Social Venture Fund

The Global Partnerships/Eleos Social Venture Fund (SVF) is an impact-led fund investing in early-stage social enterprises to expand opportunity for people living in poverty in East Africa. The fund was created to address the “pioneer gap” by supporting early stage social enterprises with a combination of investment capital and advisory support.


svf pie
  • What We Look For– We invest in strong and capable founding teams with experience in the geography/ industry and a long term commitment to achieving impact and serving the BOP. We also look at unique value proposition, scalability, traction and funding plan.  

  • Focus Sectors & Geography– We invest in Education, Energy, Health, Water, Sanitation and Rural Livelihoods across four countries in East Africa: Kenya, Rwanda, Tanzania and Uganda.  

  • Funding Strategy– The fund provides seed capital of $50-100K, with the ability to provide follow-on funding of ~$500K in each subsequent round of financing. In addition to financing, SVF provides advisory support and specific technical assistance, where required. 


 svf eneza

Eneza Education lever-ages low-cost mobile phones to deliver afford-able and interactive study content. Their goal is for millions of students in Africa to learn more effectively and efficiently. 

 svf paygo

PayGo Energy is a distri­bution service that harnesses the power of pay-as-you-go-tech­nol­ogy to bring an affordable and uninter­rupted supply of clean cooking fuel to homes in East Africa.

 svf penda

Penda Health looks to transform healthcare in Kenya by building a network of out-patient health clinics that offer evidence-based medical care, pre­ventive care and an unpar­alleled patient experi­ence at affordable rates.

 svf sanergy

Sanergy aims to perma­nently reduce sanitation-related disease among residents of Africa’s informal settlements by making sanitation afford-able, accessible, and sustainable. 



Jim Villanueva
Managing Director - Social Venture Fund


Jim is a longtime entrepreneur and investor in growth companies. Before joining Global Partnerships, he led the development of the impact investment portfolio at the Eleos Foundation as their Executive Director and a founding board member. Over the course of his career with several private equity partnerships, Jim invested in multiple industries across North and South America. He co-founded and sold a Spanish-language media company and a national Hispanic marketing and public relations firm. Jim holds an MBA degree from the Stanford Graduate School of Business, and graduated with honors from Harvard College.


Karishma Menon
Portfolio Director - Social Venture Fund


Karishma joined Global Partnerships in October, 2016 and is based in Nairobi, Kenya. As Portfolio Director, she is responsible for sourcing, analyzing and, executing investments into early-stage businesses as well as providing post-investment support to SVF’s portfolio companies. Prior to joining GP, Karishma spent 4.5 years with Intellecap. She worked on impact transactions in India, then transitioned to, and later led, the Intellecap Impact Investment Network (“I3N”) in East Africa. Prior to joining Intellecap, Karishma worked as an Analyst in Ernst & Young’s Advisory Services group in Mumbai, India. She has a degree in Economics (with honors) from Shri Ram College of Commerce in Delhi.


Tara Murphy Forde
VP, Impact & Strategic Initiatives


Tara leads GP’s efforts to define, measure, and strengthen the impact of its investments. In this capacity she oversees the qualitative and quantitative methods, tools, and processes used to identify high impact opportunities and cultivate learnings from the existing portfolio. Prior to her role on the Impact and Research team, Tara spent five years on GP’s Social Investment Team where she was responsible for the monitoring and evaluation of Fund performance. As a Fulbright Scholar, Tara researched the gender-differentiated effects of the armed conflict in Colombia and was part of a start-up tackling the socio-economic reintegration of displaced families. In addition to her time in Colombia, Tara has lived and studied in Cuba and Northern Ireland. Tara holds a B.A. in political science from Vassar College and a certificate in executive leadership from the Albers School of Business at Seattle University.



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