and international poverty programs. ... A weekly newsletter of the Social Ventures Foundation, a non-profit, non-sectari
A Social Ventures Foundation Publication
SocialVenturesFoundation.org
September 6. 2017
EndPoverty ...Strictly Business Changing The Paradigm Of The Poverty Reduction Industry A weekly newsletter of the Social Ventures Foundation, a non-profit, non-sectarian organization focused on identifying, promoting and investing in businesses and startups that have developed products, services and/or jobs which sustainably lift the livelihoods of the poor.
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Thought Leader Poverty News
Technology will not save the world. We will... This is the title of an article by Jonathan Margolis in the September 4th issue of The Financial Times. He goes onto say that, "technology is marvelous but... the ideas to deliver it's benefits through innovations like refrigeration and the like could only spring from human empathy and creativity." The same applies to industry and it's potential application to lift the livelihoods of the poor by employing it's various wheelhouses to develop sustainable solutions to poverty eradication. That is, as opposed to the delegation of this mission to unsustainable governments or NGOs. (Unsustainable here meaning a lack of financial inclusion by way of one-way charitable donations that also are not always properly allocated.) Business can only accomplish this through the human empathy and the creativity of both its leadership and its employees. Nothing short of this will do. Not charity but inclusive capitalism, the empathetic and innovative type. - Marc Marc Blumenthal CEO, Social Ventures Foundation
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EndPoverty 2017 Business Summit News The Social Ventures Foundation introduces EndPoverty 2017, The most important Business Summit of the year, focused on ushering in a new poverty reduction paradigm in response to the proposed Federal cutbacks in national and international poverty programs. November 17 to 19 at the Omni Mt Washington Hotel at Bretton Woods.
This "invitation only" inaugural conference will be limited to 240 participants, Omni Hotels has extended much better than “Hotwire” rates for this summit making it extremely affordable. Accompanying partners of attendees will receive a free stay and an invitation to the Summit to learn about business with a purpose or they can just rest up and relax with a variety of hotel activities to relieve stress before the holiday.
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Click Here To Register For The EndPoverty Business Summit
Thought Leader Stories Wanted
Do you have a personal or enterprise success story that you would like to submit? We have featured several personal statements explaining why our venture is necessary and important in the world today. These statements have also given insight into similar efforts by the authors to eliminate poverty globally and locally. Now that precedence has been set, we want to hear your stories! Have you personally risen out of poverty? Has your business done good work to improve the lives of the poor? If you have a story to tell, and would like to submit it to be featured in a future edition, please contact
[email protected].
EndPoverty Biz Challenge Each week we will feature a pressing Business Challenge that addresses a global poverty problem. We invite our readers to sign up to virtually work in teams on a solution to the Challenge. Biz Challenge Teams will present their outcomes at the Summit.
EndPoverty Business Spotlights Each week, we will feature Businesses and Startups that have invested in products, services, and/or jobs that lift the livelihoods of the poor. Each will be asked to present their case studies and the most outstanding will receive the EndPoverty Business 2017 Awards at the EndPoverty Business Summit at Bretton Woods, NH from November 17 to 19, 2017.
EndPoverty Large Cap GSK Problem: Low-income communities access to vital medication at affordable price points Solution: GlaxoSmithKlein has taken the number one spot for a fifth time on an international scale of companies who best facilitate access to medicine. The independent analysis reviews factors beyond simple price points and distribution including: R&D focused on increasing access, donations, and authentic management of those efforts. Also, corporate response to the recent scandal was sufficiently reparative. The new CEO is Emma Walmsly.
EndPoverty University
Scales for Market Accountability
University of Pennsylvania
The people of Ghana are being cheated in their market places. Without government regulations on proper scale calibration (or access to scales in general) customers are unable to check that they are getting what they pay for. In a letter sent last month to their government, several disgruntled citizens requested a strict implementation of a regulatory system. The Social Ventures Foundation thinks this is a prime opportunity for a startup to source and design cheap but efficient scales for use in Ghanaian markets. Click this link to see the full article: http://bit.ly/2xAUvOf
Problem: Lack of programs that sufficiently support low-income access to post-secondary education
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Solution: Late in 2016, U-Penn launched its "First-Generation Low-Income" program to support students without financial means to attend college. The program allows students a significant discount on tuition, and provides financial, academic, and life-planning guidance to first-generation students. The University President is Amy Gutmann. Click Here To Participate in this Business Challenge
EndPoverty Business Spotlights EndPoverty Small Cap
EndPoverty StartUps
Camden Lutheran
Untapped
Problem: Lack of clean, high-quality quality low-income housing of varied styles
Problem: Emerging market's access to water infrastructure whose scale matches community growth
Solution: Camden Lutheran Housing Inc. is a NJ-based non-profit; however, they do charge basic rent for the units they construct, which keeps them in realm of financial inclusion. For over three decades, the initiative has constructed over 300 residences, each built commendably - to energy-star standards, The Executive Director is Betsy Clifford.
