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Investing in Women


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This is the first of a two-part blog series from Global Partnerships about women and impact investing.

By KJ Zunigha, Impact Evaluation Officer, Global Partnerships

 

Women all over the developing world play vital roles in cash management, making daily decisions on how to spend their limited resources on food, healthcare, and other necessities. Studies continue to highlight that investing in women not only positively impacts the individual, but her family and community as well.

 

The unfortunate irony is that women are disproportionately excluded from access to vital opportunities, such as financial inclusion.

 

Global Partnerships is committed to expanding opportunities for people living in poverty and is particularly focused on investing in women.

 

Below are a few ways GP thoughtfully invests in women: ensuring partners are tailoring products and services for women, delivering products in an effective way, and making a tangible impact. 

 

Tailored Products and Services 

 

Global Partnerships seeks out investable partners that are not just reaching women, but that are also designing products and services specifically for women. These organizations work to understand the needs, habits, obstacles, and daily decisions faced by women living in poverty, and design their loan products and services to better reach and provide opportunities for women.

 

A critical product currently providing opportunities for women living in poverty is microcredit, allowing women to start or grow their own microenterprises. Microcredit on its own, however, is not always enough to help people overcome poverty – we believe that credit bundled with additional, value-added services is more impactful in the long-run.

 

Value-added services include access to health services, a savings account, as well as business and financial education. When evaluating education programs, GP looks at how topics will take into account the potential knowledge gaps, sensitivities, and information needs of women.

 

Additionally, GP’s investments aim to resolve issues of stigma, finances, or distance that might exclude women from health services. Some of our partners provide preventive health education as well as access to cervical cancer screenings, low-cost family health insurance products, and mobile medical and dental brigades for the whole family.

 

Tailored Delivery Method

 

GP seeks out social enterprises who understand how to deliver tailored products and services to women in effective ways. Many women in poverty are often outright excluded from access to key opportunities, but sometimes it is also a matter of poorly designed delivery methods.

 

For example, one way to reach women living in poverty is through a group lending platform. Village banks and solidarity groups are two such mechanisms to reach women previously excluded from traditional financial services. Village banks allow members to share risk with a group of 15-30 women from the same community and do not require collateral on the loan. Women who may not have control of household assets are thus able to enter into a village bank without collateral. Sharing risks with known community members and neighbors builds trust and accountability within the group. This is one reason why village banks have such high repayment rates.

 

As part of a group, women also have the opportunity to learn from their peers and support one another. The value of being part of a group also provides a sense of belonging, and an additional setting where their voice can be heard and valued, particularly in many cultures where discrimination against women occurs. Having a safe, welcoming place to talk about domestic abuse, gender-based prejudice, as well as dreams and successes can have a powerful, positive impact for these women.

 

Defining and Measuring Our Impact

 

The products and delivery methods described above result from thoughtful work behind the scenes to understand what impact GP is having on the lives of women. GP has invested in a commitment to women, with a mandate to ensure all work operates with a gender lens.

 

As part of this commitment, GP has a dedicated Impact & Research Team which ensures that investments are maximized, by determining what works, why, for whom, and under what circumstances. GP looks at the existing evidence base, industry and sector experts, and learns alongside its partners to inform and evolve strategy. This allows GP to better target investments and maximize impact. In addition to evolving current investments, GP also researches new products, services, delivery channels, and populations to expand impact in more inclusive and effective methods. From researching new initiatives to measuring existing initiatives, GP is constantly refining and expanding work based on this analysis.

 

Combined, these three strategies allow GP to reach more women, have a deeper impact, and continue to improve results. To see the social impact of GP investment initiatives, please view our Annual Impact Update.

Investing in Women

Q&A: Impact on Women


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This is the first of a two-part blog series from Global Partnerships about women and impact investing.

Interview with Tara Murphy Forde, Vice President of Impact and Research, Global Partnerships

 

What challenges do women face in the developing world?

