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 promote undergraduate students to become future leaders in impact investing. We want to show students through first hand experiences that making a positive, long-lasting impact can be synonymous with strong financial returns and a long-term career to pursue. We have accomplished this through three primary initiatives— first is our Impact Microfinance Fund, which provides affordable microloans to local entrepreneurs who face capital barriers. We then support these entrepreneurs with consulting services to help them further expand their businesses. Our research branch also works to explore the micro-business gap in Wayne and Washtenaw county areas and creates tools to quantitatively measure impact and sustainability for small businesses, publishing industry impact investment reports for Kresge Library and organizing impact investing symposiums.
Joining IIG has been one of the most valuable and worthwhile experiences throughout my time in college. This organization has provided me with the opportunity to create real, meaningful relationships with entrepreneurs and small businesses in the local community. It has equipped me with the resources and mechanisms to grow professionally and personally while creating cherished memories with other individuals within the club. And most importantly, this organization has empowered me to identify sustainable, impact-driven solutions wherever I go.
If you would like to learn more about our club or how you can join our community, please feel free to contact me at email@example.com. We hope to see you get involved soon!
Rashmita Gandhe | President, Class of 2023