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GroFin - Transforming SGBs in Africa & the Middle East

Posted By Shailen Neewoor, GroFin, Wednesday, June 13, 2018
Updated: Friday, June 15, 2018

Gain a deeper understanding of how GroFin, through its unique investment model in SGBs, is positively transforming small and growing businesses and the local communities they support. The inspiring success stories of its entrepreneurs exemplify the collaborative efforts of GroFin staff, investors, partners and clients. The 2017 GroFin Impact Report, Nomou Impact Report and Aspire Impact Report translates its faith in the power of the collective by asking the question “If not us, who? If not today, when? If not with our finance and support, how will these small businesses grow and succeed?”

2017 GroFin Impact Report

As at end 2017, GroFin has financed 675 small and growing businesses, supported 8,840 entrepreneurs, sustained a total of 86,190 jobs and touched the lives of 430,955 family members in the local communities across our 15 locations of operation in Africa and the Middle East. The report indicates that GroFin has made more investments in its priority sectors of education, healthcare, agribusiness, manufacturing and key services. Furthermore, GroFin invested US$ 60M in nearly 88 new small and growing businesses, with over 50% of the SMEs operating directly in our sectors of focus, sustaining 14,000 total jobs and supporting an additional 72,000 livelihoods. And to reinforce its value proposition of providing 'support beyond finance' the company introduced the GroFin STEP (Success through Effective Partnerships) Programme to support its SMEs and Entrepreneurs.

2017 Nomou Impact Report

The Nomou Programme is a regional initiative in MENA which was co-created by GroFin and Shell Foundation. As a result of the collaborative efforts of its investors, partners and clients, the Nomou programme is contributing to the alleviation of poverty and improvement of livelihoods in the communities where the programme operates, as well as striving to reduce the adverse impact of the humanitarian crisis in the region.

In 2017, the Nomou Programme supported 1,005 entrepreneurs, made investments into 103 SGBs, sustained a total of 10,287 jobs, touched the lives of 51,435 beneficiaries and added economic value of US$ 149 million per annum through its investee SMEs across Egypt, Jordan, Iraq and Oman.

2017 Aspire Impact Report

Since their inception in 2014, the Aspire Small Business Fund (ASBF) and the Aspire Growth Fund (AGF) have sought to promote local entrepreneurship, employment and economic value-add in the Niger Delta. With the Shell Petroleum Development Company of Nigeria Limited (SPDC) as anchor investor, the Aspire Enterprise Development Funds epitomise GroFin, a private development finance institution, and SPDC’s efforts to serve the local community with a combination of investment funds, business skills and market linkages.

In 2017 GroFin increased its commitment to supporting SMEs in the Niger Delta Region by investing in an additional 17 small and growing businesses and extending further funding of US$ 2.5M (140% increase from total amount invested as at end 2016). As at end of 2017, GroFin has supported 365 businesses, invested in 53 SMEs and sustained a total of 1,975 jobs under the Aspire Funds.

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Tags:  2017  A Access to Finance  Access to Finance  Africa  Agriculture  ANDE Africa  ANDE Members  Base of the Pyramid  Business  business training  capacity development  DGGF  East Africa  education  finance  impact  impact investing  impact investing; gender lens investing; gender; w  impact investment  impact measurement  innovation  Investors  Kenya  MENA  missing middle  Philanthropy; impact investing  Private sector development  Rwanda  SDGs  SGB  SGBs  SGBs; accelerators; East Africa  SGBs; Environment; accelerators; energy  SGBs; West Africa; Senegal; Africa; MENA; Entrepre  small and growing agrobusiness  smes  social impact  South Africa  sustainability  sustainable development  Tanzania  Training  Uganda  West Africa 

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SEPTEMBER OPPORTUNITY - STREET BUSINESS SCHOOL

Posted By Amy Yanda-Lee, BeadforLife, Monday, June 4, 2018
 
Street Business School announces it is accepting applications for its transformative workshop that teaches other organizations how to train Street Business School in their communities. 
  • Looking to take social programs for people living in poverty to a whole new level?
  • Do you recognize helping people increase their income would enhance everything you do, but unsure where to begin?
Get certified to train Street Business School, a ready-to-deliver entrepreneurial training program designed for individuals living in poverty. Street Business School is now active in seven countries across Africa, and the results are transformational: 

