MyClo is a new social enterprise bringing high quality American fashion to disrupt the headwear industry. As a college sophomore doing research on micro-finance in a small village in Honduras co-founder, Niranjan Kumar, saw first hand the major impact that micro-loans had for small businesses. He came back to the US dreaming of different ways to create a similar impact. After graduating from UC Berkeley with a degree in Economics and Public Policy, he teamed up with his good friend Devan Anderson, a Menswear Designer & accomplished Digital Strategist, to create MyClo. Founded on the principles of entrepreneurship, MyClo is an American made headwear company that purpose a $10 microloan for every item sold to entrepreneurs within the United States. In alliance with their nonprofit partner Kiva, they have already supported 11 Entrepreneurs and are ready to exponentially increase their impact in 2016.
1: When someone asks you what your company is, how do you explain it to them?
MyClo is an American made headwear company that supports entrepreneurship. Our hats are made from hand selected fabrics, crafted in the US with attention to detail. For every product sold, we provide microloans for small businesses all over the US through our non profit partner Kiva. The Mission: To inspire and light the fire of entrepreneurship in everyone. #FundtheHustle
2: What has been the most exciting thing about starting your social enterprise?
The most exciting thing about starting MyClo has been the relationships we have created in both the fashion and social entrepreneurship spectrum. Meeting people who share the same ideals and goals within both spaces has been amazing — We’ve realized there is a huge market of individuals who care about the mission of this brand.
3: What is the greatest struggle you face running a social enterprise?
The greatest struggle tends to be balancing the message for your respective customer base — We want to ensure we don’t alienate those who may be invested in the fashion aspect, and those on the other side who may be interested in the social good aspect. Crafting content and messaging that is always true and authentic to your brand is difficult, but also exhilarating.
