Educational Resources Impact Fund at Maycomb Capital closes flexible, mission-aligned loans to increase access to high-quality instructional materials

The Fund’s investors are the Bill & Melinda Gates Foundation, William and Flora Hewlett Foundation, Charles and Lynn Schusterman Family Philanthropies, W.K. Kellogg Foundation and Walton Family Foundation

BALTIMORE, Dec. 7, 2022 /PRNewswire/ — This week at the Mission Investors Exchange National Conference, Maycomb Capital announced the first loans out of a new, flexible, mission-aligned debt vehicle called the Educational Resources Impact Fund (ERIF). ERIF is one of Maycomb Capital’s Custom Strategies and supports nonprofit developers and providers of high-quality instructional materials and aligned supports, particularly those offered as open educational resources. The first two loans were made to

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Fintech start-up closes trade finance gap for small businesses

Greg Karpovsky had a formative experience at university that would inspire the creation of Stenn, an online platform providing working capital to international suppliers. He was studying at Moscow State in the 1990s when Jack Welch, then chair and chief executive of the conglomerate GE, visited to give a lecture.

The young Karpovsky asked Welch what line of business he should consider — markets were rapidly opening up in eastern Europe and he was already a keen entrepreneur.

Welch’s response was to focus on commercial finance. And that set Karpovsky on his journey to creating Stenn.

His first venture, Eurokommerz,

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