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ANDE Newsletter Volume 35

June 2012

Dear ANDE Friends and Colleagues,

There is only a little more than a week left to apply for the Argidius-ANDE Finance Challenge. We’re partnering with the Argidius Foundation to award approximately $2 million USD to pilot programs increasing access to capital! Take a moment to review competition details below and to share this opportunity with your colleagues.

We are also pleased to share with you ANDE’s 2011 Impact Report. The Impact Report offers a unique perspective on the current state of the SGB sector, the impact of ANDE’s members, and a comprehensive review of our work this past year. Be sure to read highlights of the report below, including links to the report and executive summaries.

ANDE Activities

Sector Events

Sector News & Opportunities

As always, thank you for reading.

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Randall Kempner
Executive Director 


ANDE Activities & Events:

Last Chance to Apply for the Argidius-ANDE Finance Challenge
Around the world, small businesses form the backbone of a healthy economy, generating employment, wealth and ultimately, global prosperity. But these businesses need capital to grow, which, in the developing world, is usually difficult and expensive to procure. To that end, the Argidius Foundation, a charitable foundation promoting businesses as a way to mitigate poverty, and ANDE announce an opportunity for organizations to help unlock financing for small and growing businesses (SGBs) in emerging markets.

The Argidius-ANDE Finance Challenge seeks innovative financial solutions for firms requiring 15,000-200,000 euros (20,000-250,000 USD) in start-up capital. Organizations can submit independently or jointly, adapting a proven method or program, or inventing a new tool for filling the financing gap for SGBs. Four to six finalists will be awarded grants of approximately 200,000-300,000 euros in August to conduct 12-18 month pilot programs. Provided impact targets are met, a grand prize of one million euros will be bestowed in spring 2014 to the most successful pilot. For more information about the challenge guidelines and criteria, please visit http://as.pn/sgbprize. Entries will be accepted until midnight on June 15, 2012. Follow #SGBprize on Twitter for updates on the competition.

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ANDE’s 2011 Impact Report is Now Available
Our 2011 report on SGBs reveals progress in building the SGB sector globally. The actions of impact investors and capacity development providers are featured.
Highlights include:

  • SGB-focused fundraising reached $20 billion over the past decade: Although this number is significantly less than both microfinance and private equity fundraising, the space is gaining momentum. The research demonstrates strong growth: over the past three years, fundraising targets for funds focused on SGBs increased by 71 percent, reaching $3.73 billion in 2011. During this same time, 102 SGB funds completed fundraising efforts and began making investments.
  • New tools utilized to measure social and environmental performance: Working with the Impact Reporting and Investment Standards (IRIS) and the Global Impact Investment Ratings System (GIIRS), ANDE was able to assess not just financial but also social and environmental performance of the companies that our members support. 628 SGBs were examined and through the use of a common framework, additional indices—such as quality jobs, gender equality and environmental sustainability—were reviewed for the first time. ANDE hopes to expand the use of this tool in the future to track and compare trends across countries and sectors.
  • To date, ANDE members have made 4,143 investments of $20,000 to $2 million: In 2011, ANDE members made sizable investments in supporting start-ups and small businesses: 37 members invested $750 million across 1,075 investments. $112.6 million was provided for capacity development—or business development—activities. ANDE itself exceeded growth targets this past year, gaining 54 new members, ending the year with 143. Our members now work in virtually every developing country around the world.

To download the full 2011 Impact Report and Executive Summary (available in English, Spanish, French, and Portuguese), please visit: http://www.aspeninstitute.org/ande.

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2012 Metrics & Evaluation Conference- Registration Closing Soon
June 12-13, 2012
Washington, DC

The ANDE Metrics & Evaluation Conference is a two-day, hands-on workshop that will take place at the Aspen Institute in Washington, DC. This year, we will take stock of impact measurement in the sector and define our vision for the future. The conference will include sessions geared to improve the metrics that we track and the ways that we report, showcase new research, determine potential collaboration, and highlight innovation. Registration is $150 for ANDE members and $400 for non-members, which includes the full two day conference, breakfast, and lunch. Limited scholarships are available for ANDE members. Questions? Contact Genevieve Edens. Registration is open, and space is limited.

