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RegCharles Finance and Capital Ltd partners with the Lagos State Education District 3 on Entrepreneurship and Personal Finance Management Education in Lagos Public Schools

Posted By Fortune Odjugo, RegCharles Finance and Capital Ltd, Wednesday, August 7, 2013
Updated: Wednesday, August 7, 2013

Entrepreneurship and personal finance education has become vital in the Nigerian school curriculum today.

This is necessary in order to address the problem of unemployment, youth restiveness, poor finance management abilities, and poverty plaguing Nigeria in recent times.

 RegCharles Finance and Capital Limited believes that the acquisition of skills, knowledge, and attitude, as well as the cultivation of human talent and their creative/imaginative potentials is indeed the fundamental aim of education and here entrepreneurship and personal finance education addresses such issues.

In our quest to promote entrepreneurship and personal finance education among teenagers and youths in Nigeria, RegCharles is proud to introduce her GEN-Y Entrepreneurship Programme in Public Secondary Schools in Lagos State, Nigeria.

The aim of this programme include:

  • To provide entrepreneurship trainings to students in public secondary schools.
  • To identify students with business ideas and provide them with the necessary support and funding to develop their ideas into sustainable businesses.
  • To encourage secondary school students to think more about becoming entrepreneurs rather than seek white-collar jobs.
  • To help students develop the outstanding qualities that make an effective leader.
  • To teach students the basic  principles of financial management, thereby giving them the necessary skills and knowledge to manage their personal and business finances adequately.
  • Fostering teamwork among students, cascading into their future career and entrepreneurship endeavours.

In launch of this programme, RegCharles, supported by the Lagos State Education District 3 announces her presence at the up-coming summer school coaching to introduce her structured entrepreneurship and personal finance management programme to Nigerian students. This is to help them begin to discover and cultivate their entrepreneurial capabilities.

This summer school coaching, taking place at four zonal centers of Eti-Osa, Lagos Island, Epe, and Ibeju Lekki would also witness the presence of many organizations whom we anticipate meeting and working with to better the lives of our youths, and encourage entrepreneurship on a large scale.

RegCharles Finance and Capital Limited (formerly Alex Finance and Trusts Limited) is a non-banking Financial Institution licensed by the Central Bank of Nigeria to provide lnvestment Management, Credit, Financial and Business Advisory services, as well as Debt and Equity solutions for SMEs in various sectors of our economy. At RegCharles Finance and Capital Limited (, we focus on financing and empowering Small and Medium Scale Enterprises in various sectors of the Nigerian economy.

We provide tailored financial solutions and advisory services via our array of products and services. Our target is to:·        

  •  Provide capacity building·         
  • Encourage  entrepreneurship·         
  • Inculcate savings culture·      
  • Reduce and alleviate poverty·         
  • Enhance female entrepreneurship and financial  freedom.

We also have expertise in carrying out:·         

  • Entrepreneurship trainings and Capacity Development programs for SMES signed up to our micro-equity scheme.
  •  Restructuring processes for SMEs·        
  • Venture incubation for newly established/startup businesses·  
  •  Mentorship and Networking programs for entrepreneurs·         
  • Youth and women empowerment programmes.
  • We look forward to playing our role, and also all possible partnerships aimed at drastically reducing the recurring problem of unemployment, youth restiveness, poor finance management, and poverty in Nigeria.

Partnership and sponsorship opportunities are available.

Tags:  education  entrepreneurship  youth 

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You're Invited! The 2013 GSBI Accelerator Showcase

Posted By Miller Center for Social Entrepreneurship at Santa, Monday, August 5, 2013
Updated: Monday, August 5, 2013

The GSBI Accelerator 2013 Class of Social Entrepreneurs will present to impact investors on Thursday, August 22 from 3:00-7:00pm at Santa Clara University.  These vetted organizations provide products and/or services to base of the pyramid populations, and are ready to scale their enterprises to impact hundreds of thousands of people in the delivery of healthcare, clean tech, and mobile finance.  Engage with innovative entrepreneurs at this invitation-only event and showcase reception.

