IMPACT

Scouting The Sweet Spot Between Purpose And Profit

02/15/2013 11:58 am ET

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.

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