Social enterprise – Virt Ent http://virtent.com/ Thu, 22 Sep 2022 12:45:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://virtent.com/wp-content/uploads/2021/10/icon-23-120x120.png Social enterprise – Virt Ent http://virtent.com/ 32 32 Lord Kamall to become British civil society minister | The social enterprise magazine https://virtent.com/lord-kamall-to-become-british-civil-society-minister-the-social-enterprise-magazine/ Thu, 22 Sep 2022 12:45:00 +0000 https://virtent.com/lord-kamall-to-become-british-civil-society-minister-the-social-enterprise-magazine/ Lord Syed Kamall will become Westminster’s new Civil Society Minister, the Department for Digital, Culture, Media and Sport (DCMS) announced on Thursday. Kamall, who was appointed Parliamentary Under-Secretary of State at DCMS on September 20, 2022, would take over after the departure of former civil society minister Nigel Huddleston, now the government whip. Kamall, professor […]]]>

Lord Syed Kamall will become Westminster’s new Civil Society Minister, the Department for Digital, Culture, Media and Sport (DCMS) announced on Thursday.

Kamall, who was appointed Parliamentary Under-Secretary of State at DCMS on September 20, 2022, would take over after the departure of former civil society minister Nigel Huddleston, now the government whip.

Kamall, professor of politics and international relations at St Mary’s University, Twickenham, has been a member of the House of Lords since February 2021.

Before the Covid-19 pandemic, according to his website, he was working with others on a microfinance project to provide online loans to entrepreneurs in poor communities, “and hopes to resume this project when possible”. He is also involved in setting up a network of local charities to “help inspire and incubate more neighborhood non-state projects”.

Peter Holbrook, CEO of Social Enterprise UK, was the first to announce the news today on Twitter. People familiar with the matter later confirmed the information with pioneer post.

Prior to his current role at DCMS, Kamall was Parliamentary Under-Secretary of State for Technology, Innovation and Life Sciences in the Department of Health and Social Care.

Between 2005 and 2019, he was a Conservative Member of the European Parliament in London. He was leader of the political group of Conservative and Reform MEPs between 2014 and 2019.

According to his website, Kamall is the son of a bus driver. He worked as a corporate IT systems analyst for a bank before undertaking a PhD, then moved into academic research and teaching on international trade and business as an academic and research director at the Institute of Economic Affairs.

He left academia to work as a strategy, public affairs and diversity consultant, according to his biography.

Top photo credit: European Conservatives and Reformists Group Making Europe Work Again via Wikimedia Commons.

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Meet IncomeMax, the social enterprise helping vulnerable people across the UK find new income https://virtent.com/meet-incomemax-the-social-enterprise-helping-vulnerable-people-across-the-uk-find-new-income/ Tue, 20 Sep 2022 04:55:28 +0000 https://virtent.com/meet-incomemax-the-social-enterprise-helping-vulnerable-people-across-the-uk-find-new-income/ The UK has one of the strongest economies in the world due to its manufacturing, service, construction and tourism sectors. Despite its prosperity, statistics show that millions of British residents fall below the poverty line. This social issue prompted entrepreneur Lee Healey to set up the UK community benefit company IncomeMax to help people find […]]]>

The UK has one of the strongest economies in the world due to its manufacturing, service, construction and tourism sectors. Despite its prosperity, statistics show that millions of British residents fall below the poverty line. This social issue prompted entrepreneur Lee Healey to set up the UK community benefit company IncomeMax to help people find new income, claim the benefits they are entitled to and make better financial decisions. According to Healey, social enterprise was created to “treat people better, care for them, and help them get the support they need.”

Healey, who is trained as a benefits adviser for the Department for Work and Pensions, founded IncomeMax in 2009. Over a decade the business has grown and now employs 30 full-time staff. He and his team have also helped vulnerable people find over 30 million in new income.

The company’s vision had a ripple effect. This not only helps households in need, but it also paves the way for the government to welcome more people and for the community to have a sense of awareness of what is happening. This, in turn, allows Healey and the team to continue. “I became more and more passionate about embracing vulnerability and helping government find ways to help people thrive. I am a passionate campaigner through my work with IncomeMax on social media for a kinder, more compassionate social security system,‘ Healey said.

