Navigating funding route for social impact startups

Kenya’s diaspora remittances have continued to grow with projections indicating a new record high for 2023. FILE PHOTO | POOL

Marian Wright Edelman said, “In trying to make a big difference, don’t ignore the small daily differences we can make.” Small but targeted differences have the potential to create a huge impact. According to Good Finance, social impact is the effect on people and communities that happens as a result of an action or inaction, an activity, project, programme or policy.

Social impact startups operate uniquely, aiming to drive positive change in society and the environment, prioritising more than just financial returns for investors. In the realm of social impact startups, key questions often revolve around achieving financial viability while maintaining sustainability.

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Note: The results are not exact but very close to the actual.