What keeps social entrepreneurs in developing countries from growing their ventures? Around the world social entrepreneurs are creating innovative businesses that reduce poverty and improve the lives of their customers. These pioneers often encounter many hurdles along the way that make growing a social business a significant challenge. With insights from more than 120 interviews with early-stage social entrepreneurs in developing countries, we explore the common financial and non-financial obstacles they face. The survey showed that access to financing is still a major issue for most of the entrepreneurs: loans are expensive, require significant personal collateral and traditional financing providers don’t take the social mission of the business into account. Besides access to capital, especially in the missing middle, social entrepreneurs also have challenges finding new customers for their products and services, managing their operations and technical excellence, as well as recruiting and retaining high quality staff. Based on our findings we distilled specific conclusions and recommendations for entrepreneurs, investors and intermediaries. We want to thank the Robert Bosch Stiftung, which has made this publication possible.
Reckitt and YSB are working together to deliver the Accelerator in South Africa and Brazil, focusing on scaling innovative solutions that enable access to Water, Sanitation, and Hygiene (WASH). Get to know the accelerator's approach, design, and targeted impact by reading this article.
Taking effect on January 1, 2023, the Lieferkettensorgfaltspflichtengesetz or LkSG is a likely anchor for corporate new year’s resolutions. The introduction of the LkSG marks the first time that the responsibility of respecting human rights in global supply chains has been put on the legal shoulders of German enterprises and has the potential to influence similar legislation in other jurisdictions around the globe.
This year, we turn 10 years old! We are taking this opportunity to highlight and celebrate the inspiring partners in our community, reflect on the valuable lessons we've learned along the way and look forward to designing the next decade.