Why does so little funding go to women entrepreneurs, and what can we do about it?
Chetna Gala Sinha never thought she would start a bank. “But women came to me and said they wanted to open a savings account”, she recalls, “one woman blacksmith was insistent that she wanted to save to buy a tarpaulin cover for the rain. The banks were not ready to let her open an account […]
Creating Economic Opportunity in the Northern Triangle: Breaking Down Barriers to Growth to Stimulate Recovery
The Northern Triangle countries of Guatemala, Honduras and El Salvador are the poorest countries in the Western Hemisphere. Fragility caused by poverty, violence, and corruption are drivers of migration. The COVID-19 pandemic and two back-to-back hurricanes that struck the region in November 2020 decimated weak local economies and increased suffering. A new Center for Strategic […]
Let’s learn from local communities and step up more to create climate and social impact
Next month, the international community will gather at COP26, the 2021 United Nations Climate Change Conference, to further accelerate global action towards climate change. The aim is to “to build back better, and greener”, states Alok Sharma, COP President. According to him, this is necessary because, like the Covid-19 pandemic, climate change is disrupting the global […]
Failing to Win: Lessons from an entrepreneur who went ‘all in’
After backpacking across Africa in search of changemakers building scalable, high-impact businesses, Canadian entrepreneur Mike Quinn convinced his retired parents to mortgage their house and lend him $100,000 to co-found Zoona, one of the continent’s earliest fintechs. That risk paid off big time, as Zoona went on to process $2.5 billion of transactions and generate […]
Regenerative Agriculture: Growing Pains
Agriculture is not working for people or the planet. The statistics are startling. 78% of the world’s poorest people remain reliant on agriculture, 33% of the world’s soils are degraded (a figure that could rise to 90% by 2050) and agriculture contributes to about a quarter of global climate emissions (stats from the World Bank, […]
Six Actions Businesses Can Take To Reduce Negative Impacts of Purchasing Practices on Human Rights
Companies’ purchasing practices can have a profound impact on human rights. Businesses are under mounting pressure to take responsibility for the wellbeing of the women and men working in their supply chains, with mandatory human rights due diligence legislation approved or underway in several countries. While Corporate Social Responsibility and sustainability teams are working hard […]
How to enhance innovation and intrapreneurship in your organisation
Lorena Guillé-Laris is Executive Director of Fundación FEMSA and Global Fellow at the League of Intrapreneurs works to unlock the human innovation potential inside our most influential institutions to change the world for the better. In this session, Lorena explained why intrapreneurship is so critical for our current reality and she shared her advice with […]
Responsibility in rum
A stormy history It’s widely believed that rum as we know it today, was first distilled on sugarcane plantations in the 17th century. The history of sugarcane and its by-products, including rum, is closely entwined with the slave trade. Enslaved people were made to grow and cut sugarcane in appalling conditions, work tirelessly to ferment, […]
5 Principles for Powerful Partnerships: Where Profit meets Social Impact
Know your partner AND Your value proposition Secure buy-in at multiple levels: from front-line staff to the boardroom Unite your business & social goals Define roles and responsibilities Adapt to market shifts A catalytic collaboration here in Vietnam is stimulating business growth for women entrepreneurs by challenging misconceptions and improving access to finance, networks and […]
A Week of Inspiration and Insight at the Business Fights Poverty Global Summit 2021
It was inspiring to witness the extent of our collective energy and expertise at the Business Fights Poverty Global Summit 2021. This five-day event, held from 21-25th June, brought together over 80 speakers with more than 1000 registered participants to celebrate the successes of our members; share insights and lessons learned; and build our resilience. […]
Empowering action towards improved livelihoods
We often talk about system-level change to address root causes of poverty and the imbalance of risk. This requires us to unite in different and creative ways. The Living Income Community of Practice motivates actors across sectors to help close the income gap, so that smallholders can earn a decent standard of living as a […]
How can business-led innovation support refugees?
We know that the humanitarian landscape is changing – crises have become more protracted and complex, as well as characterised by greater barriers to humanitarian assistance. The COVID-19 crisis and associated economic turbulence is also accelerating need. In this context, business has a role to play in developing a more sustainable response to global displacement and in […]
VIDEO: How can business harness technology to support women entrepreneurs?
Hashitha Abeywardana is Senior Technical Advisor at Chrysalis, an organisation that helps communities and institutions to embrace diversity and catalyze inclusive growth for women and youth. In this session, Hashitha explained how companies can harness technology to support women entrepreneurs and to address gender based violence. Also, he listed several good examples of initiatives that […]
Since the pandemic, many businesses have accelerated their strategies towards greater social purpose.
AB InBev is the world’s largest brewer with a mission to “bring people together for a better world”. One might consider this to be smart marketing to sell beer, but they are also letting their purpose do the talking with the creation of the AB InBev Foundation, an independent non-profit that is helping to advance […]
Growing Haiti’s food systems with determination and partners
Even before the novel coronavirus became a global threat, the United Nations had dire predictions for Haiti in 2020. A UN humanitarian agency report in December 2019 forecast that within months 40 percent of Haitians would “require urgent humanitarian assistance.” Causes included political upheaval, insecurity and rising food prices. Adding a pandemic to the mix […]
How can companies contribute to growth that generates benefits for society as a whole?
One of the objectives that we pursue in our IV report is to create greater awareness of inequality and make poverty in our country more visible by making its different faces known: child poverty, energy poverty, or the so-called “poor with work,” people who, even with a permanent job, do not make ends meet. During […]
Innovation in the Face of Crisis: How to Support Entrepreneurs during the Continuing COVID-19 Pandemic
When the COVID-19 pandemic reached El Salvador, it delivered a blow to Fátima Meléndez, owner of Lafá Cake Boutique in San Salvador. Most of the company’s business came from providing cakes and dessert tables at weddings, which were cancelled indefinitely when El Salvador entered a strict, months-long lockdown. Lafá saw its sales plummet and even […]
Building the next generation of responsible businesses and leaders
Everyone has the right to decent work. Meaning, a job which delivers a fair income in a safe environment with prospects for the future and social integration. A job which offers social protections if you are sick, have family commitments or are injured. A place where you have the freedom to express your concerns, organise […]
How Can Businesses Support Economic Inclusion for People in Extreme Poverty?
Before COVID-19, over 700 million people worldwide were living in extreme poverty. The pandemic could push an additional 150 million people into extreme poverty by the end of 2021. People experiencing extreme poverty already have limited access to health care, food, clean water, and public services. They face obstacles in accessing markets, employment opportunities, and […]
Women entrepreneurs make changing norms the new norm
As we’ve noted before, success in the social sector is usually seen as “scaling out” — as described by Iman Bibars, regional director of Ashoka Arab World. This male-dominated “franchise model” often results in big budgets and large numbers of beneficiaries. But many women take a different, incredibly successful approach: “scaling deep.” “When women adopt a […]