Let me start by saying that poverty and the way that it is experienced by women is highly contextual. The challenges faced by a woman in rural Bolivia are quite different than those faced by a woman living in a slum on the outskirts of Nairobi. That being said, millions of women across the globe lack access to the products, services, and information they need to lift themselves and their families out of poverty. In other words, gender inequality is both a root cause and a consequence of poverty. Ironically, studies have shown time and again that when you put resources in the hands of women, not only do those women benefit, they invest those resources in the wellbeing of their families and communities.

How can impact investing be part of the solution?

Impact investing seeks to harness the positive power of markets to generate social or environmental impact alongside a financial return. In the case of Global Partnerships, we invest in enterprises that are overcoming critical obstacles like lack of infrastructure or financial incentive, in order to deliver high-impact products and services to people historically excluded. To do so successfully and sustainably, our partners need to develop a deep understanding of their clients and tailor their offerings to better meet their needs. This focus on inclusion and client-centric design lends itself to a gender sensitive approach. For example, our partners looking to deliver health services to rural women need to understand the current options, why they are failing women, and what it would take to improve not only access, but use of health services. You can’t answer these questions without applying what many call a “gender lens.”

How does Global Partnerships apply a “gender lens” in its investment strategy?

First, we conduct in-depth research to better understand not only whether a certain product or service works, but why that intervention works, for whom it works and under what circumstances. Through this rigorous research, which defines our investment initiatives, we gain a better understanding of whether a given intervention is targeting women living in poverty and, if so, how. We analyze how various aspects of a potential investment, such as payment terms, education curriculums, delivery mechanisms, and the quality of the product or service help women overcome gender barriers that have traditionally kept them excluded. We then look for partners that not only deliver the intervention outlined in the investment initiative, but do so in a way that we believe can reach more women living in poverty.

What do we measure and how do we know whether or not women are benefiting?

We, of course, ask our partners to report on how many clients they serve and what percent of those clients are women, but we also work alongside a select set of partners to better understand whether those clients experience the desired results. For example, in our Women-Centered Finance and Education Initiative, we work with partners like Friendship Bridge and CRECER, who use frequent feedback surveys and targeted studies to better understand their impact on women. By doing so, we can gain a better understanding of whether or not the women they serve are in fact feeling truly empowered, changing their income and consumption patterns and demonstrating stronger resilience in the face of economic shocks. Applying a gender lens in impact investing is about more than just a screening checklist or a set of quantitative data points. It is about using a variety of methods and frequent feedback to gain deeper insights into what women want and need in order to change their lives.

How has GP’s work evolved to better serve women?

As an impact-led investor, we have been focused on what products and services to invest in and why they are impactful. Over the years, we have learned that in order to answer these questions we need to also understand who is being served. By reframing the question, we have gained deeper insight into how women transform resources into economic opportunity. For example, we now understand that in order to capture the impact of financial services and education, we need to go beyond simply measuring changes in income and evaluate things that demonstrate economic resilience, like changes in how women decide to spend their income and how households deal with crises such as illness.

What about GP’s efforts to impact women most inspires you?

Throughout my career, I have been inspired by the women I have met and believe that their fortitude and ingenuity can move mountains. That being said, the systemic barriers women face remain real and will not be overcome until we tackle the link between poverty and inequality. But let me be clear, focusing on gender in impact investing isn’t just about making sure women benefit. The Stanford Social Innovation Review published an article entitled, “The Rise of Gender Capitalism.” The authors assert that by using a gender lens, investors can “gain new perspectives, highlight inequalities, uncover new opportunities, and find value where none was found before.” I am encouraged by the ways in which GP is applying a gender lens to challenge previously held assumptions, push for more client-centric solutions, and ultimately put resources in the hands of those who need them most.

Tara with Crecer Clients in Bolivia
Tara Murphy Forde with clients from GP partner CRECER in Bolivia.

