The Network announced three new investment deals facilitated through their Working Capital Facility to provide financial support to three local impact enterprises Magnus Renewable Tech Corp., Agro-Digital PH, and Suds Sustainable Pods to scale their operations.
Impact Pioneers Network recently partnered with Negros Women for Tomorrow Foundation (NWTF), Dungganon Bank, and a local angel investor to unlock growth capital for impact enterprises from various sectors in the Philippines.
The Network also unveiled that early-stage impact enterprises in the Philippines can now apply for loans through the gender-smart working capital loan facility throughout the year.
Impact Pioneers Network (IPN), a first-of-its-kind impact investing network in the country, secured key partnerships with Negros Women for Tomorrow Foundation (NWTF), Dungganon Bank, and an angel investor to provide growth capital to three impact enterprises growth in the Philippines.
Through these collaborations, Magnus Renewable Tech Corp., Agro-Digital PH, and Suds Sustainable Pods, have received collateral-free loans to accelerate their growth. “By unlocking crucial financing to impact enterprises like Magnus Renewable Tech Corp., Agro-Digital PH, and Suds Sustainable Pods, the Network and our partners aim to accelerate sustainable development and empower communities nationwide through innovative solutions,” said Priya Thachadi, Co-founder and CEO of Villgro Philippines, one of the Network’s co-managers.
Magnus Renewable Tech Corp., an enterprise focusing on solar energy solutions based in Negros Oriental, will utilize the working capital provided to increase solar energy access to communities nationwide. "The facility allows us to fund a pilot project which opens up a huge opportunity for Magnus," said Karl Ivan Estadola, CEO and Co-Founder of Magnus Renewable Tech Corp.
These enterprises demonstrate the crucial role of market-driven models in addressing urgent social and climate challenges in the country. “We are excited to support growing enterprises like Agro-Digital and Magnus Renewable as they truly address relevant issues such as enhancing agricultural productivity and clean energy. These enterprises provide real hope in the development of our country,” said Raymond Serios of Dungganon Bank, Inc. & Negros Women for Tomorrow Foundation, Inc. “As a member of the Impact Pioneers Network, we hope to be working with similar enterprises so that we can maximize our reach and ensure that more and more Filipinos benefit from the work of these social enterprises.”
Suds Sustainable Pods, known for its innovative personal hygiene and household cleaning products packaged in water-soluble film, also received a working capital loan from an individual angel investor from the Network to scale up operations and further diversify its product line to lessen plastic pollution. "Their support has allowed us to allocate resources towards optimizing essential business processes that strengthen compliance and operational efficiency. This empowers us to continue expanding our reach and deliver greater value to our stakeholders." said Jean Magboo-Yuzon, Co-Founder of Suds Sustainable Pods.
The Network, alongside its investors, shares its commitment to fostering positive social and environmental change through innovative impact investing approaches.
Impact investing also contributes to economic development. By supporting businesses that create jobs and empower local communities, impact investing helps stimulate economic growth and promote equal opportunities.
The Network emphasizes this crucial pillar with its gender-smart working capital facility that is now open for applications throughout the year to early-stage impact enterprises in the Philippines. This facility will provide collateral-free, short-term loans ranging from PHP 250,000 and upwards to enterprises creating direct social or climate impact, with a focus on supporting businesses owned or led by women.
For more information about Impact Pioneers Network and its partners, please visit www.impactpioneers.ph.
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