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Progress Reports


Cardamom processing in Nepal. Photo: Joni Kabana for Mercy Corps

Semi-Annual Progress Report, January–June 2009

The Phoenix Fund is a social entrepreneurship fund focused on creating economic opportunity in the world's poorest countries. Through seed capital grants and loans, the Phoenix Fund makes strategic investments to implement economic development projects led by local entrepreneurs. These types of unproven and innovative programs often encounter difficulty attracting funds from large foundations and government agencies. Phoenix Fund is a market-driven, business-minded approach to creating sustainable small businesses and open marketplaces that are at the core of any successful community. Phoenix Fund is designed to deliver the proof positive that is required for second stage funding, essential for scalability.

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.

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Mercy Corps exists to alleviate suffering, poverty and oppression by helping people build secure, productive and just communities.

Over the last five years, we've allocated more than 89% of our resources directly to programs. America's premier charity evaluator gives Mercy Corps four stars in organizational efficiency. Click here to learn more.

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