Honoring Four Women on International Women’s Day


Every day, Global Partnerships strives to expand opportunity for women. International Women’s Day is an occasion to recognize that our world needs to do more to break down barriers that inhibit women from equal opportunity. Today, we honor women who are investing in their families, their businesses, their communities, and most importantly, themselves.

These four women are just a few of the millions of women who, through our partners, are turning opportunity into impact and lifting themselves out of poverty.

 Ana IWD

Ana Victoria Dubon is the president of her village bank in Panajachel, a rural town in Guatemala. A village bank is a group of women who not only receive business loans, but also receive financial education and technical training to help them make the most of their loan. Ana uses her loan to run a food stall business to provide for herself and her son and daughter. She is saving to one day fulfill her dream of going to school to become a registered nurse. Global Partnerships invests in partners like Friendship Bridge who support women entrepreneurs like Ana. In this 2-minute video, listen to Abner, Ana’s son, share her story of independence and success.

 

Maritza IWD

Maritza Jarquin, lives in a remote Nicaraguan town called El Aguacate, where there is no electricity, water or access to sanitation. She is married, and has 13 children, 27 grandchildren and four great-grandchildren. GP partners like MiCrédito and Greenlight Planet provide Maritza with access to clean, renewable and affordable solar lights to replace toxic and expensive kerosene lamps. Watch this video to hear from Maritza how solar lights have brightened her family’s and her community’s future.

 Nerida family IWD

Nerida Gutierrez Velasquez is a coffee farmer in Peru. In 2005, she joined our partner Crediflorida, which provides loans, access to markets and technical assistance for small farmers. Nerida used her loan to buy a plot of land to grow coffee. Today, she and her husband have grown their coffee business enough to expand to a larger plot of land. Nerida is so successful that other farmers in the area hire her to teach them how to plant and cultivate coffee. Learn more about our partners serving smallholder farmers.

 Donna IWD

Gilda Maribel Say Nimatuj runs a pharmacy in her community of Quetzaltenango in rural Guatemala. Most of her clients are women and children. Within her community there is a critical shortage of access to affordable medicine. Not only does Gilda sell affordable medicine at her pharmacy, she also provides health consultations for free. "It’s what I like to do more than anything else: to support the people in my community." Gilda is a client of Friendship Bridge in Guatemala, one of Global Partnerships’ 19 health partners who have delivered a combination of health education, basic screenings, essential medicines and affordable care to 1.1 million people living in poverty. Gilda’s story will be featured in next month’s newsletter. Sign up if you would like to subscribe to Global Partnerships’ newsletter.

We are inspired by what one woman can do with opportunity. Yet women continue to be the majority of the world’s poor. Global Partnerships will continue to seek out social enterprises who are dedicated to impacting the lives of women living in poverty around the world. 

Ana, Gilda, Maritza, and Nerida are just a few of the millions of women who inspire us every day.  We hope they inspire you as well.

Blog Tags: international women's day   

Feature IWD

Smallholder farmer-focused investments: The next big thing in impact investing?


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by Kusi Hornberger, vice president, investment research, Global Partnerships

Last October, I had the privilege of attending SOCAP15, the largest conference for social entrepreneurs and impact investors. During one of the sessions on the first day, Cathy Clark, Director of CASEi3 Initiative on Impacting Investing at Duke University, mentioned that she felt organic/fair trade agriculture impact investing was potentially the next big growth area for social lenders in developing countries after microfinance, as scalable ways to de-risk these investments have begun to emerge.

The statement was thought-provoking, as agriculture has long been a relatively risky investment. The idea that a niche sector often victim to the fluctuations of the weather and commodity prices could reach the level of investment activity we see in microfinance made me pause. I decided to look at the data, and have since concluded that Cathy may be right. Impact investing focused on helping smallholder farmers in developing countries has increased dramatically over the past few years, and Global Partnerships' rural livelihoods initiative is a big part of that growth. Many challenges remain before this type of investment can reach its full potential to help millions of the rural poor living in poverty. This post will look at the case for impact, the dramatic growth of GP's rural livelihoods portfolio and the remaining challenges in making sustainable agriculture a "mainstream" focus in impact investing.

