Showing posts with label Getting Funded. Show all posts
Showing posts with label Getting Funded. Show all posts

Saturday, November 01, 2008

2008 Ashoka Fellows in Franchising seeking support

Want to adopt a high impact social entrepreneur? Ashoka recently published a list of Fellows from their latest crop which include a few that are involved in franchising or have innovations that could be applicable to the training and financing of microfranchises. Ashoka typically provides a living stipend to the entrepreneur to allow them the flexibility to pursue their innovation full-time. You can support a whole stipend or give to a common fund. The average stipend amounts are calculated by regional cost of living estimates. For inquiries or to get started, contact supportfellows@ashoka.org. To see Ashoka Fellows in action watch this video diary from a recent trip to Argentina.

Alice Freitas | Brazil, Connecting Informal Artisans with Conscious Consumers

Alice has created a direct sales catalog to help informal artisans overcome the challenges of large-scale distribution. An estimated 50% of all Brazilian workers-many of them women-are currently involved in the informal economy, and consequently lack access both to valuable market information regarding prices and consumer interests, and to the financial resources and bank credit required to start a business. Alice matches artisans’ groups with men and women trained as direct sales agents, providing them with thorough training and an intimate understanding of the producers’ personal histories and social impact. Capitalizing on the growth of conscious consumerism, she thus enables consumers to exercise informed decision-making, and provides them with a direct communication channel to the women behind the products. Having launched the first catalog in 2007, Alice is now developing a franchise model in order to scale her approach throughout Brazil and beyond.

Lilian Masebenza | South Africa. Fostering Income Generation for Women

Lillian incorporates income-generation and entrepreneurial development into traditional village collective models, called stokvels, capitalizing on their inherent popularity among disadvantaged women and youth in South Africa. First formed by black South Africans -mostly women- in response to financial restrictions upheld during apartheid, the stokvels have historically been used merely as a way to motivate each other to save for specific short-term needs, such as weddings, funerals, and holidays. Lillian has transformed these widely accepted savings collectives into an effective business model, using the existing networks to conduct business trainings and skills development courses. By using indigenous models as a basis for business development, Lillian provides business training, skills-development, and mentorship to groups that previously focused on saving for special occasions, fostering a new sense of entrepreneurship among the country’s most disadvantaged communities.

Vivienne Schultz | South Africa, Empowering Entrepreneurs

Vivienne’s company, Biz Africa 1399, uses a three-part approach to economically empower marginalized entrepreneurs. First Biz Africa 1399 identifies potential entrepreneurs and encourages them to develop their ideas. Then, these individuals participate in E-Hub, a nurturing, resource-rich environment that provides work space and administrative services. E-Hubs are supported by business partners who become incubators for aspiring entrepreneurs. Additionally, these relationships help create new markets and tackle the challenges faced by entrepreneurs. Vivienne realizes that she is working with a continent-wide problem and in order to tackle it she must create business networks for struggling entrepreneurs throughout Africa. In order to support her expansion plan, Vivienne has partnered with academic institutions and a continent-wide company. She is currently writing a book about how to use experiential, or hands-on learning, to foster economic
development.

Ouattara Souleymane | Burkina Faso, Creating a Culture of Apprenticeship and Craftmanship

Souleymane Ouattara is transforming the way artisans and skilled laborers are trained and, in doing so, is opening employment options to many young people in Burkina Faso. Through his Association of Tailors, Weavers, and Associates, Souleymane has enlisted trainers in a variety of fields who together create workshops and hold training sessions for young people interested in
their professions. Everyone involved in the trainings also receives management training to ensure they understand production costs and processes, develop their marketing and creative capacities, and have the proper tools to see their businesses grow. Today the system Souleymane has set up is not only effective, but also is expanding as even the government looks at ways of using elements of his engaging training model.

Tamzin Ratcliffe | South Africa, Building Africa’s First Social Stock Exchange

Tamzin has developed the Global Social Investment Exchange (GSIX), a web-based tool that links citizen sector organizations (CSOs) with donors by mimicking traditional stock exchanges. After successfully launching the Southern African Social Investment Exchange (SASIX) in 2006, which raised $800,000 for CSOs in Southern Africa, Tamzin is now preparing to create a global marketplace using GSIX. GSIX will publish a Quarterly Prospectus for investors to choose CSOs, and then investors can buy shares in GSIX through participating brokers. Funds will be transferred to beneficiary organizations through a transparent and accountable process, and investors will have the ability to track their investments and view their impact online. Similar to financial stock exchanges, GSIX will use specific, time-bound investment and by pushing CSOs to be accountable for investments, GSIX will push the social sector to develop ways to measure social impact and, thus the return on social investments.

