Manager of Collaborate for Impact Program at Impact Hub Yerevan. The "Collaborate for Impact" project builds the social investment ecosystem and social entrepreneurship capacity in the Eastern Partnership countries, towards a more sustainable and inclusive society.
Impact and Finance Manager at Impact Hub Yerevan. Leads an investment process and manages the portfolio of VIA Fund - the first impact investment fund for social enterprises in Armenia established with the funding of the EU and managed by Impact Hub Yerevan
About The Client
Impact Hub Yerevan is a non-profit that has supported over a hundred diverse social impact projects across Armenia with 20+ incubation and acceleration programs. With over 350 members, it's part of a global network of Impact Hubs, inviting individuals, businesses, and organisations to join in Armenia's positive evolution.
Impact Hub Yerevan shines as a force for change in Armenia. It is a project partner in the “Collaborate for Impact” (CFI) project, an EU-funded social entrepreneurship support project led by the European Venture Philanthropy Association (EVPA) and implemented in the Eastern Partnership countries from 2020 to 2025. As a part of the CFI project, Impact Hub Yerevan has launched the VIA Fund - the first impact investment fund for social enterprises in Armenia.
“Social entrepreneurship and impact investing are still emerging in Armenia. I often experience that upskilling is essential for the ecosystem to grow and become more mature.”
In this context, Impact Hub Yerevan took the Structuring Hybrid Impact Investment and Impact Measurement Training with Efiko Academy. They did this to internalise skills and gain pioneering knowledge about how investment deals can be structured, to more effectively support social businesses and learn how impact can be better measured and managed. Impact Hub Yerevan believes that these are critical skills to successfully boost the social entrepreneurship ecosystem in Armenia.
Diana Chobanyan, the Program Manager of the CFI project in Armenia, and Olga Maksimova, the Impact and Investments Manager of VIA Fund respectively undertook the Impact Measurement and Structuring Hybrid Impact Investment training on Efiko Academy.
"The training I followed is designed like how proper training should be, starting from the fundamentals and slowly building your way up. The live interactions in between allowed me to discuss with the trainer how the learnings can be applied in our home market. This combination was very helpful."
Advancing on Impact Measurement
Diana holds that the impact measurement training she received was incredibly beneficial for her work in engaging stakeholders. “With the knowledge and methods I gained from the course, I feel better prepared to conduct surveys and collect valuable input from stakeholders. These newfound insights deeply impacted my approach to how we collect and analyse impact data within the frames of the CFI project.”
"As a social entrepreneur, I would say it's really important to be systemic in your work and to dedicate enough time when you start to define your impact logic, your Theory of Change. You’ll benefit a lot from it when you start managing your impact with limited resources."
Broadening VIA Fund’s Innovative Finance Toolkit
In her role as the Impact and Investments Manager at VIA Fund, Olga embarked on the Structuring Hybrid Impact Investment Training. She did this to gain a better understanding of the different impact investing strategies and instruments to effectively advance VIA Fund's mission. The training helped her to make the first round of investments in the Fund more meaningful.
"Even though I had heard of innovative financing instruments, it’s interesting to see how social impact bonds, SIINCs, and mezzanine financing can be used in practice through concrete examples. This was highly relevant to avoid making the same mistakes."
"I would definitely recommend the course to others who want to learn about innovative financing and impact investing. I really enjoyed the hybrid approach of self-paced content and live sessions."
Check out these courses
Impact Measurement: Applying the Principles of Social Value and SROI
Structuring Hybrid Impact Investments