IncomeMax’s business model has proven to be successful and has resulted in the company receiving numerous awards and accolades. Its most recent award came from the British Credit Awards 2022, where the company won the innovation and technology award. IncomeMax also won Best Outsourcing and Partnering Initiative: Solutions for Vulnerable Clients and Vulnerable Client Strategy of the Year: Debt Counseling at the 2020 Credit Awards.

It’s not just vulnerable families who find value in IncomeMax, but even its corporate partners are feeling the social and economic benefits of working with the company. “We are proud to have worked with IncomeMax for over three years to provide the SSE Benefit Entitlement Verification Service. During this period, more than 4,000 customers have been helped, and more than 7.8 million have been identified in addition to income. We look forward to continuing the work we have done together to ensure our most vulnerable customers have access to the expert support and advice provided by IncomeMax,says Tanya Robertson, Customer Service Manager at SSE.

True to its core values, IncomeMax reinvests its profits to benefit the people for whom it was created. Healey himself consistently donates a large amount to various charities through IncomeMax. He believes that dedicating his life to helping vulnerable people maximize their income is the path to a better society.

Lisa Kelly
Senior Journalist
https://www.afp.com

COMTEX_414832341/2776/2022-09-19T23:16:37

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Social enterprise Thrive Group Wales in Neath Port Talbot welcomes new trustees https://virtent.com/social-enterprise-thrive-group-wales-in-neath-port-talbot-welcomes-new-trustees/ Thu, 15 Sep 2022 14:43:55 +0000 https://virtent.com/social-enterprise-thrive-group-wales-in-neath-port-talbot-welcomes-new-trustees/ Thrive Group Wales, the social enterprise that supports Neath Port Talbot’s Thrive Women’s Aid, has welcomed four new trustees. James Davies, Principal at Tata Steel, Leigh Hughes, Director of Business Growth and Social Value at leading construction contractor Bouygues UK, Simon Pridham, Founder and Managing Director of learning technology company Aspire2Be, and Kathryn Chadwick, Founder […]]]>

Thrive Group Wales, the social enterprise that supports Neath Port Talbot’s Thrive Women’s Aid, has welcomed four new trustees.

James Davies, Principal at Tata Steel, Leigh Hughes, Director of Business Growth and Social Value at leading construction contractor Bouygues UK, Simon Pridham, Founder and Managing Director of learning technology company Aspire2Be, and Kathryn Chadwick, Founder and Director of Digital Marketing and Public Relations Front Door Communications, joined the social enterprise’s Board of Directors.

Thrive Group Wales is a social enterprise which includes cleaning and catering services and Playhem, a play center in Port Talbot. All profits from Thrive Group’s activities are distributed directly to Thrive Women’s Aid, which supports victims and survivors of domestic violence in the Neath Port Talbot area.

It has enjoyed a period of substantial growth over the past five years, increasing its turnover from £48,000 in 2017 to around £500,000 in 2020/21. She has cleaning contracts with many local companies including Bouygues UK, Morganstone, Morgan Sindall, Andrew Scott, BAM, John Weaver, Buckingham, Castell Group and GJL.

James Davies is from Port Talbot and has held various management positions at Tata Steel UK including as Chief Engineer and is currently works manager of its steel and slab operation. He leads a large team at Tata Steel and will bring his extensive experience and belief in collaborative communication and leadership to the role at Thrive.

Leigh Hughes leads business growth and social value at Bouygues UK, which is building Pentre Awel in Llanelli and developing the new Kingsway site in Swansea, and is also Welsh Chairman of the Construction Industry Training Board (CITB) and Chairman of Employment and Consulting skills in the Cardiff capital region. Leigh seeks to bring her knowledge and business development acumen to social enterprise.

Former Welsh Government director and digital education adviser Simon Pridham founded Aspire2Be over a decade ago. The company was bought by leading training and education provider Educ8 earlier this year. Simon will support the Thrive group in its digital development, as well as in its training offer.

Kathryn Chadwick is a former print and BBC journalist who founded Front Door Communications, a public relations and digital marketing agency, in 2017. Originally from Pontypridd, she will help Thrive Group with its communications, both internal and external. external.

