Billion Dollar Market

Open Road Impact Fund

A Sustainable Model for Impact

As Open Road’s portfolio, market presence, and purpose were given top billing, Open Road prepared to scale its model in a new way. In March 2020, Open Road launched the Impact Fund. The Impact Fund remains the only impact investing fund focused on providing short-term bridge loans to impact-first companies. And it is the first Open Road fund that is open to outside investors, inviting impact investors from around the world to take part.

From installing solar mini-grids in DRC to increasing financial inclusion for the emerging middle class in Colombia, the Open Road Impact Fund’s loans accelerate the growth of companies addressing the world’s greatest challenges during crucial moments of incoming investment and scale. But the need for this type of financing is still growing.

 

Managing Director Video

Open Road Impact Fund's Launch & Future

Managing Director Video

Open Road Impact Fund's Launch & Future

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Exponential Impact

Billion Dollar Market Gap

As of today, Open Road has disbursed $50+ million in bridge loans. Over the next three years, we expect to disburse an additional $50 million in loans. Collectively, this will keep $900+ million of impact on track.

January 2022

2023 - 2025

December 2025

Stories of Impact

Our Borrowers Speak

The Open Road Impact Fund’s understanding of impact is unique; it is shaped by urgency and growth rather than our own agenda. This distributed, system-wide approach means the impact we keep on track ranges from educating millions of children to raising millions of dollars for a Series A.

The world’s largest mini-grid company in Africa and Asia.

1As a fast-growing social enterprise, can you share a key condition that contributed to your growth and impact?

Solving energy poverty requires an ecosystem approach that involves many things. But if I had to pick one key element that has propelled Husk Power forward, it is our people. We're only as good as the people who make up Husk, and we are blessed with a team that has immense passion and dedication for the Husk mission -- catalyzing economic and social opportunity.

2Anything that impact investors can do better to support social ventures as they scale their growth and impact?

Take more risk. Addressing hard-to-solve development issues in regions that are inherently risky requires being comfortable with risk, including providing guarantees in case of failure. Yet we often see social impact investors shy away from risk. If we want to achieve SDG7, we need a new mindset of greater risk appetite.

3Piece of advice can you give for impact entrepreneurs scaling their businesses and creating impact?

Always question your assumptions and prepare to have at least one pivot. Also, make sure you start with a business model that can scale, even if it means reaching more marginal communities on a longer time horizon than you'd like.

4What do you wish for Open Road’s next 10 years?

I hope you can provide critical support to social enterprises like Husk on a greater scale and a faster timeline. The clock is ticking, and we can't wipe out poverty without the Open Roads of the world.

5Anything else you want to share?

So often, social impact starts and ends in one country or region, and lessons and knowledge from one location are not transferred to another. The wheel is reinvented, and the opportunity for speed and scale are lost. Husk started in the world's largest rural minigrid market in India, and we're now using our decade of experience to scale in the second-largest market, Nigeria. I'm very proud of the teamwork and partner support that has made that possible.

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The industry leader in cost-effective and reliable solar power providing solar farms to businesses in West and East Africa.

1As a fast-growing company, can you share a key condition that contributed to your growth and impact?

In our business, rapid change is the only constant, so access to agile sources of funding is a key condition for REDAVIA's growth and impact.

2What can impact investors do better to support ventures like yours as they scale their growth and impact?

With our customers and market context changing rapidly all the time, high-impact companies like REDAVIA need reliable, agile, and truly supportive funding partners.

3What piece of advice can you give for entrepreneurs that are scaling their businesses and creating impact?

Starting and scaling an impact venture in frontier markets is both very challenging and very rewarding! Remember that your purpose is your superpower: Your impact focus helps you transcend setbacks, dig a little deeper, and ultimately overcome the challenges you face.

4What do you wish for Open Road’s next 10 years?

Open Road has been a key partner enabling REDAVIA's growth and impact to date. I wish for Open Road to scale its support while staying true to its essential values of being agile, on the side of impact, and there when needed most.

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One of the fastest-growing quality-focused education companies in Africa.

1As a fast-growing social enterprise, can you share a key condition that contributed to your growth and impact?

Early on, we built our culture around the idea that "however well we do, we always try to do better." That's helped us a lot, on the bad days as well as the good.

2Is there anything that impact investors can do better to support social ventures as they scale their growth and impact?

Especially with earlier stage funders, there is still a tendency to emphasize whizzy ideas and novelty over the team, track record, and execution.

3What piece of advice can you give for impact entrepreneurs that are scaling their businesses and creating impact?

Get really good at hiring - both the who, obviously, but also the why and especially the when. The right time is later than you think because it's easy to think you know what you need when you don't.

4What do you wish for Open Road’s next 10 years?

We have found Open Road's processes to be really best-in-class. Without losing your distinctive niche, it would be great over the next 10 years to see how that same approach could be applied to other instruments and a bigger pool of beneficiaries.

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Our Impact in Action

BORROWER TESTIMONIALS

Loans: By the Numbers

Fast, Flexible, Funding

From installing mini-grids in frontier markets in West Africa to addressing the challenges of financial inclusion for the emerging middle class in Colombia, Open Road loans are designed to ensure that companies addressing the world’s greatest challenges like climate change and inequality continue to scale during crucial moments of growth.

$51M+

Loans

112

Organizations

$600M+

Impact Kept on Track