IKEA Foundation and Yunus Social Business carried out a 6-month joint research project, getting to the bottom of this question: With ever more organisations joining social-business ecosystems, how can we all start to plug the gaps in the support landscape?
IKEA Foundation and Yunus Social Business (YSB) announced the launch of their Enterprise Support Landscape Study series, a collaborative research project into the social-business landscapes in India, Kenya, Colombia and Brazil.
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Social-business entrepreneur Roshan Miranda saw an opportunity to address the environmental challenges of waste recycling while also improving the livelihoods of waste pickers. He co-founded Waste Ventures India, a social business that works with waste pickers to boost their income and India’s recycling efforts.
On 24 March this year, day-to-day business for a vast number of Indian organisations stopped abruptly. With a complete nationwide lockdown, any operations requiring physical attendance had to shut down overnight. Here’s how we helped one of the Indian social businesses in our portfolio to overcome the combined economic and health crises of COVID-19.
This is for growth-stage businesses that seek to solve a social problem. We are looking for businesses that want to level up and become ready for investment. Social Businesses that seek to apply to the programme should be generating revenues of around US$250,000.
As an output of the ANDE SGB Finance Learning Lab, ANDE India and Asha Impact have collaborated, with the support of SAP and UNDP SDG Finance Facility, to put together this playbook on Social Success Notes.
On 20 March this year, Luis Miguel Botero discovered that his social business, Pomario, faced an existential threat. It was the day that a nation-wide quarantine in Colombia was announced, which was ultimately extended until the end of August. For Botero, as for many business owners, this presented the threat that his social businesses’ revenues would disappear overnight.
Alexandre Furlan, CEO of Instituto Muda, has been building his business since he finished college 12 years ago. São Paulo generates 20,000 tons of waste on a daily basis. Yet only 5% of the residential buildings have public recycling collection service - the majority of it goes to landfill. Instituto Muda tackles the problem by picking and sorting recycled waste and donating it to waste
These have been difficult times for our portfolio companies. They are working hard to protect those they employ and serve. In India, Waste Ventures recycle plastic and improve the lives of waste pickers. As they are dependent on revenues from previous months to meet their expenses, the abrupt pause to their activities has made their ability to pay their workforce much more difficult.
We are excited to announce our partnership with IKEA Foundation as part of their expanding focus on social entrepreneurship.
We spoke to Molly Burke co-founder of Cycle Connect, our latest investment in our Ugandan Fund. Cycle Connect provides rural smallholder farmers with the necessary tools to propel them out of poverty.
Released at the World Economic Forum in Davos, our global study interviewed 50+ executives and social intrapreneurs (SIs) from almost 50 blue-chip multinationals, including IKEA, Morgan Stanley, BASF, Allianz, Renault, and SAP .
Have you heard of Giving Tuesday before? It is a movement to create an international day of charitable giving at the beginning of the Christmas and holiday season. Today we are encouraging you to spare what you can to create a better world - for the future of all of us.
Solene, our Communications Manager for the MAN Impact Accelerator speaks about the challenges faced by smallholder farmers and how they should be empowered rather than exploited by intermediaries, looking at examples from across our work at YSB.
We are delighted to be featured in the latest episode of the Global Goals Cast in the spirit of International Eradication of Poverty Day, celebrated last week, the episode asks: “Is it possible to #EndExtremePoverty”.
We caught up with the CBO and Co-Founder of Arbusta, Juan Umaran about fighting the ‘war on talent’ in Latin America with opportunity youth. Arbusta is the latest investment of the Yunus Social Business fund in Colombia.
Neben der Digitalisierung müssen sich Unternehmen der „social disruption“ stellen. Unsere Gründerin Saskia Bruysten ist überzeugt: Wer einen positiven Beitrag zur Gesellschaft nicht bald als Teil seines Kerngeschäfts versteht, ist bald weg vom Fenster.
Social entrepreneurs are incredibly busy people - but it’s important for them to take time out of the day-to-day to reflect and learn from each other. It’s not only fundamental to finance social entrepreneurs but to develop an eco-system where businesses focussed on impact are both supported and celebrated.
Naveen was born and raised in a small village outside Varanasi in Northern India. All his life, he grew up around manual rickshaw drivers carrying people to and from the city, it’s backbreaking work for very little pay. He saw that very often the rickshaw cyclists came from some of the most vulnerable communities, frequently associated with drug and alcohol abuse.
Since 2016, our team in Colombia has been running an accelerator programme in collaboration with The Boston Consulting Group (BCG). The goal of the programme is to build the ecosystem around social business in Colombia and help those with a high potential to become ‘investment ready’.
A social business needs to deliver results in three core areas; social impact, financial sustainability, and organisational resilience. But in order to mature in these areas businesses need more than just capital; they also require non-financial support, training and access to networks.
Waste Ventures India has established a formalized market for waste streams which averts waste from landfill and creates higher incomes for the waste pickers, with standardized prices with upfront payments.
Yunus Social Busines (YSB) and its sister organisation Zero Poverty Ventures are cooperating with Global Social Impact (GSI) and the Open Value Foundation, founded by María Ángeles, to bring expansion funding to high potential Social Businesses in East Africa.
How should we give? Along with the issue of how much, questioning the model into which we donate our money is becoming more and more pertinent in the modern age. As we seek to optimise the way we spend and invest our money, it’s not surprising that we are also looking to optimise the way we give. There is a scarcity in the philanthropic capital available - so it’s important that it is spent well.
We spoke to the founders of Godson Export Commodities, Godfrey and Marketing Director Anne Macharia to understand why they started the business and what they have learnt along the way. Godson Export Commodities collects, processes and exports chia, quinoa, and sesame grown by smallholder farmers in Uganda.
Earlier this year we took a group of philanthropists and partners to visit some of the social businesses in our portfolio in Uganda including Godson Commodities, Impact Water & Tugende. We also visited Kenya to see some of our pipeline companies.
Check out our new video telling the stories of rural farmers! They provide higher incomes and safe jobs for rural farmers in Colombia. They work in areas affected by armed conflict growing baby vegetables and edible flowers. 🌱 🌿 🥕🌷 🌹
Along with The Center for Sustainable Finance and Private Wealth (CSP) at the University of Zurich went out and about around São Paulo at the start of February to explore the ecosystem of social businesses and investment. Take a look at our fantastic week in the video:
Tugende is a Social Business that helps mototaxi drivers double their incomes by owning their motorcycles. They have helped over 18,000 motorcycle taxi drivers with higher incomes, including the drivers’ families, that’s over 85,000 people.
So, here we are. The time for change and personal re-shaping through resolutions is upon us already. But this doesn’t just mean an opportunity for personal improvement, it also means a time for professional self-development too.
Already in the crucial latter half of my 20s, I was seeking opportunities where I could accelerate the growth of my personal and professional capital more than my financial capital.
Financing and supporting early-stage businesses in Uganda is not an easy task. In this report with USAID we look at what we have learned from our portfolio over the last few years and how this helps to inform our investment criteria going forward.
Before Susan Mubiru bought a water purification system for her school, Namutebi Nkata Primary in Uganda, she had to find a way to boil water for all of her 516 students. “When we used to boil it, it was never enough. The children would not always have drinking water regularly”. For Susan, and schools across Africa lack of access to safe drinking water is a huge challenge.