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When Failure is Not an Option: Understanding – And Accelerating – the Success of Refugee Entrepreneurs
This World Refugee Day, the global community is experiencing the highest level of displacement on record. Though entrepreneurship can provide a route to livelihood for which resilient, community-oriented refugees are particularly suited, they often struggle to surmount barriers of language and discrimination, on top of the high failure rates that are typical of small businesses. Amy Gillett and Kristin Babbie Kelterborn at the William Davidson Institute share lessons from support programs helping refugees overcome tough odds to economically enrich their host countries.
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- Entrepreneurship
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Serving Refugee Communities with Tech, Energy Access, Entrepreneurship: Mastercard and USAID’s Collective Approach
Last year, USAID and Mastercard established the Smart Communities Coalition (SCC), a network of 35+ public and private organizations. The group is developing new ways companies, NGOs, governments and UN agencies can co-design and co-implement programs that empower people and enable growth in on energy access, connectivity and digital tools. Katrina Pielli with USAID and Sasha Kapadia with Mastercard explain why the group chose to focus on Uganda and Kenya as pilot countries, which collectively host over 1.5 million refugees.
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- Energy, Entrepreneurship, Technology
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Bringing Biogas to Billions: Why PAYGO Could be the Key to Scaling the Industry
Small scale biogas digesters (biodigesters) convert animal manure into biogas for clean cooking and high-quality organic fertilizer. The technology is hardly new – in fact, it's been around for 150 years. But for farmers to benefit on a mass scale, companies will need to lean on new technology and innovative business models, writes Ben Jeffreys, CEO of ATEC* Biodigesters International. That means learning the lessons of the off-grid solar industry and devising new pay-as-you-go models to enable the inclusion of low-income customers.
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- Agriculture, Energy
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A Landmark Impact Investment: Could This Innovative Experiment with Islamic Finance Provide a Model for Both Sectors?
Impact investing and Islamic finance are two segments of the socially responsible finance spectrum that rarely intersect – despite having much in common. But according to Umar Moghul, a transactional lawyer with experience in Islamic law, a recent impact investment by Mission Driven Finance in Somali Family Service of San Diego offers an example of how the two sides can come together to boost their mutual impact.
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The Trouble With ‘Women’s Empowerment’ Programs: Perceptions vs. Reality in India
India's government, funders and development initiatives have an increasing focus on including women in different programs. But according to Sudarshan Thakur at PRADAN, these efforts often seem more concerned about what women can do for development than what development can do for women. He argues that social change cannot come only from outside interventions or credit. Instead, global development agencies need to engage with women across different communities and contexts, as women themselves are the best judges of the types of services and programs they need.
- Categories
- Finance
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Dragons Scale Naturally; Social Enterprises Don’t: Here Are Four Tips That Make It Faster and Easier for Every Entrepreneur
If you’re a social entrepreneur, here's some bad news for you: You weren’t born to scale. According to Rob Shelton at the Miller Center for Social Entrepreneurship, in reviewing 100 enterprises from the past 10 years, the Center found that less than 10% were able to scale successfully. But he also offers some good news: In spite of the odds, you can learn to scale successfully – if you're willing to shift management gears, learn some new things and push beyond your existing model. Shelton shares a straightforward process that can make scaling possible for every entrepreneur.
- Categories
- Entrepreneurship
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Our Obsession with ‘Systems Change’ Leaves Marginalized Women Vulnerable – Let’s Empower Them to Advocate for Themselves
Last December, while driving through rural Uganda, KadAfrica founder Rebecca Kaduru was gravely injured in a car accident. Taken to the district hospital, she faced a stark reality: There was no doctor, no medications, not even gauze and sutures. The experience highlighted the barriers to women's empowerment in the country, where hospitals like this are often the best option for maternal health emergencies, and care is only available to those who fight for it. Kaduru explores why gender equality requires less focus on changing systems, and more on helping women advocate for themselves.
- Categories
- Entrepreneurship, Health Care
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Scaling your Social Enterprise – While Handling your Success: A Q&A with Microfinance Pioneer Alex Counts
Few people know more about the opportunities and pitfalls of scaling a social enterprise than Alex Counts. A seminal figure in microfinance, he led Grameen Foundation's growth from a $6,000 start-up to a $20 million powerhouse, while playing a key role in the often turbulent expansion of the broader microfinance sector. NextBillion caught up with Counts to discuss his latest book, “Changing the World Without Losing Your Mind.” The book – and this Q&A – provide essential advice for social impact leaders working to grow their organizations – and dealing with the new tensions scale can bring.
- Categories
- Entrepreneurship, Finance
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@MicroSave (link opens in a new window)
Digitizing social and financial services for refugees can make the ecosystem more reliable & offer a good business… https://t.co/cUtOj13Ov7 (link opens in a new window) -
@BFAGlobal (link opens in a new window)
This #WorldRefugeeDay (link opens in a new window), we take a step back to a year ago when we worked with @FSDAfrica (link opens in a new window) & @fsduganda (link opens in a new window) to host design… https://t.co/p055FVEM1z (link opens in a new window) -
@NextBillion (link opens in a new window)
News via @FinTech_Futures (link opens in a new window): Viewpoint: #ImpactInvesting (link opens in a new window) Can Unlock the Potential of #Blockchain (link opens in a new window) in Africa:… https://t.co/QGgNikXxL7 (link opens in a new window)