If you would like to join us please click here and use the password: accelerator to register. We  hope you will join us for this seminal social impact investing event. If you have any questions, please contact Cassandra Thomassin-Staff (

 Date:  Thursday, August 22, 2013

Time:  3:00-3:15pm   Refreshments & Registration          

             3:15- 5:30pm  Presentations (Recital Hall)          

             5:30 - 7:00pm Showcase Reception (de Saisset Museum)

Location: Santa Clara University, 500 El Camino Real, Santa Clara, CA  95053 (Campus map & directions on event RSVP page)

Tags:  accelerators  Business Models  impact  impact investing  investors  social entrepreneurship 

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With Skoll Foundation Support, Citi Provides Financing for Innovative Social Enterprise KickStart International

Posted By Daina Ruback, Aspen Institute, Tuesday, July 30, 2013

July 29, 2013 New York- Citi Microfinance and Citi Commercial Bank today announced US$2,000,000 in financing to support KickStart International, a non-profit social enterprise that designs, manufactures and sells high-quality, low-cost irrigation pumps for use by smallholder farmers across Sub-Saharan Africa. With support from the Skoll Foundation, the loan will be the first from Citi directed to the social enterprise sector and will specifically support smallholder farmers in Sub-Saharan Africa, where farm yields are among the lowest in the world.

According to The World Bank, 65 percent of Africa's labor force is employed by the agriculture industry, yet farming accounts for only 32 percent of gross domestic product on the continent. KickStart's mission is to lift millions of people in Africa out of poverty - quickly, cost-effectively and sustainably. KickStart succeeds by designing, promoting and mass-marketing simple money-making tools that poor smallholder farmers buy and use to build profitable family enterprises.

The Citi financing will be used by KickStart as working capital to expand production and distribution of its human-powered water pumps, which enable poor farmers to irrigate throughout the year, help improve crop yields and boost income for farming households.

"The financing arrangement with KickStart reinforces Citi's commitment to identifying opportunities to address community-based challenges with inclusive business solutions," said Bob Annibale, Global Director of Citi Microfinance and Community Development. "KickStart is a social enterprise that weds a purpose-driven mission with a scalable business model, and we are pleased to join the Skoll Foundation to support its growth plans."

"Citi Commercial Bank's collaboration with KickStart is the latest example of how we aim to capitalize on our unparalleled global reach to help leading enterprises expand their operations and achieve their goals," said Citi Commercial Bank New York City Division Head Daniel Greene. "KickStart employs an innovative and powerful model, and we are proud to support its efforts to promote entrepreneurship and create economic opportunity throughout Africa."

"Irrigation has tremendous potential to increase productivity, raise income levels for smallholder farmers in Africa, and provide a sustainable solution to the rural poor's most important need - a way to consistently earn money," said Martin Fisher, Co-Founder and CEO of KickStart International. "This innovative collaboration between Citi and Skoll Foundation will enable KickStart to scale our efforts to alleviate poverty."

"Catalyzing private-sector support for social entrepreneurs whose proven innovations improve the lives of smallholder farmers by providing them with economic opportunity and a source of sustainable income, enables large-scale change across Sub-Saharan Africa and around the world," said Sally Osberg, president and CEO of the Skoll Foundation. "Cross-sector collaboration is seminal to realizing the Skoll Foundation's vision to empower social entrepreneurs to create a sustainable world of peace and prosperity."





Citi, the leading global bank, has approximately 200 million customer accounts and does business in more than 160 countries and jurisdictions. Citi provides consumers, corporations, governments and institutions with a broad range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, transaction services, and wealth management.

Additional information may be found at | Twitter: @Citi | YouTube: | Blog: | Facebook: | LinkedIn:


Citi Microfinance

Working across Citi's businesses, product groups and geographies, Citi Microfinance serves more than 150 microfinance institutions (MFIs), networks and investors as clients and partners in nearly 50 countries, with products and services spanning the financial spectrum - from financing, access to capital markets, transaction services and hedging foreign exchange risk, to credit, savings, remittances and insurance products - to expand access to financial services for the underserved.