Case for impact

Through our rural livelihoods initiative, Global Partnerships (GP) invests in organizations in developing countries that provide three services that deliver meaningful impact to smallholder farmers (which we define as farmers and their families living off of farms of less than five hectares). Those three services are: (1) technical assistance; (2) access to markets; and (3) access to finance.

By partnering with social enterprises that deliver these three services, we provide the potential for smallholder farmers to increase and stabilize their household incomes through:

  • increased productivity due to better farming techniques;
  • diversification of crops to distribute risk and introduce higher-income crops like coffee, cacao and quinoa; and
  • higher prices for the farmer due to better (and better quality) crop yields and access to better-paying markets, including international and fair-trade buyers.

Qualitative research with GP partners like FECCEG in Guatemala and BioExport in Paraguay, along with quantitative impact evaluations, support this theory of change. Smallholder farmers supported by these services are diversifying their crops and, as a result of increased productivity and fairer prices, are also significantly increasing their incomes.

Dramatic portfolio growth

Given the results we've seen so far, GP has decided to proactively expand our rural livelihoods initiative. From two initial investments in 2008, GP has grown its rural livelihoods portfolio to include 21 partner organizations with capital disbursed in support of smallholder farmers totaling $22M as of September 30, 2015. Thanks to these investments, GP has impacted the lives of 351,000 smallholder farmers and their families.

Thanks to this growth, and in recognition of agricultural lending's increasing importance in our portfolio, GP has recently joined the Council on Smallholder Agriculture Finance (CSAF) as an affiliate member, joining eight other investors active in agriculture impact investing. CSAF saw greater than 50% growth in agriculture-related impact investments from 2013 to 2014, and expects to see that trend continue.

Remaining challenges

Despite strong growth, there are still many challenges confronting impact investors like GP before we can consider smallholder farmer-focused investments as truly "de-risked" or mainstream. Some of the key challenges facing the sector, which GP will continue to evaluate carefully as our rural livelihoods initiative moves forward, include:

  • Climate change—Climate change and fluctuations in weather patterns are one of the biggest risks for smallholder farmers and thus for impact investors seeking to invest in them. Risk factors vary by crop and there is very little that can be done to fully eliminate these risks, but being prepared and knowing how to respond will be key.
  • Commodity price fluctuations—As the focus in smallholder farmer-focused impact investing is largely on export-oriented crops, the income generation potential for smallholder farmers is very much dictated by international market prices, rather than by factors the farmers themselves can control. Crop diversification both lets farmers access these higher-paying specialty markets and distributes their risk so that if the price of one crop falls dramatically, the impact is limited to one segment of their income. Major price fluctuations are very hard to de-risk completely, but the risk can be moderated.
  • Scope of need—Types of financing for smallholder farmers are currently fairly limited and generally focus on short-term crop cycles and/or triangulated export contracts. New ways to provide financing for longer-term needs like equipment upgrades, crop replanting/rehabilitation, infrastructure, etc. are necessary but market-sustainable solutions have yet to be identified.

Taking all of this—the case for impact, potential for growth and existing challenges—into consideration, Global Partnerships looks forward to continuing to identify and implement new ways to expand opportunity for the world's 450 million smallholder farmers and their families.

Blog Tags: impact   impact investing   rural livelihoods   smallholder farmers   

There are more than 450 million smallholder farmers in the world, and GP is working to expand opportunity for as many of them as we can.
GP works with rural livelihoods partners who provide smallholder farmers with a combination of education, training and market access that helps them diversify their crops, improve crop yields and receive better prices for their harvests. Here, a representative from GP partner FDL (Nicaragua) shows a farmer what to look for to ensure his coffee plants are healthy. Photo © Global Partnerships.

