Tag Archives: Prosperity Candle

Action Learning Refreshed

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Every year, SEID fosters productive collaborations between MIT Sloan students and new ventures in emerging markets as part of our action learning projects. Teams of 3-4 MBA students spend the fall semester working with these organizations to solve important str

ategic challenges they are facing. In the spirit of the MIT motto, Mens et Manus, MBA students get an amazing opportunity to apply the theories from the classroom to have real impact on the ground.

This year, SEID has organized 8 projects for MBA students to immerse themselves in. Each project is an entrepreneurial venture with operations on the ground in a developing country. Our projects are spread throughout the world in Tanzania, Iraq, Ghana, India, Liberia and Nicaragua and cut across a whole range of industries.

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Prosperity through Entrepreneurship in Iraq

Prosperity Candle celebrates women as a global force for peace and prosperity. The company partners with women entrepreneurs in places of conflict and natural disaster, like Iraq, who are excited to start their own businesses producing distinctive candles for local and international markets.

Candles are the right product and enterprise for a woman working from the safety of her home – an important consideration where there is conflict and unrest. In addition, the product appeals to consumers around the world, and making it must offer a woman the opportunity to grow a successful business. Prosperity Candle’s focus is on how women can earn more than a living wage, and provide employment for others. Candle-making is a highly scalable craft that requires incremental investments in low-cost equipment. It is a business that can begin in the safety of a home, then easily be expanded to employ dozens of people. Candles enjoy large local and international markets, are wonderful gifts, and play a central role in countless traditions and gatherings throughout the world.

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