Lucy Reynolds, CEO of Thrive Group Wales and Thrive Women’s Aid, said of the appointments: “We would like to thank the outgoing directors for their help, guidance and support over the past few years. They guided Thrive Group Wales through a period of massive growth, as well as navigating the pandemic period, for which we will always be extremely grateful.

“When we put out a call for new directors, we were overwhelmed with the caliber of people interested in working with us on the next stage of Thrive Group Wales’ development, and so we are very pleased to welcome our four new directors. , all of which bring something very different to the table.

“I look forward to working closely with them to ensure Thrive Group Wales realizes the potential we know it has.”

James Davies said of his appointment: “I believe passionately in the adage that ability without opportunity is nothing, and so I am committed to creating platforms where I can share my experience and support development. and the growth of institutions and businesses, which in turn have a positive impact on society.

“I look forward to working with Thrive Group Wales and my fellow directors to ensure that the social enterprise’s activities are sustainable, based on sound business principles and on a solid financial footing – so that we can continue to support those who need.”

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Searcys acquires social enterprise restaurant Brigade Bar + Kitchen https://virtent.com/searcys-acquires-social-enterprise-restaurant-brigade-bar-kitchen/ Thu, 08 Sep 2022 14:15:00 +0000 https://virtent.com/searcys-acquires-social-enterprise-restaurant-brigade-bar-kitchen/ The move – which will see Searcys take over day-to-day running of the Tooley Street site – also incorporates an ongoing commitment to founder Simon Boyle’s Beyond Food Foundation, Searcys’ charity partner since 2018. Housed in the capital’s oldest fire station, Brigade is known for its wood-fired cuisine and now offers an all-day menu of […]]]>

The move – which will see Searcys take over day-to-day running of the Tooley Street site – also incorporates an ongoing commitment to founder Simon Boyle’s Beyond Food Foundation, Searcys’ charity partner since 2018.

Housed in the capital’s oldest fire station, Brigade is known for its wood-fired cuisine and now offers an all-day menu of British classics alongside a creative new cocktail menu.

Founded in 2004, Beyond Food today embodies an inclusive approach to engage all young people in need. The charity supports individuals towards positive change by offering life-changing internships, practical training and development courses – primarily in the hospitality sector – with the aim of helping individuals find a full time job.

A series of supper clubs, parties, masterclasses and tastings are currently planned to ensure continued and regular fundraising for the Beyond Food Foundation.

“As a company, we are committed to acting with a social purpose and we understand the important role food can play as a catalyst for change in the community,” said Paul Jackson, CEO of Searcys.

“As we celebrate our 175th anniversary, we have pledged to raise £175,000 for charity and social causes and as such our partnership with Beyond Food and The Brigade could not have come at a better time. .”

Boyle added, “Having worked closely with Searcys for over four years, I can say with confidence that our vision of using food as a catalyst for social change is totally aligned. It will be amazing to be able to provide recipients of our program with the opportunity to learn new skills and reshape their lives through hands-on experience and work opportunities with Searcys. »

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Searcys takes over day-to-day management of social enterprise restaurant Brigade Bar + Kitchen https://virtent.com/searcys-takes-over-day-to-day-management-of-social-enterprise-restaurant-brigade-bar-kitchen/ Thu, 08 Sep 2022 14:15:00 +0000 https://virtent.com/searcys-takes-over-day-to-day-management-of-social-enterprise-restaurant-brigade-bar-kitchen/ The move also incorporates an ongoing commitment to the Beyond Food Foundation from Simon Boyle, a charity partner of Searcys since 2018. Housed in the capital’s oldest fire station, Brigade is known for its wood-fired cuisine and now offers an all-day menu of British classics alongside a creative new cocktail menu. Founded in 2004, Beyond […]]]>

The move also incorporates an ongoing commitment to the Beyond Food Foundation from Simon Boyle, a charity partner of Searcys since 2018.

Housed in the capital’s oldest fire station, Brigade is known for its wood-fired cuisine and now offers an all-day menu of British classics alongside a creative new cocktail menu.