Achievements & Aspirations


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by Rick Beckett, president & CEO, Global Partnerships

For Global Partnerships, 2015 marked the beginning of our third decade of expanding opportunity for people living in poverty and our second decade as a nonprofit impact investor supporting market-based solutions to poverty.

It also marked the first year of GP's aspiration-based strategic plan. Our goals are simple:

  • Triple the breadth of opportunity in which we invest;
  • Quadruple our volume of impact investments; and
  • Multiply our social impact more than tenfold, ultimately impacting 30 million lives through our partners.

I am pleased to share that we're off to a good start, with strong results and solid growth. In fiscal year 2015, GP invested $35.7 million in social enterprises that delivered opportunity in the form of high-impact products and services to impoverished families and communities throughout Latin America and the Caribbean. Our partners empowered people to earn a living, improve basic health and gain access to solar energy. From inception through fiscal year-end 2015, this brings our impact investments to $168.4 million. Most importantly, these investments positively impacted more than 600,000 lives in FY15 alone, increasing our cumulative impact to 3.3 million lives.1

Impact investing highlights this year included our first investment in Paraguay and growth in our rural livelihoods and green technology portfolios. We made several investments in different types of social businesses beyond microfinance institutions and cooperatives, with the promise of scaling access to solar light to millions of people and bringing economic opportunity to tens of thousands of smallholder farmers. We continue to work throughout Latin America and the Caribbean and have laid the groundwork to make our first impact investments in sub-Saharan Africa, where we have opened a new office in Nairobi, Kenya. Our Social Investment Team has begun work on the continent with the most prevalent and persistent poverty in the world.

Beyond investment activity and geographic expansion, our philanthropically-funded research is exploring how new types of products and services can make a difference in the lives of people living in poverty. We are currently exploring the potential of opportunities in education, efficient cookstoves and urban sanitation. We are assessing new channels for delivering services, most notably in rural livelihoods where agricultural value chains are experiencing innovation that may benefit millions of smallholder farmers. And we are exploring new types of impact-led capital to address market failures where early-stage social enterprises that have high potential for impact at scale cannot attract the seed-stage funding they need to kick-start their efforts.

As we look ahead, much remains to be accomplished. Together with our partners, investors and donors we will continue exploring ways to bring opportunity to millions of people living in poverty. We appreciate your support, the trust you put in our staff and partners around the world and the passion you share for our mission. Thanks to your continued support of and belief in Global Partnerships' work, we begin 2016 poised to expand opportunity for more people in more places than ever before.


 

12015 performance indicators listed here reflect performance in fiscal year 2015 (July 1, 2014 - June 30, 2015).

Technical assistance and farm improvement loans, like the one that allowed Leonardo to purchase his wet mill, are a critical part of expanding opportunity for people living in poverty.
Leonardo Garcia, pictured here with a basket of his latest coffee cherry harvest, standing in front of the wet mill he will use to de-pulp them, is a client of GP partner Fondo de Desarrollo Local (FDL). He lives in the northern highlands of Nicaragua with his wife Esperanza and their nine children. When Leonardo first started his farm, his land was covered with rocks and weeds; it is now a fertile, thriving coffee farm. GP is proud to partner with social enterprises like FDL to help families like Leonardo's better provide for their families and progress out of poverty. Photo © Global Partnerships.

Delivering Essential Medicines to the Rural Poor, Sustainably


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by Agnes Cho, program associate, Global Partnerships

Recently, Global Partnerships and Linked Foundation held a rural pharmacies workshop and gathered together various organizations that have been providing essential medicines to rural communities through a market-based model. With the support of the Inter-American Development Bank (IDB), we spent two days in Antigua, Guatemala with seven organizations from four countries:

In Latin America and the Caribbean, BoP (base of the pyramid, i.e. the poorest of the poor) households spend more than $12.9 billion per year on medication (GIZ). But rural communities find themselves with limited access to affordable, quality medicines due to high prices and the challenges presented by the state of local, national and regional infrastructure. All the organizations that participated in the workshop are directly tackling this issue and implementing sustainable business models that provide essential medicines in areas with the greatest need.