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Training Opportunity: Management Best Practices for the Social Sector

We are excited to announce the upcoming training "Management Best Practices for the Social Sector" open to all ANDE members and their portfolio companies. This training will concentrate on equipping supervisors with best practices for effective management in multi-cultural, geographically dispersed, and resource-scarce organizations. It will cover topics such as ‘productive goal setting’, ‘giving and receiving feedback’, ‘prioritization and time management’, ‘effective delegation’, and ‘building teams and motivating others’ and will be tailored to the specific challenges that many ANDE member organizations are facing as rapidly growing, international organizations.


The training will consist of a two day in-person session that will focus on Management Best Practices, starting at 8:30am and finishing at 5:30pm. An additional one day “train-the-trainer” session will also be offered in which participants will be equipped to replicate a subset of the two-day session back at their member organizations or with other stakeholders. Completion of the two-day Management Best Practices training is a pre-requisite for the train-the-trainer session. Please feel free to reach out to Elizabeth Mercer at Acumen Fund, Inc. with any questions.

  • San Jose, Costa Rica (June 12-14)
  • New York City (July 10-12)

This training is co-sponsored by Acumen Fund and Root Capital. It is funded through the ANDE Capacity Development Fund.

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ANDE Investment Manager Training- Last Chance!
August 6-10, 2012
Belo Horizonte, Brazil

ANDE is hosting its fourth investment manager training in Belo Horizonte, Brazil from August 6-10, 2012. This five day training course for mid-level management covers the entire investment process - from deal sourcing and due diligence to term sheets, ongoing business support, and exit strategies. Course material is largely based on ANDE member experiences and case studies. This training has previously been held in Kenya, Mexico, and India, and we are excited to bring it to Brazil. Registration is now open for ANDE members. For questions, please contact Jenny Everett.

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Save the Date: 2012 ANDE Annual Conference
September 26-28, 2012
Glen Cove, New York (Just outside of New York City)

In 2012, ANDE will return to Glen Cove for our annual member meeting. Each year, the ANDE Annual Conference is the largest gathering of members from around the globe.  The event is targeted at high-level executives of ANDE member organizations, including leading investors, capacity development providers, foundations, corporates, and research institutions.  The highly interactive agenda features workshops on solutions to common challenges, networking sessions, and plenaries with leading thinkers in the SGB space.  The ANDE Annual Conference is designed to deliver the following value:

  • Build stronger relationships and promote collaboration among ANDE members
  • Provide a forum for developing solutions to common challenges
  • Foster the development of ANDE regional organizations
  • Enable members to realize new funding and investment opportunities
  • Shape ANDE priorities for the following year

Registration will open this summer. Please stay tuned for details, and mark your calendars!

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ANDE is Hiring Regional Chapter Coordinators in Brazil, East Africa, and South Africa!
ANDE’s Regional Chapters seek to promote collaboration and knowledge sharing among local ANDE members, to serve as a conduit to global ANDE activities, and to support regional activities and advocacy efforts that support small and growing businesses (SGBs) in the region. Chapter Coordinators manage local activities and support chapters in achieving their priorities. We are currently hiring for our Brazil, East Africa, and South Africa chapters. For details on each of the open positions, and how to apply, please visit ANDE’s Careers Page.

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New Members

  • businesspartners 2Business Partners Limited is a specialist risk finance company for formal small and medium enterprises (SMEs) in South Africa, and selected African countries. Their service offering – determined by the needs of the entrepreneur, the viability of the business and the risk assessment and expected return for Business Partners, includes: risk finance solutions, mentorship, consulting and technical assistance services; real estate broking, management and consulting services. Over recent years Business Partners has expanded into Africa by establishing risk finance funds in Madagascar, Kenya, Rwanda and Mozambique. A new risk finance fund has been finalised to support SMEs in Namibia, Zimbabwe, Zambia and Malawi.
     
