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Creating Jobs While Fighting Poverty: An Innovative Social Micro-Franchise Model Gains Traction in Haiti
All too many global development efforts fail to appreciate the value of a steady paycheck – or the role of small businesses as job creators in poor communities, says Marc Blumenthal at Social Ventures Foundation (SVF). This has stagnated poverty reduction campaigns, leaving vulnerable populations in need after government and NGO funds dry up. He shares SVF's efforts to reverse this dynamic, through social micro-franchise business models that address poverty-related issues, while also creating sustainable jobs in low-income communities.
- Categories
- Entrepreneurship, Investing
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For Non-Profits Working With Facebook, Libra Isn’t Such a Crazy Idea
Were these do-gooding organizations brought on as mere window-dressing? Women’s World Banking and Mercy Corps tell CoinDesk they won’t stick around if their missions aren’t served by Libra.
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UNICEF Now Accepting Donations Through Bitcoin and Ether
This system of decentralisation offers non-profit organisations the advantage of bypassing expensive fees and middlemen traditionally required to move large amounts of cash overseas quickly. But the virtual currencies have also been divisive.
- Categories
- Finance, Technology
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The Development Tool Nobody’s Using: Why it’s Time for the Women’s Empowerment Sector to Leverage Media and Advertising
In women’s economic empowerment circles, there’s no shortage of initiatives involving corporate partnerships with NGOs - often focused on agriculture or garment supply chains. But as Mara Bolis at Oxfam points out, this focus has led the sector to overlook other potential areas of impact – including media and advertising. Sharing some compelling examples, she argues that media could have as much – or even more – influence in shaping women’s economic opportunities as changes to global value chains.
- Categories
- Technology
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5 Ways Nonprofits Can Learn (and Copy) from For-Profits to Scale Up
Tough problems in tough places – that’s business as usual for many global nonprofits. As they navigate the challenges of high regulatory risk and ever-changing donor interest, nonprofits typically grow by acquiring more projects – based on how well they delivered previous projects. But businesses mostly fund their growth by reinvesting profits, or by raising external equity or debt. While these two systems are very different, there’s much nonprofits can learn from for-profit businesses as they reach for scale, writes Dhananjay Vaidyanathan Rohini at Alstonia Impact.
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- Entrepreneurship
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Why Charities Are Launching For-Profit Businesses
“If you have a business and start a nonprofit, no one thinks twice,” Pipkin says. “But if you start a nonprofit and then start a business, people think, Wait a second.” That’s beginning to change. All three nonprofits ultimately entered the moneymaking game. It is, they believe, the next phase of social entrepreneurship.
- Categories
- Entrepreneurship
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Press Release: FDA Approves New Treatment for Highly Drug-Resistant Forms of Tuberculosis
"FDA approval of this treatment represents a victory for the people suffering from these highly drug-resistant forms of the world's deadliest infectious disease," said Mel Spigelman, MD, president and CEO of TB Alliance. "The associated novel regimen will hopefully provide a shorter, more easily manageable and highly efficacious treatment for those in need."
- Categories
- Health Care
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Turning Impact Measurement on its Head: A Q&A with 60 Decibels Co-Founders Sasha Dichter and Tom Adams
How should a social business measure its impact? The sector has always struggled to answer that question, leaving many enterprises and investors without useful data about the impact of their work. Acumen is addressing this issue by spinning out a standalone social enterprise called 60 Decibels, which leverages mobile technology to quickly and easily acquire impact data from low-income customers and beneficiaries. Co-founders Sasha Dichter and Tom Adams discuss its innovative model, and the potential it offers to investors, enterprises and the people they serve.
- Categories
- Entrepreneurship, Impact Assessment, Investing
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