what we stand for
IIG aims to close the microbusiness gap in the southeast Michigan community.
By providing short-term debt investments, pro-bono consulting services, and a robust resource network to entrepreneurs, we aim to support entrepreneurs that face inequitable access to capital.
We also strive to motivate, empower, and educate undergraduate students about Impact Investing. With a strong emphasis on professional development, our members are exposed to business and impact with first-hand experience and learning opportunities.
what is it & why is it important
There is a severely unequal distribution of microbusinesses around the country. ZIP codes with the highest poverty rates average 31.5% fewer microbusinesses per capita. High-risk communities often lack the local financial and social resources needed for entrepreneurial success, "robbing communities of the benefits of the ideas and efforts of thousands of promising entrepreneurs" - Stanford Innovation Social Review
Supporting microbusinesses is a crucial aspect of community development and growth. Here are some reasons why microbusinesses are important:
Responsible for 65-90% of job creation
Provide products + services tailored to locals
Occupy vacant storefronts and provide meeting spaces
Stimulate inflow of community services
Welcome to the official website for the Impact Investing Group (IIG) at the University of Michigan! Our Club was founded in the fall of 2017 with the goal of sparking conversations around impact investing at UM. Since then, we have grown tremendously and pride ourselves on creating a welcoming community and maintaining an unwavering focus on our mission. Thank you for taking the time to visit our website and learn more about our organization.
The mission of the Impact Investing Group is to educate, inspire, and develop undergraduate students to become future leaders in impact investing. We want to show students through first hand experiences that making a positive impact can be synonymous with strong financial returns and a long-term career to pursue. We have done this through our Impact Microfinance Fund, which provides affordable microloans to entrepreneurs who face a capital barrier, consulting for these entrepreneurs as well as numerous PE & VC funds, researching the micro-business gap in Wayne and Washtenaw county and creating a quantitative impact measurement tool for small businesses, publishing industry impact investment reports for Kresge Library, and organizing impact investing symposiums.
As the first club I joined at Michigan, being a part of the growth in IIG has been one of the most rewarding experiences in college for me. Over the last five semesters, IIG has enabled me to develop my professional skills and build meaningful relationships with small businesses and community organizations. IIG has given me my passion project, many memories to cherish, and has solidified my long-term career plan in impact investing.
If you would like to learn more about our club or how you can join our community, please feel free to contact me at firstname.lastname@example.org. Thank you for your time and have a great day!
- Neha Allathur, President, Class of 2022