  • degDEG, a subsidiary of KfW, is one of the largest European development finance institutions for long-term project and company financing. Headquartered in Germany, DEG invests in profitable projects that contribute to sustainable development in all sectors of the economy, from agriculture to infrastructure and manufacturing to services. They also focus on investments in the financial sector in order to facilitate reliable access to capital locally. To date, DEG has worked with more than 1,600 companies, and their current portfolio of more than 5.6 billion euros has contributed to an overall investment volume of 39 billion euros. DEG’s aim is to establish and expand private enterprise structures in developing and transition countries, and thus create the basis for sustainable growth and a lasting improvement in the living conditions of the local population.
     
  • IFM_2Founded in 2010 by two microfinance specialists, one of the founders of BlueOrchard and of Microfinanza Rating, Impact Finance provides mainly debt to companies within value chains that generate a positive social, economic and environmental impact at the Base of the Pyramid. It manages an open-ended fund based in Luxembourg called the Impact Finance Fund, with quarterly liquidities. In addition to the Fund, Impact Finance has created an impact monitoring system that enables the companies to self-monitor their impact and report it to their stakeholders. Impact Finance has also set up a small department called the Incandescent Lab, a project accelerator that supports organizations to plan for scalability and for sustainability and become investable.
     
  • KarisimbiDarkBased in Rwanda, Karisimbi Business Partners is a socially-motivated management consulting firm that builds SGBs in East Africa by guiding and developing management capacity. Karisimbi Partners works with promising businesses in virtually every sector, adding value in the form of strategic insight, decision-making analysis, interim management, strategic partnership and investment, as well as ongoing advisory services. These practical efforts seek to alleviate poverty, improve community, shape industry and inspire others… one business at a time.

Sector Events:

Forum for Social Entrepreneurship in the New Economy
June 15-17, 2012
Rio de Janeiro, Brazil

The Forum for Social Entrepreneurship in the New Economy will run parallel to the United Nations Rio+20 Earth Summit to discuss challenges and opportunities for social entrepreneurship in the new economy. It will take place in Rio de Janeiro, from June 15-17 as an initiative led by Fundación Avina, Ashoka, Roberto Marinho Foundation and Skoll Foundation. The event will include a panel, on 16th June, to discuss the challenges of building an ecosystem to support inclusive businesses, where several ANDE members will participate as panelists. For more information, please click here to send an email. 

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The African Diaspora Marketplace
June 22-23, 2012
Washington, DC

The Western Union Company and the United States Agency for International Development (USAID) have launched the second African Diaspora Marketplace (ADM II). The ADM II initiative encourages sustainable economic growth and employment in Africa by supporting U.S.-based African Diaspora entrepreneurs and other entrepreneurs with innovative ideas for start-up and existing businesses. ADM II finalists will participate in the Marketplace event which will take place June 22-23 at The George Washington University. Awards will be announced at a ceremony which will feature a Q&A session which includes philanthropist Tony Elumelu. If interested in more information, please email info@diasporamarketplace.org.

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Impact Forum 2012
June 25-26, 2012
Singapore

Impact Investment Exchange Asia and Impact Investment Shujog are presenting Impact Forum - a global conference focusing on examining the latest developments in impact investing and social enterprise in Asia Pacific. Impact Forum will bring together bankers, lawyers, social entrepreneurs, academics, government officials, and other impact investment/social enterprise stakeholders from around the world. The theme of this year's event is Igniting Capital Markets for Social Good; this event, the first of its kind in Singapore, will be a unique opportunity to learn, engage and deepen experiences and relationships in the Asian impact investing space.
ANDE’s Executive Director, Randall Kempner, is speaking at the event and is eager to connect with ANDE members in the region. If you will be in Singapore during the conference, please email Jack Garvey.

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Global Innovation Summit: Cultivating Innovation Ecosystems
July 16-18, 2012
San Jose, California

How can the development community scale from supporting individual entrepreneurs to building dynamic innovation ecosystems that will enable hundreds of entrepreneurs to flourish, create jobs, and serve as role models for the next generation of entrepreneurs? Hundreds of impact investors, government officials, foundations, NGO executives, and senior leaders from international financial institutions will convene in Silicon Valley to discuss these and related issues at the Global Innovation Summit. ANDE's Executive Director, Randall Kempner, will be a featured speaker at the event.

