Good woman launches venture capital fund
NDAMA NAKASHOLE
Windhoek entrepreneur Ujama Mushimba this week launched a funding option that targets women entrepreneurs.
Dubbed ‘Good Women Good Business’ the fund says it is driven by the values of a woman for women who are willing to take a step to disrupt the industries.
The fund is committed to investing in entities that have functioning business models at different levels offering a diversification framework of funding arrangements in the venture capital space.
Speaking at the launch on Wednesday, Charmaine Nyandoro , the fund manager of Good Women Good Business Startup Fund, said their approach is equity-based funding.
“In other words we give funding for a portion of equity in your business.”
She said that the defining concept is the fact that they will be active in the business daily operations by this taking the risk that comes with growth entrepreneurship.
She added that they will bring highly qualified experts in all the business departments such as marketing, finance, operations and leadership to ensure sustainability.
The fund’s exit strategy is clear from the onset, as they will always give the proprietor right of first refusal to buy back their equity at a value to be determined by buyer and seller, according to Nyandoro.
“The other option is where we bring in a private equity partner to take over our portion of the equity,” she said.
The minimum investment value is N$250 000.
The fund will invest in all sectors with the exception of mining, agriculture and construction which “due to the exposure associated with these sectors but we may reconsider at a later stage.”
INSPIRATION
According to Mushimba, who is also the founder and managing director, the story of Good Women Good Business started off as an idea she had a few years ago, when she was starting out in her journey as an entrepreneur, and faced challenges.
“So, my contribution to the younger generation was to say that I will be the support I didn’t have when I was starting out,” she said.
Mushimba added that they classify a good woman as someone who lives by and is grounded by the principles of the authentic African heritage in the spirit of togetherness.
“We also encourage women to generate income using their God given gifts and talents to make a difference in themselves, for their families and to their communities.”
“We added the venture capital fund as a response to the funding challenge we faced when we were starting our ventures. The thinking was why not mobilise funding to entrepreneurs who are in the growth phase of their business but aren’t able to secure capital due to various factors,” she said.
Windhoek entrepreneur Ujama Mushimba this week launched a funding option that targets women entrepreneurs.
Dubbed ‘Good Women Good Business’ the fund says it is driven by the values of a woman for women who are willing to take a step to disrupt the industries.
The fund is committed to investing in entities that have functioning business models at different levels offering a diversification framework of funding arrangements in the venture capital space.
Speaking at the launch on Wednesday, Charmaine Nyandoro , the fund manager of Good Women Good Business Startup Fund, said their approach is equity-based funding.
“In other words we give funding for a portion of equity in your business.”
She said that the defining concept is the fact that they will be active in the business daily operations by this taking the risk that comes with growth entrepreneurship.
She added that they will bring highly qualified experts in all the business departments such as marketing, finance, operations and leadership to ensure sustainability.
The fund’s exit strategy is clear from the onset, as they will always give the proprietor right of first refusal to buy back their equity at a value to be determined by buyer and seller, according to Nyandoro.
“The other option is where we bring in a private equity partner to take over our portion of the equity,” she said.
The minimum investment value is N$250 000.
The fund will invest in all sectors with the exception of mining, agriculture and construction which “due to the exposure associated with these sectors but we may reconsider at a later stage.”
INSPIRATION
According to Mushimba, who is also the founder and managing director, the story of Good Women Good Business started off as an idea she had a few years ago, when she was starting out in her journey as an entrepreneur, and faced challenges.
“So, my contribution to the younger generation was to say that I will be the support I didn’t have when I was starting out,” she said.
Mushimba added that they classify a good woman as someone who lives by and is grounded by the principles of the authentic African heritage in the spirit of togetherness.
“We also encourage women to generate income using their God given gifts and talents to make a difference in themselves, for their families and to their communities.”
“We added the venture capital fund as a response to the funding challenge we faced when we were starting our ventures. The thinking was why not mobilise funding to entrepreneurs who are in the growth phase of their business but aren’t able to secure capital due to various factors,” she said.
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