IGNIA Fund is an impact investing firm that provides venture capital to social enterprises serving the base of the socio-economic pyramid in Latin America. Micel provides post-paid mobile phone services to the unbanked in Mexico, serving poor and low-income people who otherwise must pay for more expensive pre-paid services. IGNIA Fund's early stage equity investment enabled Micel to rapidly expand its customer base and support that expansion with technology upgrades.
About the Global Impact Investing Network
The Global Impact Investing Network is a nonprofit organization dedicated to increasing the scale and effectiveness of impact investing around the world. Impact investments are investments made with the intention to generate positive, measurable social and environmental impact alongside a financial return.