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Opportunity Collaboration
October 14-19, 2012
Ixtapa, México

Opportunity Collaboration is a four-day problem-solving, strategic retreat for nonprofit leaders, for-profit social entrepreneurs, grant-makers and social investors engaged in economic justice enterprises. On World Poverty Day, break down the silos of unproductive competition and go beyond the boundaries of conventional poverty alleviation. The gathering leverages resources, shares innovations, enlists allies, builds coalitions and creates force multipliers.

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Social Enterprise World Forum - Fórum Mundial de Negócios Sociais 2012
October 16-18, 2012
Rio de Janeiro, Brazil

The Social Enterprise World Forum (SEWF) is among the premiere global events focused on building a social enterprise movement worldwide. The overall theme of SEWF2012 is the growing field of impact investing, and will focus on attracting new investment capital for social enterprise. The SEWF2012 is being hosted by NESsT, a pioneer of social enterprise since 1997, that has supported the development of over 2,600 social enterprises addressing critical social problems in emerging market countries. For more information and registration details for SEWF2012, visit the event website. ANDE members are eligible for a discount on early bird and regular registration. Please email Jack Garvey for ANDE discount details.

Sector News & Opportunities

Goldman Sachs 10,000 Women Recruiting – Peru
10,000 Women program in Peru is recruiting women for its next cohort of 10,000 Women scholars in Lima.  The 10,000 Women certificate program in Peru was launched by Goldman Sachs and the Goldman Sachs Foundation in partnership with the Multilateral Investment Fund (MIF) of the Inter-American Development Bank, Mibanco, a leading micro-finance institution in Latin America, Universidad del Pacífico and Thunderbird School of Global Management  The program seeks to recruit women with existing SMEs in and around the city.  The Peru program has already graduated over 300 women from cohorts in Lima, Cajamarca, Arequipa and Trujillo. To qualify for the program, women business owners must meet the following criteria:

  • Secondary education
  • Ability to read and write in Spanish
  • Peruvian citizenship
  • At least three years of business experience
  • Current business in existence for at least one year
  • At least five employees
  • Women must have a motivation to expand their businesses
  • The business must have excellent potential for growth

Please click here for more information about the program. If you know of qualified women, please direct them to: Mariel Rotstain for further information.

10,000 Women is a five-year investment by Goldman Sachs to provide 10,000 underserved women around the world with a business and management education. To find out more about 10,000 Women, click here.

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USAID welcomes entrepreneurs and innovators to apply to the new "Innovation Fund for the Americas"
At the recent Summit of the Americas in Colombia, President Obama announced a new Innovation Fund for the Americas (IFA) to support cost-effective and innovative solutions to some of the Latin American and Caribbean region's toughest development challenges. Using the Development Innovation Ventures staged financing model of up to $15 million in grant funding, IFA will pilot, rigorously test, and bring to scale promising projects with the potential to significantly (rather than incrementally) improve development outcomes. More information and application instructions can be found here. To apply for up to $15 million in grant support for innovative solutions in other parts of the developing world, please visit USAID's Development Innovation ventures.

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Emerging Stars Television Program Seeks High-Impact Entrepreneurs
Emerging Stars will be a new weekly business TV-series with charismatic, high impact entrepreneurs in emerging countries, who will inspire a global audience with their achievements and expertise. The series will broadcast on many global TV stations and websites. Each episode features several entrepreneurs, in diverse countries and industries, who have triumphed by transforming challenges into opportunities. The TV series guides viewers to a website that offers a comprehensive range of informative ontent and inspirational stories.