-211% increase in income (women are going from $1.35/day to $4.19/day)

-89% of graduates have businesses two years later

-15X income increase for those joining SBS earning less than $.65/day

 
Apply to join us this September and participate in an exciting and transformative Immersion Workshop: http://www.streetbusinessschool.org/workshops/

If you know a group who would benefit from adding income generation to their programs, please refer them to us! info@streetbusinessschool.org. 

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Tags:  empowerment  NGOs  Social entrepreneurship  social franchising 

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Upaya Social Ventures Accelerates Agri-Businesses in India to Create Jobs for Ultra Poor

Posted By Devyani Singh, Aspen Institute, Tuesday, May 15, 2018
Updated: Tuesday, May 15, 2018

Upaya Social Ventures Announces Social Enterprises Selected for its Accelerator

11 innovative startups have been selected to join Upaya’s accelerator cohort focused on the agriculture industry in India.

Upaya Social Ventures today announced the 11 companies selected for its second accelerator program, which will target the agribusiness industry in India. The 11 participating companies were selected from a competitive pool of 281 applications by a committee of impact investing, agriculture, and social sector experts. The entrepreneurs represent cities across India and agriculture sub-sectors such as organics, processing and agri-waste.

About Upaya Social Ventures: Upaya creates dignified jobs for the poorest of the poor by building scalable businesses with investment and consulting support. Since 2011, Upaya has supported 14 small and growing businesses in India with investments and expertise. Upaya partners have created nearly 8,000 jobs. With offices in Seattle, Washington and Bangalore, India, Upaya has committed to a goal of helping partners create 15,000 jobs by the end of 2019. For more information about Upaya, visit www.upayasv.org.

Read the press release here (cohort overview attached)

Download File (PDF)

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Tags:  agriculture  india  SGB  upaya 

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GroFin partners with Mastercard Foundation on US$50M youth employment initiative in Rwanda

Posted By Nishika Bajaj, GroFin, Tuesday, May 1, 2018
Updated: Tuesday, May 1, 2018

Kigali: May 1, 2018 – Private development finance institution GroFin has partnered with Mastercard Foundation to extend business development support and catalyse investment to small and growing businesses in the tourism and hospitality sector of Rwanda.

GroFin is joining the Mastercard Foundation’s Hanga Ahazaza initiative, a US $50 million, five-year initiative focused on relieving poverty by increasing employment opportunities for young people while expanding the tourism and hospitality sector in Rwanda.

Hanga Ahazaza, meaning ‘create the future’ in Kinyarwanda, will equip 30,000 young men and women with the skills they need to transition to employment and increase access to financial services and business development skills for small businesses in this thriving sector. The initiative aligns with GroFin’s focus on increasing employment opportunities for youth and women.

“Working together, we will support small businesses in the tourism and hospitality sector and ensure the sector can find qualified young people with the skills needed to be successful employees or entrepreneurs,” says Guido Boysen, CEO of GroFin.

Over the next three years, the GroFin-managed Small and Growing Businesses Fund will invest in 12 small enterprises operating in the tourism and hospitality sector of Rwanda. GroFin will screen and identify 120 small and growing businesses in this sector to provide pre-finance business development assistance. Of these, 12 are expected to go on to qualify for GroFin’s investment and post-finance business support.

These businesses will be chosen based on their potential to impact economically disadvantaged individuals, with focus on small enterprises that employ a substantial proportion of youth and women, as well as those that are owned by women.

Using this approach, GroFin’s activities will sustain a total of 1,200 jobs and support 4,500 livelihoods for economically disadvantaged individuals. Two-thirds of these jobs will be created and sustained for youth and women.

“We look forward to collaborating with GroFin as part of the Hanga Ahazaza initiative” said Rica Rwigamba, Program Manager at the Mastercard Foundation. “Their unique approach to providing a combination of appropriate finance, tailored business support and market linkages will help small businesses in the hospitality and tourism sector reach their full potential and generate more employment and entrepreneurship opportunities for young people.”

