A social enterprise utilizes a combination of for-profit and non-profit based models for improving society. Rather than depend on charitable donations, it relies on the income earned from sales or services. And it reinvests its income to maintain long-term financial sustainability.
Bad Girl Ventures supports female-owned small businesses throughout Ohio. Since its launch, BGV has been successful in educating over 520 female entrepreneurs and awarding $565,000 in loans throughout the state. Last month BGV graduated its ninth class of finalists in Cincinnati and announced the programs winner and runner-up.
It’s time to check in with Cincinnati’s serial entrepreneur. Candace Klein, founder of Bad Girl Ventures and SoMoLend, talks with Mark Perzel about these two organizations, their tremendous growth, and plans for further expansion.