Huffpost Impact

Scouting The Sweet Spot Between Purpose And Profit

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SCOUTING PROFIT PURPOSE
In this 2009 image provided by Charity: Water, Scott Harrison walks in a field in the northern region of Tigray in Ethiopia in 2009, as he visits a water project completed by local partner, Relief Society of Tigray. Harrison's organization has funded nearly 7,000 clean water projects in some of the poorest areas of the world. He wanted to add sensors to the wells to give donors more assurances about the projects. But raising millions of dollars for the innovation was a problem. Google stepped in | AP

At 59, becoming a “scout” for social impact halfway around the world was the last thing on Steve Hoberg’s mind. Having left business school 35 years ago, and more recently having sold his profitable windows manufacturing concern in New Mexico, Hoberg knew he had to make a quantum leap not to repeat the conventional, albeit successful, path he had mapped in building his first career. He opted out of board memberships with nonprofits and foundations, wanting to reinvent himself. Eventually, Hoberg applied for the Frontier Market Scouts program, and became one of the 30 scouts in the FMS class of 2012.

Jointly developed and managed by the Monterey Institute of International Studies (a graduate school of Middlebury College), Sanghata Global and Village Capital, the Frontier Market Scouts program turns compassionate and capable professionals into investment managers in capital-starved regions and sectors of the world. Their mission is to unlock economic opportunity by supporting and scaling the efforts of enterprising individuals in poverty-stricken societies, while gaining career-defining and life-changing experiences at the rich intersection of ideas, people and places between purpose and profit.

Read the whole story at Forbes