Hanga Ahazaza is led by a consortium of partners from the education, development, and private sectors. Working together, they will support small businesses and entrepreneurs in the tourism and hospitality sector through increased access to financial services and training, and by connecting them to young people with the skills needed to be successful employees.

About GroFin

GroFin is a pioneering private development finance institution specialising in the finance and support of small and medium enterprises.

Since its inception in 2004, GroFin has established a wide network of local offices in 15 countries across Africa and the Middle East covering Kenya, Rwanda, Uganda, Tanzania, Nigeria, Ghana, Ivory Coast, Senegal, South Africa, Zambia, Mauritius, Egypt, Oman, Jordan and Iraq.

As at close of 2017, GroFin had undertaken 675 SME investments and sustained 86,191 jobs across healthcare, education, agribusiness, manufacturing, water, energy and waste services, food and accommodation, construction, wholesale and retail, and professional services.

About the Mastercard Foundation

The Mastercard Foundation seeks a world where everyone has the opportunity to learn and prosper. The Foundation’s work is guided by its mission to advance learning and promote financial inclusion for people living in poverty. One of the largest foundations in the world, it works almost exclusively in Africa. It was created in 2006 by Mastercard International and operates independently under the governance of its own Board of Directors. The Foundation is based in Toronto, Canada. For more information and to sign up for the Foundation’s newsletter, please visit www.mastercardfdn.org. Follow the Foundation at @MastercardFdn on Twitter.

Tags:  Access to finance  impact investing  SMEs 

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We are measuring impact BEYOND sustainability. What about you?

Posted By Cecilia Latapí, SVX México, Friday, April 27, 2018
Hello!
 
We want to invite you to join a collaborative effort to define what REGENERATIVE - going beyond sustainability - means in our daily practice and to design the metrics for measuring it. Our aim is to collect as many opinions as possible from regenerative practitioners and others with different perspectives, taking into account as many voices as possible before ReGen18 in early May 2018.
 
In the words of Kevin Jones, co-convenor of ReGen18 and co-founder of SOCAP: "the challenge for regenerative metrics is that we have to find a way for them to add value, instead of being seen as a cost." 
 
The intention of this undertaking is a collaboratively-designed, co-created regenerative tool to provide organizations the capacity to determine the positive and negative impacts of their practices while establishing some common ground on what regeneration means, its sector-specific metrics, and guidance on best practices for generating Regenerative outcomes. 
 
As a first step, we invite you to participate in the following survey: https://goo.gl/forms/Q7tZMLp5fIKRSOIu1 
 
The results of this survey will be made available to all participants and presented during ReGen18 for further discussion and exploration. After the event, we will keep working on the project on a shared platform, aiming to develop our regenerative tool with your participation (the resulting tool will be placed in the public domain under a Creative Commons license).
 
If you are doing something similar, working on ideas that could contribute or are interested in co-creating in this exciting new field of endeavor, we want to hear from you!
 
Thanks for co-creating with us.  We look forward to your contributions.
 
 
- Holly Dublin, Kevin Jones, Cecilia Latapi, Laura Ortiz Montemayor, Shaun Paul @ ReGen18

Tags:  Environment  impact assessment  impact investing  impact investing; gender lens investing; gender; w  Performance Measurement  Private sector development  Risk; Risk Assessment; ANDE Members  study  Survey  sustainability  sustainable development  sustainable energy 

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Webinar: What Does ‘Impact’ Mean to You?

Posted By Mia Haughton, Vera Solutions, Tuesday, April 17, 2018

Live Webinar on Thursday, May 3rd at 10am (BST)

Every nonprofit is working towards making a positive change in some way, be it in the lives of individuals, our communities, or the world we live in. But how do you measure the impact of the good work you do?

Nonprofits who want to increase their mission’s reach need to define what success looks like to them so that they can measure it more effectively. Join us for a live panel discussion where three nonprofit trailblazers from different ends of the spectrum, each with their own unique insights and real-world experience on the topic, will answer the question: what does ‘impact’ mean to you?