Founded in 2004, Beyond Food today embodies an inclusive approach to engage all young people in need. The charity supports individuals towards positive change by offering life-changing internships, practical training and development courses – primarily in the hospitality sector – with the aim of helping individuals find a full time job.

A series of supper clubs, parties, masterclasses and tastings are currently planned to ensure continued and regular fundraising for the Beyond Food Foundation.

“As a company, we are committed to acting with a social purpose and we understand the important role food can play as a catalyst for change in the community,” said Paul Jackson, CEO of Searcys.

“As we celebrate our 175th anniversary, we have pledged to raise £175,000 for charity and social causes and as such our partnership with Beyond Food and The Brigade could not have come at a better time. .”

Boyle added, “Having worked closely with Searcys for over four years, I can say with confidence that our vision of using food as a catalyst for social change is totally aligned. It will be amazing to be able to provide recipients of our program with the opportunity to learn new skills and reshape their lives through hands-on experience and work opportunities with Searcys. »

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UK social enterprises number 450,000+, government study finds | The social enterprise magazine https://virtent.com/uk-social-enterprises-number-450000-government-study-finds-the-social-enterprise-magazine/ Thu, 08 Sep 2022 10:00:00 +0000 https://virtent.com/uk-social-enterprises-number-450000-government-study-finds-the-social-enterprise-magazine/ The latest UK government research identified 456,000 social enterprises in the UK employing 1.9 million people. This finding is similar to the sector wide described in previous government research, but much larger than the 100,000 social enterprises identified by Social Enterprise UK. Social Enterprise: 2019 Market Trends was published on 31 August 2022. It was […]]]>

The latest UK government research identified 456,000 social enterprises in the UK employing 1.9 million people.

This finding is similar to the sector wide described in previous government research, but much larger than the 100,000 social enterprises identified by Social Enterprise UK.

Social Enterprise: 2019 Market Trends was published on 31 August 2022. It was written by the Center for Enterprise and Economic Development Research (CEEDR) at Middlesex University Business School and commissioned by the Civil Society and Youth Directorate of the Department for Digital, Culture, Media and Sport (DCMS) which coordinates UK government social enterprise policy.

The research aims to identify the number of social enterprises among small businesses in the UK, using the DCMS definition which includes social enterprises in the voluntary sector as well as mission or purpose enterprises with legal forms from the private sector. The researchers point out that the figures were gathered before the Covid-19 pandemic.

One in ten small businesses in the UK are social enterprises

Researchers estimate that there are 131,000 social enterprises with employees within the UK’s small and medium-sized business population – businesses that have 250 or fewer employees.

This means that almost one in ten small and medium-sized businesses in the UK that employ people are social enterprises.

The researchers also found 325,000 sole traders who meet the definition of social enterprise.

“Given current concerns about health and socio-economic factors related to the Covid-19 pandemic and Brexit, this report is an important policy tool,” the researchers write in the report’s introduction.

“Social enterprises of various types have a key role to play in helping local economies build back ‘better’ (and fairer), in line with the government’s industrial strategy, and providing services that are essential to the well-being of local people. individuals and communities across the UK.”

The last time this study was carried out was in 2017, when the figure was 471,000 social enterprises, employing just under 1.5 million people. The researchers note that the two studies are not directly comparable.

The most recent survey from Social Enterprise UK, the representative body for social enterprises, calculated 100,000 social enterprises across the country, using a different definition, as well as including businesses with more than 250 employees.

Social enterprise in the UK: the latest facts and figures

  • There are 131,000 social enterprises with employees
  • 35,000 of the 131,000 social enterprises with employees have legal forms that restrict the distribution of profits and assets
  • There are 325,000 social enterprises which are sole proprietorships
  • Almost 1 out of 10 (9.5%) of UK small and medium-sized businesses that employ people are social enterprises
  • Social enterprises employ 1.9 million people: 1.3 million of them are employees and the rest are working owners and associates
  • Social enterprises are much more likely to report face obstacles in obtaining grants and loans than other small and medium-sized enterprises
  • Social enterprises are much more likely to apply for grants and funding from government and local authorities than other small and medium-sized enterprises
  • Social enterprises are significantly less likely ask for bank overdrafts than other small and medium-sized enterprises
  • Social enterprises are significantly more likely to be involved in health, education, arts, entertainment and personal services and less likely to provide business services than other small and medium enterprises
  • Social enterprises are less likely to be run entirely by men than other small and medium-sized enterprises
  • More social enterprises have leaders of minority ethnic groups than other small and medium-sized enterprises
  • Most social enterprise employers are micro-enterprises (with between one and nine employees)
  • Almost half of the social enterprises that employed people had been in existence for more than 20 years and just over 70% were ten years or older
  • A quarter of social enterprise employers have undertaken public sector employment contract