KickStart is a non-profit social enterprise with a mission to lift millions of people in Africa out of poverty quickly, cost-effectively, and sustainably. It designs and mass-markets technologies that are bought by poor farmers and used across sub-Saharan Africa to establish and run profitable small-scale enterprises. KickStart's best-selling products are award-winning, human-powered, MoneyMaker branded irrigation pumps that allow small-scale farmers to access increasingly scarce water in order to irrigate their land. Irrigation enables them to increase crop yield, and earn significantly more income. With this increased income, they can lift themselves out of poverty and improve their family's quality of life by being able to access plentiful food, education for their children, and healthcare for their families. KickStart's largest programs are in Kenya, Tanzania, Mali, Burkina Faso, and Zambia; KickStart exports pumps through partners in 16 other countries. For more information, visit and follow us on Twitter @KickStart_Intl and Facebook at


Skoll Foundation

Jeff Skoll created the Skoll Foundation in 1999 to pursue his vision of a sustainable world of peace and prosperity. Led by CEO Sally Osberg since 2001, its mission is to drive large scale change by investing in, connecting and celebrating social entrepreneurs and the innovators who help them solve the world's most pressing problems. Social entrepreneurs are society's change agents, creators of innovations that disrupt the status quo and transform our world. By identifying the people and programs already creating positive change, the Skoll Foundation empowers them to extend their reach, deepen their impact and fundamentally improve society. More information at and

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Women's Venture Scope

Posted By Katia Dumont, Aspen Institute, Tuesday, July 30, 2013

Women Venture Scope


The Multilateral Investment Fund just launched the Women’s Venture Scope, providing an excellent overview of the stage of women entrepreneurs in Latin America, where 23% of small business are led by women . The criteria are based in 5 main points: Security and Stability, Business Climate, Finance, Capacity & Social Services. According to these indicators, Chile, Peru and Colombia are the three highest ranked to propel women entrepreneurs. In CAM, we find a mix of incentives and drawbacks to propel women entrepreneurship, for example:

Mexico (4th overall) is the highest ranked country in terms of access to finance, but ranks low when it comes to vulnerability of corruption and the amount of female led households.

Costa Rica (6th overall) has a 100% indicator when it comes to provide women with networks in order to access information opportunities and for basic entrepreneurial skills training, but have significantly lower access to capital.

El Salvador (17th overall) is the lowest ranked countries in the CAM region, even if it is ranked as one of the highest on costs of creating new businesses and equal property rights, the security risk and low levels of capacity development available are critical to strengthen the environment.


If you would like to know more and down the report:

Tags:  Access to Finance  gender  Latin America  MIF  Women 

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ANDE welcomes new member Omnivore Partners!

Posted By Stella Hanly, Aspen Institute, Thursday, July 25, 2013

Omnivore Partners, a Rs 250 Cr dedicated investment fund launched in October 2010, focuses on early stage agribusiness and rural enterprises in India. From its offices in Mumbai, Omnivore acts as the lead investor in private Indian companies operating in agriculture. The Fund will only make non-controlling, minority investments in venture and early stage private enterprises. The investment team looks for businesses that have innovative technologies or business models, and where the Fund's investment capital, network and expertise can be applied to scale a business.

The Omnivore Partners team brings significant management experience to its portfolio companies. The Investment Management team has strong entrepreneurial, operating and investment track records, and is well-positioned to provide assistance in sales and marketing, human resources, financial structuring and management, strategic and financial planning, and raising capital. One of the most important resources that Omnivore Partners brings to its portfolio companies is the Fund's network of corporate relationships, industry participants and experts that Omnivore Partners maintains. This network can be a source of customers, suppliers, strategic partners, advisers, and exit to the Fund's portfolio companies.

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ANDE welcomes new member Insitor Management!

Posted By Stella Hanly, Aspen Institute, Wednesday, July 24, 2013

Insitor Management is an impact investing firm based in Phnom Penh, Cambodia with offices in New Delhi, India and Yangon, Myanmar. They are a small, specialized team that invests in companies that have the potential to fundamentally improve the lives of low-income families in emerging countries.

They focus on Developing Asia where nearly two billion people have limited to no access to clean water, quality food, secure shelters, affordable healthcare, efficient infrastructure, and inclusive financial services. They work with start ups and early-stage businesses, bridging the gap between angel investments and later-stage funding offered by most impact investors.

Their previous experience as entrepreneurs, strategy consultants, and finance professionals allows us to help executive teams develop strategies, build operations, and execute plans. Our developing countries experience makes them a practical, understanding, and patient partner committed to working together to reach outstanding results.

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AMSCO, COMESA Seal Private Sector Deal

Posted By Zintle Makeng, ATMS Foundation/AMSCO, Wednesday, July 24, 2013

The African Management Services Company (AMSCO) and the Common Market for Eastern and Southern Africa (COMESA) have signed an agreement to support private sector development among COMESA member states.

