Arsenault Family Foundation

Description: The Arsenault Family Foundation (AFF) funded the first investment pool that Shuraako has managed. AFF was established by Marcel Arsenault (OEF Founder) and his family to offer Program Related Investments (PRIs). The goal of the Fund was to deploy risk capital in the Somali region to create jobs and build a responsible private sector. The AFF fund was instrumental in proving Shuraako’s model and was a springboard for launching the Nordic Horn of Africa Opportunities Fund.

Duration: 5 years
Number of investments: 94
Current status: Closed

Jobs:
Total permanent jobs created: 670
Total aggregate jobs: 2,364;
Total permanent jobs: 1,651;
Total temporary jobs: 713;
Total female employees: 607;
Total youth employees: 1,608