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09.16.10 | Taking Action! BostonGGV Overview

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Invested in Impact

GGV’s “three golden threads”:

1. Impact focused on the “base of the pyramid”

2. Risk adjusted financial returns

3. Catalytic in attracting additional capital

Brief History

2000: Philanthropic activity in microfinance

2003: Investment in microfinance funds

2006: Direct investment “beyond microfinance”Information and communications technology (ICT)Education

2009: First Light Incubator

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Investment by Area

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20.00

40.00

60.00

80.00

100.00

120.00

140.00

2002 2003 2004 2005 2006 2007 2008 2009 2010

mm

USD Miscelaneous

Incubator

Beyond MF

Microfinance

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Invested in Financial Inclusion

15 microfinance funds 100+ MFIs 9.5 million clients

Tracking toward high-teens returns Anchor investor in various funds

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Invested in Access

Mobile banking to over 1mm unbanked 1.6mm users in a mobile marketplace Improved lighting for 1mm people Positive credit score for 300k rentersTarget of > 20% IRR Early BoP technology fund

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Invested in Education

148 schools financed 112k students in ISFC financed schools 12k enrollment increase 335 new teaching positions

Projected >20% IRR First school finance company for BoP

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GGV Forward Focus

Address the gaps between capital, need and opportunity

1. Demonstration of returns and impact

2. Seed capital for pre-proof-of-concept ideas needed

3. Mobilize third party capital