NewswireToday - /newswire/ -
Los Angeles, CA, United States, 2012/07/17 - Faith Might, a boutique venture firm, has made its first investment on the continent with its recent investment in UMPG, an agriculture company based in Uganda - FaithMightFX.com.
Faith Might is pleased to announce its first investment as a venture fund in Uganda Medicinal Growers (UMPG). This investment of 6.1 million shillings will be used to bolster company operations and help establish the company's social business platform to reach local farmers. Faith Might was formed in 2010 and is led by founding principal, Lydia Idem.
Lydia Idem Finkley is a recognized foreign exchange trader who has been featured in Forbes Magazine and CNNMoney. Her current investment in BlackTree Enterprises, Inc. has seen BlackTree TV skyrocket to be one of YouTube premier partners with over 500 million views. By adding UMPG to its portfolio, Faith Might shifts focus to companies beyond its borders.
"We are very proud to invest in UMPG. The company's social business emphasis and growth in Uganda's agribusiness sector is in line with our focus on supporting and cultivating businesses with local impact in pan-African communities," says Lydia.
Social businesses use entrepreneurial principles to organize, create and manage a venture to achieve a desired social change. The social entrepreneur measures positive returns to society in addition to profit and return. Faith Might focuses on ventures that impact pan-African communities by investing in their entrepreneurs.
About Faith Might, LLC
Faith Might (faithmight.com) is a fund focused on early-stage, pan-African businesses. Its founding principal, Lydia Idem Finkley, started the fund to invest in African people creating economic opportunities in African communities. With a pan-African view, Faith Might investments have an international reach. Current portfolio includes BlackTree TV and UMPG.
About Uganda Medicinal Growers, Limited (UMPG)
Uganda Medicinal Growers, Limited (umpgltd.com) engages in commercial growing, harvesting, and processing of the moringa tree into its various product lines sold throughout the world. UMPG provides key access for farmers to knowledge and resources to access local and international markets with its outgrowers program. As a social business, UMPG has the potential to lift thousands of farmers from the poverty of subsistence farming and impact multiple support industries throughout the region. UMPG currently does business in Masindi, Nebi & Hoima, Uganda.