Source: Social Enterprise: 2019 Market Trends

Social Enterprise: 2019 Market Trends defines social enterprises as “a diverse range of organizations that have an explicit social mission, derive at least 50% of their annual income from commerce, and reinvest at least 50% of their annual surplus in their social mission”. Although this definition includes companies that have legal forms – such as limited liability companies and community interest companies – that restrict the distribution of profits and assets, it is not limited to these.

The report draws its data from the Longitudinal Survey of Small Firms conducted by the Department of Business, Energy and Industrial Strategy.

The researchers note that a narrower definition of social enterprise is used by other organizations that map the sector. The European Union and Social Enterprise UK surveys focus primarily on social enterprises that incorporate asset locking and limits on profit distributions.

Header photo: the team of the social enterprise NEMI Teas, which has four employees. Read more about the growth of this London-based company supporting refugees in our social enterprise profile.

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Social Enterprise Global Forum (SEWF) 2022 for Social Entrepreneurs (Digital Scholarships Available) https://virtent.com/social-enterprise-global-forum-sewf-2022-for-social-entrepreneurs-digital-scholarships-available/ Tue, 30 Aug 2022 12:22:35 +0000 https://virtent.com/social-enterprise-global-forum-sewf-2022-for-social-entrepreneurs-digital-scholarships-available/ Deadline: September 12, 2022 Applications are open for the Social Enterprise Global Forum (SEWF) 2022. The Social Enterprise Global Forum (SEWF) is the flagship event for the global social enterprise community, providing space for people, decision makers, purpose-driven philanthropists, intermediaries and entrepreneurs. connect, learn and be inspired. This year, SEWF22 will be a hybrid event […]]]>


Deadline: September 12, 2022

Applications are open for the Social Enterprise Global Forum (SEWF) 2022. The Social Enterprise Global Forum (SEWF) is the flagship event for the global social enterprise community, providing space for people, decision makers, purpose-driven philanthropists, intermediaries and entrepreneurs. connect, learn and be inspired.

This year, SEWF22 will be a hybrid event taking place online and in person in Brisbane, Australia. The event will feature over 1,500 attendees, over 100 speakers and 55 sessions, making it the largest gathering of motivated local and international changemakers in 2022.

Here’s what you can expect:

  • 2022 Themes: Indigenous Social Enterprise, Climate Solutions, Excellence and Failure, Unusual Suspects, Policies and Systems
  • Inspirational keynotes, panels and fireside chats showcasing big ideas and untold stories
  • Masterclasses led by experts around topics such as impact measurement, financing and investing
  • In-person and online networking opportunities

Eligibility

  • To be eligible, you must reside outside Australia;
  • Fellowships are only available to social entrepreneurs under the age of 30 and young people interested in social enterprise;
  • Be from a low-income, lower-middle-income, or conflict-affected country. The countries in this category were defined by the World Bank Atlas in June 2022. The qualification criterion is the participant’s usual business address. Registrations will be checked and if the address of the participant does not correspond to the category selected, the ticket will be cancelled.

Application

The second round of Digital Pass scholarship applications is open from August 29 to September 12, 2022. Each Digital Pass scholarship recipient will receive a SEWF22 Digital Pass ticket to virtually attend the event.

Click here to apply

For more information, visit SEWF22.

