Category Archives: venture philanthropy

The Elders- a Group of World Leaders for Humanity

On July 18th, Nelson Mandela launched the Global Elders, a group of leaders that will contribute their wisdom, independent leadership and integrity to tackle some of the world toughest problems. The founding members of this group are Desmond Tutu, Graça Machel, Koffi Annan, Jimmy Carter, Li Zhaoxing, Mary Robinson, Muhammad Yunus, Ela Bhatt and Gro Harlem Brundtland. The Elders was an idea conceived by Richard Branson and Peter Gabriel. In a recent article of Businessweek, Richard Branson explains “Peter Gabriel and I started a journey with Nelson Mandela several years back when we felt the world was rapidly becoming a global village, yet we had no advisers who were driven by what ‘s best for humanity rather than what’s best for the military, the economy, or a political group.We hope this group will become the elders of our global village and play a role in alleviating human suffering.” Mandela in his speech said “The Elders can speak freely and boldly, working both publicly and behind the scenes on whatever actions need to be taken. Together we will work to support courage where there is fear, foster agreement where there is conflict and inspire hope where there is despair.”
It is an impressive group of doers and also backed by powerful entrepreneurs. We are living in an unprecedented point in time when huge problems can be tackled and solved as there is the willingness, the funds, the ideas and the people that can do it. If you want to share your thoughts on the role of the Global Elders click here.

The Converging Worlds: Social and Business

The business (corporate sector) and the social worlds are converging. We could call this a megatrend and it continues to gain momentum. One has seen this through microfinance where an effective development tool initially created in the social/NGO/NPO world have given birth to numerous microfinance institutions that have become sustainable and profitable. Microfinance now attracts funding/investment from both capital markets (commercial banks, asset managers, private investors) and foundations. Social entrepreneurs are also another major force behind this and no doubt that Microfranchising also links these two worlds.
One can also see it through the new partnerships between players of these two worlds especially as the multinational corporations and their executives team up with social activists and NGOs to market products to the 4 billion people at the base of the pyramid (BOP). C.K. Prahald, one of the leading advocates of BOP opportunities, has recently co-authored with Jeb Brugmann, a very interesting article in the February Harvard Business Review titled Cocreating Business’s New Social Compact. It is an excellent read (even if you have to pay for the copy to download) for those who are interested in these new partnerships. Many examples are cited including British Petroleum, Healthstore Foundation, and ICICI.

CGAP expands programs linking technology and microfinance

CGAP will accelerate its quest for technology solutions that can bring critical financial services to billions more of the world’s poor thanks to the $24mn grant by the Bill and Melinda Gates Foundation. CGAP has been providing for the past few years an increasing range of technology services to MFIs and financial institutions. Most of this funding will support pilots to expand access to financial services with new technology approaches (using mobile phones, POS and card based technologies for deposits, payments, remittances). CGAP has selected 9 project ideas for further development together with institutions in Colombia, Kenya,Mexico, Mongolia, Pakistan, Philippines, South Africa and the Maldives. This is very good news as the majority of the unbanked live in rural and remote areas where the nearest bank is very far away.

Warren Buffet gives over $30bn to the Gates Foundation

The biggest news this week. One of the most respected investors in the world, Warren Buffet gave the bulk of his wealth ($31bn) to Bill and Melinda Gates Foundation There is a video clip on the foundation website that covers this event which is highly recommended to watch. Just 10 days earlier Bill Gates had announced that he will be handing over his role as the chief software architect of Microsoft to concentrate on the work of his foundation. Bill Gates and Warren Buffet are taking venture philanthropy to new heights and inspiring other wealthy people to follow their formidable example. Also because of who they are the coverage of this news all over the media is reaching the whole business and financial community. The impact is unmeasurable. Thanks Warren, Bill and Melinda.

Lots of good will

We must be living in good times. There are certainly big problems in the world but there seems to be lots of good will or more good will then I could ever remember seeing/ hearing/feeling. People of all ages seem to be kinder and more giving now than before. They would like to within their limits give either time or money for something they believe is right. How could the world benefit from all this good will.? A website where people could easily search by location, area, project and find what they could help either with time or money could be handy. At least the new innovative companies and foundations such Kiva and globalgiving are making it easier for people to loan or give directly to projects around the world.
Another entity that sounds interesting is micromentor but I have not looked it in depth.