Introduction
Indigo is a radical proposal to develop a micro-private equity fund whose source of capital comes from profits generated by a remittances service business initially targeted toward the US Mexican diaspora. Inspired by the pioneering company Working Assets, the remittances service provides a sustainable business model that allows the Indigo fund to invest in microfinance institutions and small and medium size enterprises and take more risks in this underserved market.
Our belief is that diaspora are an underutilized resource for fighting global poverty. Remittances are one of the tangible touch points by which the diasporas stay connected to their extended families and communities in their home countries. At present, remittances are used for meeting basic family needs – food, clothing, education, basic healthcare. However, if looked at through a different lens, these funds are also a form of micro-investment, a form of extremely informal small scale angel capital. The purpose of Indigo is to amplify and augment these angel investments through an aggregated investment fund that is built indirectly by remittance fees paid by the poor that in turn invests in them.
Technorati Profile
Margarita,
Really was a pleasure talk with you, also your interesting answers for the interview.
americamigrante@yahoo.com is my e-mail address.
Office telephone: 415-648-1045.
Thanks for your help and advices.
I will apreciatte if you send me the information contac of Alex Mendoza.
Regards.
Francisco.
Posted by: Francisco Barradas | June 26, 2007 at 03:35 PM