  • Are you an organization supporting high-impact entrepreneurs in emerging economies? Do you have entrepreneurs we could feature in our TV-series? Then, let us know by contacting Emily on emily@africareport.com.
  • Are you interested in supporting the project? Becoming a partner/donor will contribute to the success of the project and will help to promote awareness of your activities. Contact Emily on emily@africareport.com

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HCD Connect Microgrants Seek Human-Centered Design Solutions for Agriculture
HCD Connect is an online platform where human-centered designers working on challenges in low-income communities can share their experiences, ask questions, and connect with others working in similar geographic areas or on similarly focused projects. It was built by IDEO.org with support from IDEO and the Bill & Melinda Gates Foundation. Recently, IDEO.org launched its HCD Connect microgrant program. During this funding period (Applications are accepted through July 15), they are awarding $5,000 and $10,000 grants to projects using human-centered design to tackle agriculture-related challenges around the world. Please visit their website for more details.

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Unreasonable at Sea: Tech Entrepreneurs to Circumnavigate the Southern Hemisphere on a Ship!
Unreasonable at Sea is open for applications! Unreasonable at Sea is a mentor driven accelerator program for entrepreneurs who desire to take their ventures into new international markets. They are working exclusively with technology based companies who are working to solve the greatest social and environmental challenges of this century. What makes this so Unreasonable? The 100 day accelerator program will take place on a ship as it travels more than 25,000 nautical miles and circumnavigates the Southern Hemisphere (see the route). If you fit the profile, or you can think of an entrepreneur you know who does, make certain to check out all the details. Check out this 2 minute video to learn more. Please apply by June 20.

 

Research

This section contains research updates and other reports from the sector. To learn more about ANDE’s Research Initiative, click here.

From Blueprint to Scale: The Case for Philanthropy in Impact Investing
Monitor and Acumen Fund

Many investors indicate challenges in finding opportunities to invest with impact. This study finds that impact capital alone will not unlock the potential of impact investing for the global poor. Because of the extreme challenges facing those who are pioneering new models for inclusive business, truly realizing the impact in impact investing will require more, not less, philanthropy, and will need that philanthropic support to be delivered in new ways.

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From Potential to Action: Bringing Social Impact Bonds to the US
McKinsey & Company

In this report, McKinsey & Company explains how social impact bonds (SIBs) are structured, assesses their potential in two specific program areas (homelessness and criminal justice), describes the various stakeholder groups involved, and presents the results of a pro forma analysis of a hypothetical SIB.

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Entrepreneurship in Postconflict Zones
The Civil Society, Markets, and Democracy initiative at the Council on Foreign Relations.

In this Working Paper, Gayle Tzemach Lemmon argues that entrepreneurship is a powerful tool for reconstruction and economic development in post-conflict countries. In particular, small and medium-sized enterprises drive economic growth and create jobs, but often struggle to find the necessary capital, markets, and business skills to grow and expand.


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 The Aspen Network of Development Entrepreneurs
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About ANDE 

The Aspen Network of Development Entrepreneurs (ANDE) is a global network of organizations that propel entrepreneurship in emerging markets. The network's 150+ members provide critical financing and business support services to small and growing businesses that create positive economic, environmental, and social impacts in developing countries.

Follow ANDE on Twitter! @AspenANDE Click here


Upcoming ANDE
Meetings and Calls

For a complete list, please visit the ANDE Events Page

East Africa Chapter Meeting
June 8, 2012
9:00 AM – 1:00 PM

Sector Update Call
June 20, 2012
11:00 AM EDT

Youth Working Group
June 26, 2012
10:30 AM EDT

For more information on any of these upcoming events or to submit items to the newsletter, email Jack Garvey. 


Featured ANDE Member:

fate.foundation

FATE Foundation is a non-profit, private sector-led organisation created in March 2000 to tackle the high rate of unemployment and poverty in Nigeria. The mission of FATE is to foster wealth creation by promoting Business and Entrepreneurial development among Nigerian Youth with the aim of fostering the establishment and growth of over 1,000 businesses by 2005 and 5,000 businesses by 2015. For a complete list of ANDE members, please click here.


Jobs in the Network:
For the most recent listing and details, please visit our Career Resources Page.
Click here.

ANDE in the News:
Increased Support for Small And Growing Businesses Helps Advance Emerging-Market Prosperity
Fast Company


For a complete list of news articles featuring ANDE, please click here.
 

 


 




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