A memorandum of understanding (MoU) was signed by COMESA Secretary General Sindiso Ngwenya and AMSCO Regional Manager Abraham Lanor in Lusaka, Zambia last week, through which AMSCO commits to providing training programmes to support private sector development in COMESA member states, including Malawi.

A special purpose vehicle established by the International Finance Corporation in the Netherlands to serve as the operational unit of the African Training and Management Services (ATMS) project, AMSCO will provide funding to qualifying beneficiary enterprises and impact initiatives with priority to small-scale enterprises totalling less than US$3 million in revenue.

For medium enterprises, the funding will be between US$3 million and US$15 million in revenue and gross assets. AMSCO will design and implement the PSD and poverty reduction programme on a sectorial basis. The aim is to complement the existing PSD of COMESA.

Furthermore, AMSCO will recruit experts to strengthen the management and technical capabilities of beneficiary enterprises and apex bodies of the private sector. Commenting on the agreement, COMESA secretary general Sindiso Ngwenya said there are many challenges that member states face in the development of the private sector.

Mr Ngwenya cited lack of support to programmes and projects undertaken by various private sector players and skills among entrepreneurs, which has affected the achievement of the standard in the market. He said there is need for the private sector players to work together to develop infrastructure projects that COMESA is implementing.

COMESA was formed in 1994 as 'an organisation of free independent sovereign states which have agreed to co-operate in developing their natural and human resources for the good of all their people'. The organisation currently has 19 member states and a population of over 389 million, making it the largest regional economic organization in Africa.

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Tags:  Africa  AMSCO  COMESA  Private sector development  SMEs 

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ANDE welcomes new members Angel Venture Fund Honduras, China Impact Fund/New Ventures China, Feleman, and Inotek!

Posted By Stella Hanly, Aspen Institute, Tuesday, July 23, 2013

ANDE welcomes new members ANDE welcomes new members Angel Venture Fund Honduras, China Impact Fund/New Ventures China, Feleman, and Inotek!

Angel Venture Fund Honduras helps Honduran small and medium-sized enterprises (SMEs) obtain funding for their growth needs, and guidance in operating their businesses successfully from the Angel investors. Our angel equity investors add value to Honduras SMEs by providing capital to the businesses so they can expand production. With angel equity financing, the SMEs avoid the risk of debt financing, as well as bankruptcy risk if the firm cannot make interest payments throughout the life of the financing. We also provide guidance on marketing strategy, supply chain management, operations efficiency and financial management.

China Impact Fund/New Ventures China is China's first impact fund that specializes in financing and accelerating small and medium-sized enterprises (SMEs) providing environmentally friendly products and services as well as start-up companies with an environmental value proposition for the country's Base of Pyramid (BoP) population, primarily those in sustainable land use, clean energy and water access. 

Feleman is a social impact advisory firm focused on providing Management Consulting, Private Equity Advisory, Strategic Sourcing, and Strategic Alliance services. They seek relationships with clients that share their vision, and place as much value in how they work towards their goals as the end goal itself. 


Inotek has the mission to develop and apply innovative technology and technological entrepreneurship that provide solution to technology problem, improve socioeconomic life of the community and to help alleviate poverty. Support educational activities in technological entrepreneurship to disseminate applicative technology for community. Improve capacity of the community in applying innovative technologies that give socioeconomic welfare benefit.

Tags:  ANDE Members 

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How An Ethiopian Bean Became The Cinderella Of Coffee

Posted By Stella Hanly, Aspen Institute, Tuesday, July 23, 2013

NPR recently produced a story on Ethiopian coffee telling how the village of Boto in the Ethiopian highlands was selling some of the cheapest coffee in Ethiopia, the notorious "Jimma 5." Now it's selling a bean coveted by specialty U.S. roasters, and has built a road with some of the proceeds. This transformation happened with help from ANDE member TechnoServe.

You can read and listen to the story here!

Tags:  ANDE Members 

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The Gender Global Enterpreneurship & Development INdex (GEDI)

Posted By Katia Dumont, Aspen Institute, Wednesday, July 17, 2013
The Global Entrepreneurship and Development Institute, with the support from DELL recently published the The Gender Global Entrepreneurship & Development Index,  a report that examines and compares the challenges that women entrepreneurs have in 17 different countries.  The countries range from high income to low income countries, and most of ANDE regions are covered b y at least one country.  To download the full report:

Tags:  Entrepreneurship  gender  Women 

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