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Two Limerick-based social enterprises among winners of €530,000 social enterprise fund https://virtent.com/two-limerick-based-social-enterprises-among-winners-of-e530000-social-enterprise-fund/ Tue, 16 Aug 2022 15:30:08 +0000 https://virtent.com/two-limerick-based-social-enterprises-among-winners-of-e530000-social-enterprise-fund/ TWO social enterprises based in Limerick are among 28 winners of Rethink Ireland’s Social Enterprise Development Fund and Social Enterprise Start-Up Fund. These funds aim to support and develop social enterprises across Ireland that work to improve the lives of communities. Gorm Media and the Limerick Health Hub are winners of the Social Enterprise Start-Up […]]]>

TWO social enterprises based in Limerick are among 28 winners of Rethink Ireland’s Social Enterprise Development Fund and Social Enterprise Start-Up Fund.

These funds aim to support and develop social enterprises across Ireland that work to improve the lives of communities.

Gorm Media and the Limerick Health Hub are winners of the Social Enterprise Start-Up Fund (2021-2022), an €800,000 fund developed in partnership with the Department of Rural and Community Development through the Dormant Accounts Fund, aimed at supporting social enterprises at start-up and early life.

Gorm Media is a digital media social enterprise whose mission is to unify social, political and cultural differences and advance the belonging of marginalized communities.

Kileely’s Health Hub, a program developed as part of The Learning Hub, emphasizes health education aimed at supporting and educating all age groups.

Dr Pat Daly, Chief Executive of Limerick City and County Council Local Authority, said: “We would like to extend our congratulations to each winner on their success in receiving an award from the Social Enterprise Fund of Rethink Ireland.

“Coming out of an extremely difficult period for Irish society, we are delighted with this good news for Limerick. Social enterprises have an important role to play in helping Ireland become a more inclusive and equal society. Organizations like Gorm Media and Health Hub are leading the charge not only in creating jobs, but in working to bring about positive social change.

Rethink Ireland CEO Deirdre Mortell commented on the winner’s announcement saying: “Social enterprises are part of the social fabric of our communities as they play a key role in developing solutions to the biggest challenges we face. daily. From a toy library that offers rental toys for families to reduce waste, to a therapeutic adventure group focused on solving youth mental health issues, or a welcoming community center that integrates and includes immigrants and refugees into Irish society through support and learning opportunities, social enterprises show a deep level of care for everyone in a community across Ireland. We are so grateful to our supporting partners and are thrilled to have the opportunity to support these wonderful organizations.

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Turning a supply chain into a social enterprise https://virtent.com/turning-a-supply-chain-into-a-social-enterprise/ Tue, 16 Aug 2022 11:29:52 +0000 https://virtent.com/turning-a-supply-chain-into-a-social-enterprise/ For conventional for-profit companies, moving to social impact has huge contradictions. A one-time, small-scale initiative is an inexpensive way to do a little good and receive a nice boost. warm glow In the process. But any attempt to achieve a more serious impact by expanding the initiative is likely to trigger awkward discussions about the […]]]>

For conventional for-profit companies, moving to social impact has huge contradictions. A one-time, small-scale initiative is an inexpensive way to do a little good and receive a nice boost. warm glow In the process. But any attempt to achieve a more serious impact by expanding the initiative is likely to trigger awkward discussions about the value of that warm glow to the business. Thus, the cap remains low on the social impact unless it can be justified in “win-win” terms. Needless to say, this is no small feat.

My recently published case study[1] about Swedish oils and fats producer AAK’s ‘Kolo Nafaso’ program in West Africa describes how a company redefined ‘win-win’ by creating a sustainable and scalable shea butter supply chain . By doing so, AAK was able to use the company as a tool to maximize social impactcreating ripple effects with strongly positive implications for relationships with the company’s most important stakeholders and future business in the region.

The initial growth of Kolo Nafaso

Shea butter, a component widely used in the confectionery and cosmetics industries, is extracted from the fruit of the shea tree, which grows in the Sahel region from Africa. In 2018, an estimated four million West African women are involved in the shea butter industry.

In 2009, AAK began exploring how to source shea butter more sustainably, starting with Burkina Faso. The first step was to start working directly with farmers (mainly smallholder farmers) rather than through dealers. AAK recruited women into the Kolo Nafaso (translation: Shea Kernel Benefit House) program by hiring local female representatives, or “extension workers,” in the style of global NGOs. The extension workers showed the women a safer and faster technique for processing shea kernels (the part of the nut that contains the butter): instead of the traditional method of boiling the nuts in a pan full of water for an hour, they could nuts in two inches of water for 15 minutes. Doing it the AAK way has saved time and firewood, reduced the amount of water to haul from local wells, and eliminated routine burns as an occupational hazard.