Speakers:

Zak Kaufman, Co-Founder & CEO at Vera Solutions
Joanne Trotter, Global Lead, Results and Learning at the Aga Khan Foundation
Amanda Feldman, Director at The Impact Management Project

Don’t miss out, save your seat today >>>

 

Tags:  impact measurement  innovation  Performance Measurement  salesforce  social impact  webinar 

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Social Enterprise Franchising Webinar

Posted By Stage Six, Friday, April 6, 2018
https://www.unh.edu/social-innovation/social-sector-franchising-initiative-webinar-1

Register for this webinar about using franchising to scale SGBs here:  https://www.unh.edu/social-innovation/social-sector-franchising-initiative-webinar-1?platform=hootsuite

 

Social Sector Franchising Initiative 2018 Webinar Series

 

Replication and Scaling for Impact: What are the options?
Does Social Franchising have a competitive advantage?  


 

Image of Family at a Supply Hope MarketWednesday, April 11, 2018 
10:00 a.m.  - 11:00 a.m. (-5 GMT)
Online 

 

 

 

 

In this first webinar of the Social Sector Franchise Initiative 2018 Webinar series we will explore a variety of issues and questions about scaling social enterprises. There is an urgent need to scale promising social enterprises that can meet vital human needs. But are we making headway in identifying the most effective pathways to scale? What do we know about the various options for scaling social enterprises, in terms of their relative abilities to reach significant numbers of customers while holding true to their social mission? Why do many social enterprises fail to scale?  What are the roles of industry facilitators and service providers in enabling scale? We often assume scaling equals replication—what are other routes to scale?

Reaching scale can be challenging and some research says fewer than 1 percent of startups scale. This is due to many factors including: the team and leadership’s ability to manage scale; the enterprise’s business model and technology readiness; fit in new territories; and access to or quality of funding and partnerships.  Organizations often use several strategies, depending on opportunities and geographic differences. Does this complicate scale, or does this help the enterprise adapt in new markets? 

What about social sector franchising as a potential gamechanger for scaling social enterprise? Franchising enables a business to grow exponentially while maintaining standards and achieving economies of scale. Franchising drives economic development by increasing opportunities for jobs and business ownership, and creating pipelines of social enterprises capable achieving higher returns for impact investors.  Franchising   has   an advantage when the business model, technology, and market changes little. It also helps with the uptake of business models by aspiring entrepreneurs. Yet, could there be challenges for franchising when scaling requires more changes?

Bill Maddocks our webinar moderator will explore these issues and more with our four guests who represent a wide range of experience in scaling and replicating social enterprises around the world.

 


 

Webinar Guests:
 

Image of EmmaEmma Colenbrander
Emma is the director of a new initiative at Practical Action that is coordinating a wide range of distribution models to coordinate learning and look for economies of scale. The Global Distributors Collective (GDC) is a partnership-based model that acts as a ‘one stop shop’ for last mile businesses, offering support, information and expertise to overcome the challenges of accessing life-changing technologies. It provides a collective voice for distributors to ensure their voice is heard; drives research and innovation across the sector; facilitates the exchange of information, insight and expertise; and helps pilot, test and scale innovative solutions.

Image of NeilNeal Harrison 
Neal A. Harrison is Associate Director of the Replication Initiative at Miller Center for Social Entrepreneurship. In this role, Neal is focused on scaling-out business models and technologies by developing sector-specific playbooks to spread best practices, as well as supporting entrepreneurs design their scaling strategy. He has over 10 years of experience building start-ups and leading innovation projects in Sub-Saharan Africa, North America, and Europe.

 

Image of DavidDavid Koch 
David Koch is a partner and co-founder of Plave Koch PLC, a boutique law firm focused on franchising, licensing, and branded distribution. He has over 25 years of experience with clients in foodservice, hotels, educational services, entertainment events, veterinary, staffing, car rental, homeowner services, retail, and other industries. His work involves structuring franchise and license programs, supply chain arrangements, private equity investments in franchising, corporate and commercial transactions, regulatory compliance, antitrust counseling, and cross-border expansion.