Solution: The startup Untapped operates on a mission of bringing water security to rapidly developing markets via infrastructure and private-market support. Their initial venture, dloHaiti, brought fresh, clean water to citizens of the struggling island nation. The CEO and Founder is Jim Chu.
EndPoverty Employer
EndPoverty StartUps
AFRIpads
Cass Community
Problem: 1) Women's access to gainful employment, and 2) hygienic sanitary pads
Problem: Lack of clean, high-quality quality low-income housing of varied styles
Solution: The 2010 startup AFRIpads supplies reusable sanitary pads to women all over Africa. The company's business model also improves the lives of women by employing them to make the products they use. The cofounders are husband and wife duo Paul and Sofia Grinvalds, both McGill alums.
Solution: Another commendable low-income housing project is housed in Detroit. Cass Community Social Services is also a non-profit that maintains financial inclusion via charging low rent and mortgage. Their tiny homes make for clean, manageable spaces in the city's suburbs. The Director is Rev. Faith Fowler.
EndPoverty Employer
EndPoverty StartUps
Moringa Connect
BIOLITE
Problem: Rural farmers' access to global markets for sale of their products
Problem: Rural access to clean and efficient energy alternatives to heating and lighting
Solution: The startup Moringa Connect, with their lines of tea, oils and lotions (True Moringa), has successfully connected farmers in Ghana with global demand for the newest super-food product: Moringa. Since 2015 they have employed over 2500 farmers consistently. The founder is Kwami Williams.
Solution: BIOLITE has developed several lines of product ranging from lights to open fire containers that cut emisisons and reduce fuel use. They support sales to low-income and rural communities by offering the same products for sale to camping and hiking aficionados. The CEO is Jonathan Cedar.
EndPoverty MicroCredit EndPoverty MicroCredit TALA
Branch International
Problem: Rural poor individuals' access to finance options without required credit history
Problem: Poor and rural access to loan programs and options tailored to their needs
Solution: The App-based finance model of TALA solves the problem of access to finance by bringing instant credit and loan services to the most remote communities. Their app also employs a revolutionary rating system that evaluated credit readiness without the need for an existing credit score. The CEO is Shivani Siroya.
Solution: Many loan programs offered to the poor are simplistic or simply don't have options that fit the needs of the client. In Kenya and Tanzania, Branch solves those problems via their app-based model that employs algorithms that account for more than just economic standing, but also location and occupation, etc. One co-founder is Kiva CEO Matt Flannery.
EndPoverty Investors
EndPoverty Investors
A family office, non-profit, institutional investor,or foundation that has made outstanding sustainable investment(s) in the EndPoverty space.
A family office,non-profit, institutional investor,or foundation that has made outstanding sustainable investment(s) in the EndPoverty space.
RSF Social Finance
Toniic
Finally receiving a much deserved B-corp certification, RSF Social Finance has been investing in the social betterment of others since 1936. Beginning as a simple foundation, the organization has since spread and now provides fellowships, loans, and channels for sustainable investments for clients. The President and CEO is Don Shaffer.
Having the honor of inaugural US Impact Investing Alliance member is not the only noteworthy action of Toniic. Since 2010 the Toniic community has operated on a commitment to impact investing 100% of member assets in areas such as poverty alleviation, education, gender equality, etc. The CEO is Adam Bendell.
BizHarmony Internships EndPoverty Classifieds Each week, we offer free classifieds for student interns, and startups or businesses looking for interns who are passionate about sustainably lifting the livelihoods of the poor. We hope to make introductions online and then invite potential partners to meet in person at the EndPoverty Business Summit 2017.
Social Ventures Foundation seeks a volunteer or intern to assist our editor in the preparation of our weekly newsletter. Please email:
[email protected]
Click Here To submit an internship classified.
EndPoverty Business 2017 Award Nominations We would like you our readers to help us identify and nominate EndPoverty small to large cap businesses, startups, microfinance companies, Investors and employers who have been involved in developing sustainable jobs, products or services which lift the livelihoods of the poor. Once vetted we will place them in this weekly newsletter and invite them to make a case presentation at the EndPoverty 2017 Summit. We very much appreciate your help!
Click Here To submit a EndPoverty Nomination
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