In 2016, AAK began training women in the construction and use of rocket stoves, requiring up to 65% less wood than the traditional three-stone stove. Not only is this type of stove obviously better from an environmental standpoint, but it also saves shea pickers valuable time, money and the physical fatigue of collecting and transporting wood. Seventy-three percent of Kolo Nafaso enrollees who responded to an AAK survey said rocket stoves saved them time, 28 percent said they spent more time on business activities, and 37% said they had benefited financially.

Teaching better working methods such as those described above was only the beginning of the benefits of the program for smallholder farmers. AAK proposed a new payment structure in which harvesters were grouped together and each member committed to delivering a certain volume of shea kernels for the season. Based on her pledge, each woman received a portion of her expected future earnings as a prepayment. If the group as a whole fulfilled its joint commitments, the AAK would pay a bonus to be distributed as it saw fit among the members.

AAK’s recruiting efforts have been successful. Starting with around 2,000 women, the program grew to over 50,000 by 2015. That year, Kolo Nafaso was rolled out to Ghana; by 2019, over 100,000 Ghanaian women had joined. The success of the program fueled an expansion to Burkina Faso, Ivory Coast and Nigeria – as of June 2020, over 300,000 women were enrolled in total.

The impact on fishermen

Beyond removing the middleman, Kolo Nafaso did not provide direct financial benefits to participants. Their goods were subject to prevailing market rates. However, the payment structure designed by AAK has helped communities in various ways.

First, the program saved women from physically taxing trips to the local market, because they knew they already had a buyer there who was collecting the harvest from the village.

Second, the three-part payment cycle – advance, time of sale, and seasonal premium – serves several beneficial purposes. The prepayment, which takes place when the shea tree flowers, is also made at the start of the planting season. It allows women to invest in agricultural services (for example, have their land plowed by someone who has the necessary equipment) and buy inputs to plant more of their land than before.

The innovative payment structure also stabilizes cash flow for women so they can plan their spending and save for bad weather. Lump-sum payments (as opposed to sporadic and uncertain additional income from intermediaries) can also be used to create micro-enterprises that generate additional income. Many women used their advance to pay school fees for their children, a common challenge (especially for large families) in this context, or to meet unexpected monetary needs such as treating a sick child.

Bonus payments to groups that fulfill their quota can be distributed as they see fit. Some groups have established local savings and loan associations from which members can borrow to cover emergency expenses. In other cases, bonuses have paid for public utility projects such as the improvement of wells or school facilities. This improves the position and respect that women obtain in their community, beyond the benefits that accrue to them or their children.

Third, because AAK insisted that all payments go through the banking system, Kolo Nafaso helped expand financial inclusion in a region where a simple 23% of the population is cashed. Bringing more Africans into the formal financial system is a prerequisite for governments to direct aid where it is most needed.

Benefits for AAK

So where is the win-win in all of this? To begin with, AAK benefited from a higher quality product and a more reliable supply chain thanks to the program. AAK was also able to capitalize on insights from locals who knew the shea butter industry inside out. As one executive put it, “It gives us a lot of information before the season because we hear from the women how they see the harvest, and they are the experts on it.”

Additionally, AAK has been able to solidify its relationships with valued customers willing to strengthen their own sustainability credentials through an association with Kolo Nafaso. For example, in 2017, Swedish confectioner Cloetta signed an agreement to source shea butter exclusively from AAK. Later that year, the Kolo Nafaso partnership was featured prominently in Cloetta’s annual report, website, and press materials.

Beiersdorf, the German multinational that owns NIVEA and other popular personal care brands, is just one of the companies that has joined AAK’s Sustainable Partner Program, which supports empowerment initiatives such as planting 10,000 shea trees and sponsoring training for shea collectors. Participation in the program allows AAK partners to demonstrate their commitment to ethical sourcing and traceability, issues of growing concern to consumers. Additionally, a group of four Beiersdorf employees were inspired to independently create Herzen’s NIVEAa limited edition 100% sustainable shea butter product for the German market – proof that social initiatives can strengthen commitment in as well as between organizations.