David holds an adjunct faculty appointment with the International Transactions Clinic at the University of Michigan Law School, his alma mater, and serves in a similar but informal capacity with the International Transactions Clinic at NYU School of Law. He has spoken at numerous franchise legal and business conferences, including programs in Japan, India, Guatemala, Poland, Romania, England and Canada, and he has authored or co-authored more than 40 published articles and conference papers. Before entering private practice, he was an Attorney-Advisor to the Chairman of the U.S. Federal Trade Commission.
 

Image of JulieJulie McBride
Julie is a thought leader in the field of social franchising and was recently named one of “Five Innovative Consultants that are changing the world” in Inc. Magazine.  Julie’s experience using the franchise model to scale social businesses spans 20 years, five continents, and several industries including healthcare, water, sanitation, agribusiness, clean energy, and education.  She was instrumental in designing and operating PSI’s pioneering reproductive health franchise in Pakistan (Green Star) and supported the expansion of social franchises into 27 additional countries.  As a franchise consultant at MSA Worldwide Julie helped social business owners and NGOs design and execute franchise systems.  In her most recent venture as founder and CEO of Stage Six LLC, Julie is building and supporting a portfolio of investment-ready social franchises across a range of sectors and geographies. Her efforts to inform and inspire potential actors in this field have included several high profile speaking engagements and publications.  Julie earned her Masters in Public Health from New York University and her Bachelor of Science from the University of Washington. 

Tags:  replication  scaling  Sector Trends  social enterprise  social entrepreneurship  social franchisingsocial entrepreneurship 

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Risky business: how to de-risk your fintech startup before it’s too late

Posted By Akansha Kasera, Bankable Frontier Associates, Friday, April 6, 2018
Updated: Friday, April 6, 2018

By Maelis Carraro and Elizabeth Davidson

If you’re a fintech entrepreneur, it’s probably not news to you that failure is more likely than success. After all, an estimated 70% of tech startups fail, typically within the first two years after their first round of financing.

Catalyst Fund has been working with inclusive fintech startups, a field that presents unique challenges for entrepreneurs, over the past two years. In many countries, it is a sector that presents more regulatory constraints, limitations as to how companies can handle information, and stringent operational and capital requirements.

Different startups, common risk challenges

Despite working with a wide variety of fintech startups across different geographies and sectors, we have seen some themes emerge on the most common risks that can pose a threat to the success of the business at the early stage. All startups mention they lack the financial and human capital they need to grow their businesses. “Finding funding is a huge burden. The average startup CEO spends 70% of his time fundraising, which remains the number one challenge faced by local startups,” says Yoann Berno of Flowigo.

Finding people with the right skill sets who are willing to give up more secure job alternatives is also big barrier, yet fundamental to raising capital and ensuring smooth execution. “The biggest challenge is getting the team with the right skill set at first, especially when you’re a young company and don’t have a system or protocol for hiring and then you start growing rapidly,” says Destacame’s Jorge Camus. “It then gets challenging to manage the team, train them and really build a culture that allows you to get to your goals.”

Over 70% of our fintech entrepreneurs also noted that not getting to product-market fit is a major challenge they face. They felt they did not have a full understanding of their customers needs to build strong value propositions. Additionally, 40% mentioned they faced technology risks, including lack of accessible data to refine their products, and 33% pointed to specific ecosystem dynamics that might threaten their business ability to scale.

Want to mitigate risks? Start early!
Early identification of key risks can help fintech startups invest in the business support they need early on before a risk takes down the business. These risks can scare off investors, who want to ensure that entrepreneurs understand the key challenges they face. Instead of waiting for entrepreneurs to identify key risks, early stage investors can work with startups to tackle these risks before or in conjunction with their investment.

Catalyst Fund has taken just this approach. By working with our entrepreneurs to identify risks, we can tailor technical assistance to solve these risks so that investors are more confident in the future success of the business.