In the workshop, it was clear that the organizations were eager to learn from one another. Each had a collection of experiences and insights about the details and challenges they face in running a sustainable social enterprise. Though there was an agenda to discuss central themes, such as sustainability, scale and monitoring & evaluation, the energy from the participants was the most palpable during time set aside for them to discuss amongst themselves. These conversations ranged from legal regulations to employee incentive structures, from incorporating technology for more efficient data collection to finding more efficient transportation routes. Over the course of the two-day workshop, the participants not only discussed what they were doing to more effectively and efficiently sell medicines, but also how they were doing it.

This workshop was also an opportunity for Global Partnerships and Linked Foundation to learn more about the impact investing landscape of rural pharmacies in Latin America and the Caribbean. By sitting back and learning from the rural pharmacy experts—the organizations themselves—we took away the following insights:

  • The rural pharmacy space presents a market opportunity for a variety of organizations.
    • There are NGOs, MFIs and pharmaceutical companies all working toward the common goal of improving access to essential medicines in rural areas. Each type of organization has its own strengths and challenges. For example, NGOs may have more robust training programs for their community pharmacists, but commercial pharmaceutical chains may have an earlier grasp of the communities and local distributors most likely to achieve sustainability. However, they tend not to work in the smallest, most rural communities where the population truly has no other access to essential medicines.
  • Organizations interested in building rural pharmacy models need to have a solid understanding of the unit economics necessary to achieving true sustainability.
    • Rural pharmacy programs can benefit from the basic principles involved in running a successful franchise (ICSF is one resource for this) to strategically scale their business models. One learning from social franchising that applies to rural pharmacy programs is the importance of having a clear understanding of the business' real costs and revenue, generated by each point of sale, in order to build out and scale up a network of sustainable pharmacies.
  • Once the right "formula" for sustainability is found—and some have found it—these organizations will be investable for mission-focused impact investors like GP.
    • For many rural pharmacy programs, donations are sometimes necessary to support innovation and non-financial services for their distributors. However, all organizations attending the workshop recognized the ultimate goal is to reduce dependence on donations. Rural pharmacy models generally have to reach a certain level of scale before they can generate enough revenue to cover their operational and administrative costs. Once they have achieved that level of scale and proven its sustainability, impact investors, like GP, can provide capital to support their expansion.

 Ultimately, we hope to help create a flourishing network of rural pharmacy programs that are sustainably working toward improving access to life-saving medicines in poor rural communities. The first step is to forge connections and facilitate communication between the organizations that are already tackling this challenge. Events like this rural pharmacies workshop, where organizations can come together to share learnings and discuss developing best practices, are invaluable to reaching this goal.

Blog Tags: community pharmacies   Guatemala   Haiti   health services   Honduras   impact   last mile distribution   Latin America   poverty   rural health   rural pharmacies      sustainability   sustainable business models   sustainable health   women's health   

By bringing together organizations working to deliver essential medicines to the rural poor, we can improve business model sustainability in the space.
The rural pharmacies workshop attendees, with representatives from the seven organizations listed in the post, as well as from sponsors Global Partnerships, the Inter-American Development Bank and Linked Foundation. Photo © Global Partnerships.

Giving Thanks for Strong Partnerships


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In our most recent Investors Report, Global Partnerships (GP) was pleased to announce that we've now impacted a cumulative 3.4 million lives since 1994. We're thrilled by this accomplishment in our ongoing work to expand opportunity for people living in poverty, but we didn't get there alone.

At GP, "partnership" is more than just part of our name—everything we do depends on strong partnerships with like-minded people and organizations. We'd like to take the time this Thanksgiving to share some of the many partnerships we're thankful for:

Dedicated partner organizations. GP doesn't carry out our work in a vacuum; when we expand opportunity for people living in poverty, it's our partner organizations that deliver that opportunity to their clients. Microfinance institutions providing access to credit, agricultural outgrowers offering flexible financing, crop assistance and access to markets, mobile health clinics providing preventive health care in indigenous languages, solar light distributors bringing clean, affordable solar solutions to off-grid communities—every one of our 50 current partners plays an essential role in delivering products and services that help change their clients' lives for the better.