Being more deeply integrated into West African farming communities can also bring unintended benefits. By helping to improve local agricultural infrastructure, AAK may be sowing the seeds for future supply chains, should it ever decide to source products other than shea butter from the region.

Why Kolo Nafaso succeeded

Kolo Nafaso is an ambitious initiative whose success was not guaranteed. Its launch involved considerable risks. How did AAK’s procurement team convince the organization that the risk was worth it?

Based on my conversations with AAK leaders, I would attribute this accomplishment to two factors. First, the supply chain team kept the program low-key at first. They didn’t spread the word about startup efforts or solicit feedback from other departments such as sales until there was something to show that looked promising. Second, AAK realized that the impact of the program did not translate easily to PowerPoint. Key stakeholders, both internal and external, should travel to Africa to see it for themselves. In Cloetta’s case, it was only after senior staff spent two days touring AAK’s Kolo Nafaso operations in Ghana, including visiting women’s groups in project villages around the town. of Tamale, that the light bulb went out and the partnership was forged.

Now that business travel is on hold due to the pandemic, sustainability initiatives in emerging markets may encounter another hurdle in their path. Businesses can consider creative solutions such as using immersive online video or VR technology to provide a sense of the environment, without physically transporting people there. Beyond that, I hope our Kolo Nafaso case study will be an inspiring example, showing how, with thoughtful planning, organizations can increase both profit and social impact.

Amitava Chattopadhyay is Professor of Marketing and GlaxoSmithKline Professor of Business Innovation at INSEAD. He is co-author of The New Multinationals of Emerging Markets: Four Strategies for Disrupting Markets and Building Brands. You can follow him on Twitter @AmitavaCats.

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[1] Co-authored by Pierre-Yann Dolbec, Assistant Professor of Marketing and holder of the Concordia University Research Chair in Complexity and Markets at Concordia University; Rajesh Nanarpuzha, assistant professor of marketing at the Indian Institute of Management, Udaipur; and Jean Wee, associate researcher at INSEAD.

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Revolut adds social enterprise Beam to Donations feature https://virtent.com/revolut-adds-social-enterprise-beam-to-donations-feature/ Tue, 16 Aug 2022 07:00:00 +0000 https://virtent.com/revolut-adds-social-enterprise-beam-to-donations-feature/ Beam, a social enterprise that helps homeless people find stable jobs and housing, has been added to Revolut Donations. Revolut users can now donate to Beam and help the homeless raise money for training, work tools, travel expenses, childcare and rental deposits, directly through the application. Funds donated to Beam through Revolut Donations will be […]]]>

Beam, a social enterprise that helps homeless people find stable jobs and housing, has been added to Revolut Donations.

Revolut users can now donate to Beam and help the homeless raise money for training, work tools, travel expenses, childcare and rental deposits, directly through the application. Funds donated to Beam through Revolut Donations will be split equally among Beam recipients, who will each get their own “crowdfunding” profile on Beam’s website to remove financial barriers in their path. Beam then connects them with ethical landlords and employers, in industries ranging from construction to healthcare.

Revolut users will be able to see the impact of their donations via a dedicated Revolut impact page on the Beam website. This allows them to track the progress of people they have supported and send messages of encouragement to boost them. 100% of beneficiaries reach their goal within an average of 16 days, making Beam one of the most effective ways to help the homeless in the UK.

With Revolut Donations, 100% of the money donated goes directly to the chosen charity or organization. Donations can be found on the hub or by searching for ‘donations’ in the Revolut app and users can choose to set up recurring donations, reserve currency donations or just make a one-time donation to their cause. choice.

Alex Stephany, Founder and CEO of Beam, said, “We are thrilled to bring Beam to Revolut’s community of over 20 million users. Just as Revolut has empowered its customers to get the most out of their money, Beam is showing there’s a new way to support homeless people over the long term: by giving them the skills, tools and confidence to win. their lives and become financially independent. »

Christopher Guttridge, Managing Director – Lifestyle Products, said: “By enabling users to donate electronically and passing on 100% of the donation to those who need it most, we hope the Revolut community can support the great work by Beam and its technology. do to solve homelessness.

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