Taking an honest look at their own key risks can be difficult for entrepreneurs, who may be too deep in the weeds to step back and look at the bigger picture. This is why the Catalyst Fund developed a risk diagnostic to help startup leaders get a better grasp on their challenges, and understand those within or outside of their control. The tool offers a checklist of possible mitigation strategies for the entrepreneur. Here are a few strategies we applied through our technical assistance engagements:

Understand your customer to offer strong value propositions
For Miguel Duhalt at Comunidad 4uno, that meant better understanding what his customers valued most about its product in order to focus on high value customers and tailor their offering. When we first met 4Uno, a financial services distribution platform offering insurance, health benefits and payments services for domestic workers in Mexico, they struggled with picking the right product offering for the right customer segment. After working with them on customer research, we helped them segment their customer base to refine their product offering and marketing strategy. Since then, they tailored product packages for insurance to specific client profiles and also offer salary payment services via an app, which resulted in a growth spurt.

Figuring out the right way to engage with customers is also a challenge for entrepreneurs in these markets and a big risk to the company’s ability to take off. How can a mobile-based startup communicate its value proposition clearly and consistently with a rural customer base when only 50% own phones and only 20% are literate? WorldCover, a platform providing insurance to low-income farmers around the world, used a marketing MVP, or minimal viable product, composed of simple and clear images to cater to the illiterate majority of potential customers. They tested various solutions, from SMS systems to a “microphone man” going to communities to play a recorded message and frequent community meetings. Community meetings, with 95% attendance rates, allowed WorldCover to maintain a human touch with customers. Farmers trusted WorldCover more after more face-to-face interactions because “an impostor wouldn’t show up at your house every week after taking our premium money,” said WorldCover’s CEO, Chris Sheehan.

Build a product vision and roadmap that meets your business needs
On the other hand, PayGo, a pay-as-you-go gas solution in Kenya, realized they were struggling with technology risks. They needed to integrate with a scalable payments solution, track key gas system indicators, and find tools to measure, monitor, and run their field sales team and customer service, yet they did not have the tech skills in the team build the necessary back-end software technology. We worked on designing their product architecture and built a new version of the app they are still using today. “The architecture we built with Catalyst still holds,” says Nick Quintong, PayGo’s CEO. “It was fundamental for a team that doesn’t have software expertise to bring someone in to show us how it can be done with off-the-shelf software modules.” Without these key technology investments early on, PayGo would not be poised for the growth it’s enjoying today.

In Colombia, we helped Escala, a savings fund for corporate employees and their children, with similar challenges. Initially, technology was holding Escala back and preventing them from reaching more clients who could benefit from their services. We worked with Escala to identify and integrate the right tech processes to match their stage and helped them avoid spending important resources on expensive and unnecessary CRM tools. 


“We believe ESCALA Educación’s story proves that a model like CF is very valuable to get a company investment-ready.” 

Escala used their new tech structure to more successfully manage their two sets of clients — companies and their employees — and to raise a seed round, which included members of Catalyst Fund’s Investors Committee such as Accion Venture Lab. “We believe ESCALA Educación’s story proves that a model like CF is very valuable to get a company investment-ready,” said Tahira Dosani, co-managing director of Accion Venture Lab, at the SOCAP conference this year. “ESCALA combines a strong management team and exciting customer acquisition and engagement strategies” says Vikas Raj, co-managing director of Accion Venture Lab.

Get the timing right
Unfortunately, not all risks can be mitigated. For Flowigo CEO Yoann Berno, “timing is everything.” Flowigo, a SaaS company seeking to enhance operations of pay-as-you-go product distributors in Africa, faced timing risks that ultimately backfired. Its markets lacked the client density necessary from them to scale, and key infrastructure issues like connectivity posed an ongoing challenge. SaaS companies like Flowigo need dense networks of businesses to flourish, but in Africa, industries that count more than a few dozen major players are rare. Scaling a SaaS business while addressing 10 to 15 customers is a hard sell. Ultimately, Flowigo succumbed to the timing risk, deciding to pivot and wind down this line of business.

