ONCE, I asked a class full of aspiring social entrepreneurs — all with business plans and ambitions to start nonprofits — how many of them were looking forward to fund-raising. Exactly zero hands went up.
Founder Jossy Onwude, who is currently studying at Mham College of Medicine in Cebu City, the Philippines, decided to take the site non-profit because most of the investors he met were mainly focused on their potential financial return. “But for us, we are not in the same page as we don’t care about how much we could make with this.”
IFMR Capital’s Chief Executive Officer Kshama Fernandes, said, there is a strong shared sense of purpose between LeapFrog Investments and IFMR Capital about our approach towards sustainably promoting financial inclusion.
The objective of the Safety Net Systems for the Poorest Project for Bangladesh is to improve the equity, efficiency and transparency of major social safety net programs to benefit the poorest households. The proposed project includes three components: (i) support to five safety net programs by financing a portion of program costs in line with progress against a set of Disbursement Linked Indicators; (ii) strengthening of Ministry of Disaster Management and Relief (MoDMR) program administration and transparency; and (iii) development of the Bangladesh Poverty Database.
Costa Rica has become a world leader in agricultural and forestry practices that help reduce global warming by reducing carbon output — but the real winners are ranchers and farmers who say environmentally sound practices save them money and benefit their livestock, their crops and their livelihoods.
Social enterprise is a budding sector: a third of social enterprises in the UK are three years old or younger. Also, with an average financial backing of £58,000, social businesses tend to operate with limited funding. How does this affect the ability of the sector to deliver social impact, in comparison to corporate social responsibility schemes which have substantial financial backing?
A vacant lot in Washington, D.C., that currently contains nothing but some trash and rusted buses will soon be turned into the world’s largest urban greenhouse.
The first thing to know is that the Omidyars have kept the vast bulk of their fortune under their private control, as opposed to endowing a giant foundation. The Omidyars have actually developed three major charitable organizations: the Omidyar Network Fund, HopeLabs, and Humanity United, to say nothing of the major personal contributions they’ve made directly to a number of other organizations.
Strong economic growth in developing countries became an engine for the global economy after the 2008-09 financial crisis, accounting for roughly 50 percent of all global growth. We need to attract private sector investment that creates jobs. Ninety percent of all jobs in the developing world are created by the private sector. We need the private sector to flourish, even in the poorest countries.
The company’s factory in Ethiopia is the first shoe maker to be third-party certified by the organization Fair Trade USA.
The company was started by Tal Dehtiar, a Canadian entrepreneur with a background in non-profit work. Dehtiar felt that there was a gap in conventional aid, and set about trying to create a company that could provide living wages in a developing economy and more transparency for consumers.