Sunday, October 05, 2008

IDE-Cambodia's MicroFranchise Scheme: Winner at World Bank Expo

Congratulations to Michael Roberts and IDE for their Microfranchising work in Cambodia being selected as a winner at the World Bank's Development Marketplace. The IDE microfranchise scheme in Cambodia was one of 22 winning projects selected out of over 1,700 proposals. You can read full press releases and watch videos from the expo on the World Bank website. I'll include their entry below. My commentary:

1. Having the label of microfranchising showcased in such a high profile environment (the competition was sponsored by the likes of the World Bank, IFC, Gates Foundation, and Google.org) should be considered a major development in terms of the development and spread of this as an idea or concept.

2. I had a chance to sit down with Michael while he was in town to discuss IDE's microfranchising work as well as explore connections with Ashoka, which could be many. There are so many natural points of overlap between IDE and Ashoka, particularly when it comes to identifying innovation in agriculture and rural development.

3. The last comment I wanted to make in regards to this event was their use of the model of a competition to source the most innovative solutions. I think it is great to see the likes of the World Bank engaging in this very organic, grassroot type approach. Competitions have been a major recent trend in philanthropy and innovation in general, think X Prize, the recently announced $10 idea competition by Google, Ashoka's Changemaker's compeitions as well as the numerous popularity/fundraising compeitions hosted by the likes of Parade magazine and American Express.

IDE-Cambodia's Entry (my markings):

Micro-Franchising Scheme for Agricultural Services
COUNTRY: Cambodia
ORGANIZATION: International Development Enterprises (Cambodia)
FUNDING REQUEST: $200,000
CONTACT: Michael Roberts
+855 23 223 541
mroberts@online.com.kh
www.ide-cambodia.org

OBJ ECTIVE: To increase small farmers’ productivity and increase the net annual income of 1,800 small farm households by $150 by developing a sustainable micro-franchise enterprise to provide affordable horticultural services through Private Extension Agents (PEAs).

RATIONALE: The majority of Cambodia’s poor live in rural areas and depend primarily on agriculture for their livelihood. Small farm productivity could benefit from the substitution of imported vegetables, which account for up to 60 percent of all vegetables consumed in Cambodia. Small holders in Prey Veng and Svay Rieng (Cambodia), the two targeted provinces located along the route for Vietnamese imports, cannot exploit this opportunity because they lack know-how in vegetable production and access to credit and market information. In response to these constraints, this project will develop profitable micro-franchises to provide agricultural inputs, technical advice, in-kind credit and marketing services through a network of Private Extension Agents (PEAs).

INNOVATION: This project will implement an innovative micro-franchising scheme for agricultural extension services through private-sector providers in provinces affected by imports. It will do so by bundling information and know-how with agricultural inputs and by supporting the private sector providers as franchisees and linking them in a micro-franchise network.

Monday, November 19, 2007

GOOD Magazine and launching new Microfranchises


The folks from GOOD Magazine contacted me (and probably some of you- fellow bloggers) in a marketing outreach for their second “Choose GOOD” campaign. I personally have not seen the magazine to say anything about content but I can whole-heartily endorse their partner organizations that benefit financially from the campaign. Among my favorites: Ashoka, Acumen Fund, Kiva, Room to Read and Teach for America.

As GOOD describes their mission:

Beyond funds raised, GOOD endeavors to forge substantive bonds between our subscribers and our partners, by connecting our partners to a highly creative and influential audience, we hope to catalyze a movement of positive thought and action.


I like the creative model GOOD magazine is using to support those organizations that have shown themselves to be high quality/high impact organizations. This brings up a general question: is it better to support those that already have traction or start a new venture? In our microfranchising context and for those who are just entering the space or have financial resources they want to channel this way, is it better to support a Scojo or HealthKeepers or launch a new microfranchise?

Of course there is room (and need) for both but I think there are many supporters who go the route of creating their own, often re-inventing-the-wheel or crashing-and-burning, who would have been better suited to have backed an existing proven model. I think one issue is that they like the personal contact, feedback, and connection they feel through a new project. So the question becomes: how can those proven model organizations embrace these individuals and allow them to feel connected and involved if they are only supporting the cause financially? Thoughts?

Tuesday, August 14, 2007

Funding through popularity contests


Razoo is still in beta form but I think it could be of interest to the microfranchising crowd. It is a grassroots effort at awarding money to social causes. They are just finishing their first voting, I personally voted for PlayPumps.

But this could be a great way to get an extra bit of funding and if Razoo grows in popularity so could the award money. I can see a microfranchise winning a Razoo competition, getting a little seed capital to launch another franchise, getting media attention, getting new funders, being discovered by other social entrepreneurs, and spurring growth.

I also think that because it is so new and it's following relatively small an organization that really wanted to win could win the money if they did some quick marketing. Go for it.