Overall, while not all risks are avoidable, you can’t avoid the risks you don’t know about or aren’t focused on. So for fintech startups and investors alike, identifying and mitigating risks early is key to success. To get started on identifying your fintech startup’s key risks and think of your mitigation plan, check out Catalyst Fund’s new risk diagnostic.

You can also check out De-risking your Fintech startup webinar where we go over the toolkit and risk assessment for Catalyst Fund companies here

 Attached Thumbnails:

Tags:  Business  emerging markets  entrepreneurship  finance  impact investing  inclusive business  inclusive innovation  Incubation  Risk; Risk Assessment; ANDE Members  SGBs; Environment; accelerators; energy  social business  social enterprise  social entrepreneurship 

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MEDA’s Gender Equality Mainstreaming Framework garners industry support as the “go-to reference material for those seeking to create gender equitable social change through their investment process”

Posted By Devon Krainer, Mennonite Economic Development Associates, Thursday, April 5, 2018

For many organizations, pursuing business strategies that empower women can seem daunting. Often the most difficult part is to begin. In response to this challenge, MEDA launched the Gender Equality Mainstreaming (GEM) Framework, a practical manual and toolkit for transforming companies to be more gender equitable while supporting business growth and impact. Numerous industry leaders have announced their support for the toolkit. From gender lens investing pioneers like Jackie VanderBrug to private equity funds including Women’s World Banking, SEAF and Sarona Asset Management to government agencies like USAID, the framework is rapidly gaining traction with investors and capacity building organizations.

In the words of Joy Anderson, Founder and President of Criterion Institute:

“MEDA’s GEM Framework provides investors, donors, intermediaries and other stakeholders with an open source toolkit for assessing gender performance of companies, as well as guidance on how to improve gender outcomes within business policies and practices. It builds on the environmental, social and governance (ESG) standard to enable analysis and upgrading across ESG criteria – elevating gender to a cross-cutting theme. Too often gender is represented by a tick box buried in the appendix, this resource brings gender to the front end of analyzing business operations, both the opportunities and the risks…I predict this resource will be the go-to reference material for those seeking to create gender equitable social change through their investment process.”

The toolkit is applicable to a wide range of investors (e.g. foundations, asset managers, private equity funds, government donors) and capacity builders (e.g. accelerators, technical assistance providers, NGOs, business associations), and can be applied throughout the investment life cycle, from investment readiness and due diligence through to value creation and impact monitoring. Companies seeking a quick and simple way to assess their gender performance can complete an online GEM self-assessment in less than an hour. The self-assessment generates a score and tailored recommendations on areas to improve gender equality within each ESG component.

We hope the GEM Framework will be a useful resource for practitioners around the world, and will enable companies to contribute to sustainable and equitable growth for all. We would love to hear from you on how you are applying the framework and welcome opportunities to collaborate in the future.

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Tags:  impact investing; gender lens investing; gender; w 

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Yunus Social Business Launches Office in Kenya

Posted By Yunus Social Business, Wednesday, April 4, 2018
Professor Muhammad Yunus visited Kenya to officially launch Yunus Social Business Kenya, a new fund dedicated to harnessing the power of social business to end poverty.

Prof. Yunus and Co-founder Saskia Bruysten launched the new chapter along with three partners; Bharat Doshi, Nilesh Doshi and Vinay Sanghrajka have all been deeply invested in philanthropy in Kenya for many years, but inspired by the work of Prof. Yunus they are bringing the business community of Kenya together to tackle social problems with a business approach. The launch was marked with an event with an attendance of over 320 members of the business community of Nairobi, over $800,000 committed for the fund so far.


The goal of the fund in Kenya will be to support and invest in social businesses and social entrepreneurs. By 2020 Yunus Social Business Kenya aims to be funding 30 social businesses, creating over 30,000 jobs and impacting over 2 million people in Kenya. By turning donations into investments in sustainable social businesses.


Yunus Social Business Kenya is now hiring for an Investments Manager: http://www.yunussb.com/job/investment-manager-kenya/

See the full blog article here: http://www.yunussb.com/blog/yunus-social-business-launches-ysb-kenya/


Tags:  Kenya social entrepreneurship 

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