Remarkable clients. Our partners' clients are amazing people. They work extremely hard to provide for their families and create a better future for their children. They embrace the opportunity to improve their lives by building businesses, diversifying crops or developing their financial literacy.

Enthusiastic donors, investors, grantors, volunteers and supporters. We at GP are incredibly grateful to our network of supporters. Our donors are informed, thoughtful and dedicated to making a difference. Our investors have chosen to invest their funds for a positive social return and a number of them are also among our grantors, who are generous with their knowledge and their networks, in addition to their funding. Our volunteers share their expertise, from our committed board members to supporters who offer their services as interpreters, event planners and more.

The success of Global Partnerships' mission to expand opportunity for people living in poverty depends on the strength of each of these partnerships, and we couldn't be more grateful for the people and organizations who make our work possible and help us bring market-sustained opportunity to millions.

Blog Tags: impact   partnerships   Thanksgiving   

Partnerships like the one between GP and FUDEIMFA deliver essential products and services to people living in poverty.
Program Associate Agnes Cho (far left) speaks with a client of community pharmacist Ana Rosa Castillo (far right) on Amapala, a small island off the southern Pacific coast of Honduras. Ana Rosa and her clients are among the roughly 5,000 residents of the island and benefit from GP partner FUDEIMFA's rural pharmacies initiative. The initiative works with women leaders in communities throughout Honduras to place pharmacy cabinets in their homes or businesses, stocked with common medications. Pharmacists are trained to dispense the medicines and have the flexibility to sell in whatever dose is needed, making essential medicines affordable for families who often go without health care. Photo © Global Partnerships.

World of Opportunity — GP’s 13th Annual Luncheon


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Almost 700 of our friends and supporters attended World of Opportunity, our 13th annual luncheon on Thursday, October 29, 2015! Thanks to their generosity, we were able to reach our $150,000 matching challenge and raise over $554,000! This will directly support our research into promising new solutions that can change the lives of millions of people living in poverty.

Featured Speakers:

At the luncheon, GP President and CEO Rick Beckett spoke about three promising initiatives that Global Partnerships is currently researching:

  • Outgrower business models that provide economic opportunity to tens of thousands of smallholder farmers;
  • Efficient charcoal cookstoves that save families money on fuel costs and improve health and safety for women and children; and
  • An innovative and affordable sanitation solution that also generates jobs for microentrepreneurs.
solar light demonstration

Solar lights illuminated the room during an immersive demonstration. Click photo to enlarge. Photo c/o Toni Del Rio.

Next, Desh Mallik, VP of Business Development at Greenlight Planet, a GP partner, took guests on a journey to a rural, off-grid community with an immersive solar light demonstration. He shared how, with Global Partnerships' support, Greenlight Planet's solar technology is eradicating kerosene usage and transforming people's lives.

Real People, Real Impact:

There were also two video presentations which showed GP's impact in action.

Abner is a 15-year-old who dreams of making his mom proud of him one day. His mother, Ana, is the client of Friendship Bridge, a GP partner in Guatemala. The loans, education and training that Ana received through Friendship Bridge have helped her provide better opportunities for Abner. Her success shows how access to opportunity creates impact for multiple generations.

Maritza, a client of GP partner MiCredito, also shared how her life has changed since purchasing solar lights. She lives in a remote community in Nicaragua, where there is no electricity.

 

Blog Tags: annual luncheon   donation   Friendship Bridge   Greenlight Planet   philanthropy   World of Opportunity   

2015 World of Opportunity Luncheon
Almost 700 people attended World of Opportunity, Global Partnerships' 13th annual luncheon. Photo c/o Toni Del Rio.