Fund should contact Becky Bailey (bbailey@agorapartnerships.org) or Karla Newendorp (karlanewendorp@theeleosfoundation.com).

About Agora Partnerships

Agora Partnerships is an early pioneer of the impact-investing and -entrepreneurship movement, with a core focus on supporting ventures at the seed and early stages. Launched in 2005 as an alliance between entrepreneurs from both Nicaragua and Columbia Business School, Agora created the first impact-investment fund of its kind in the region, trained thousands of small-business entrepreneurs in Nicaragua and has helped drive approximately $5 million into more than 40 small businesses across Central America. Today, through its Accelerator program, Agora is committed to creating a pipeline of small-business entrepreneurs (between about $50,000 and $1 million in revenues) from across Latin America: entrepreneurs who are ready, willing, and able to build a more sustainable and successful economy. Agora’s mission is to unleash their potential and the potential of business’ new role in solving our common challenges.

Visit our website at www.agorapartnerships.org, follow us on Twitter @AgoraPrtnrships, and like us on Facebook at www.facebook.com/AgoraPartnerships.

About The Eleos Foundation

The Eleos Foundation and Eleos Investment Management LLC, invest in and partner with social entrepreneurs who effectively implement high impact, early stage, pioneering market based solutions in the fight to eradicate extreme poverty. Eleos provides opportunities for co-investors to invest in funds at the forefront of pioneering markets. Eleos also develops and facilitates partnerships with social entrepreneurs, negotiates alongside them, and empowers them to get to scale and attract the necessary capital investment.

To learn more visit www.theeleosfoundation.com.

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