The Phoenix Fund
Pineapple-growing members of the Asocación Campesinos para el Desarollo Agropecuario Sechaj, or ACDAS, a self-help agricultural cooperative of indigenous farmers who live in the lowlands near where Alta Verapaz, Guatemala touches Mexico. Photo: Nathan Golon for Mercy Corps
Across the developing world, communities are emerging from conflict, oppression and natural disasters. One key to successful, lasting recovery is economic development. Small businesses, including farmers, have the quickest recovery potential, but are often not included in initial large agency grants.
The Phoenix Fund gathers private seed capital to start-up projects in some of the world's poorest countries. It is designed to encourage high-risk high-reward ventures in communities recovering from war or social upheaval. Large foundations and government agencies are often less willing to support these kinds of urgent and innovative programs.
The Phoenix Fund Story ›
We know from our own experience that creating economic opportunity is the most effective way to stop violence and poverty. And that is why the Phoenix Fund exists: to help impoverished people find sustainable ways to end poverty.
Progress Reports ›
Included in the latest progress report, covering January–June 2009, are summaries of seven current projects, including a brief introduction to a project launched in Pakistan in the Spring.
How the Fund Works ›
Mercy Corps' Country Directors submit proposals to the Phoenix Fund, which are evaluated by Mercy Corps staff and advisors with extensive experience in economic development and business.
Current Projects ›
To date, the Phoenix Fund has granted over $750,000. Currently, seven projects are making a difference in India, Nepal, Ethiopia, Liberia, Zimbabwe, Bosnia & Herzegovina and Kyrgyzstan.
Success Stories ›
Stories and news articles demonstrating how the Phoenix Fund catalyzes economic opportunity.
Advisory Committee ›
The Phoenix Fund Advisory Committee is comprised of successful businesspeople with extensive experience in economic development and business. They provide strategic direction and hands-on help as appropriate.
Donate to Phoenix Fund ›
The Phoenix Fund is dedicated exclusively to start-up projects. We request a minimum charitable donation of $10,000 to build sufficient capital for rapid response and minimum bureaucracy.
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