2007 Social Capitalist Awards announced
The 2007 Social Capitalist Award winners were announced this morning by Fast Company business magazine and the Monitor Group. The Award recognizes non-profits that are generating both financial profit and social benefit. Winners that have a particularly strong emphasis on serving low-income markets include:
ACCION International–Trains banks on how to offer microfinance services, including insurance and savings (four-time winner: 2004, 2005, 2006, 2007)
Kickstart–Sells low-cost agricultural technology to increase farmers’ yields (two-time winner: 2006, 2007)
Scojo Foundation–Recruits women entrepreneurs to sell reading glasses using a direct marketing/mobile kiosk model (2006 finalist; 2005 winner)
Unitus–Provides financial support and consulting to microlenders in Asia and Latin America. Recently launched a 30 million equity fund to invest in microlenders (two-time winner: 2006, 2007)
Also, a reminder that Fast Company’s Fast 50 reader’s challenge application deadline, Dec 1, is coming up. If you or someone you know is out to improve the world through a financially sustainable (for-profit) project, be sure to enter the Fast 50 challenge.