There have been many discussions among our peer organizations and leaders in the impact investing community around measuring impact.
Our partnerships with microfinance institutions, cooperatives and other social enterprises are what enable us to do what we do: expand opportunity for people living in poverty.
Our team returned earlier this month from the 6th Latin American Village Banking Forum held this year in Guayaquil, Ecuador. Wonder what happened? Here’s a photo recap.
A couple weeks ago I moderated a panel on Sustainable Health Services Models at the 6th Village Banking Forum held this year in Guayaquil, Ecuador. Two of our partners, Pro Mujer in Nicaragua and ESPOIR, presented what they had learned about what it takes to implement high performing health services programs via the village bank platform. While much was shared, one main takeaway I had was the importance of investing in staff capacity, particularly investing in those on the “frontline” of integrated service delivery with clients.
While all of our partners are classified as social enterprises – mission-driven organizations which apply market-sustained strategies to achieve a social purpose – each employ different business models that catalyze the flow of essential goods and services to people living in poverty.
MiCrédito is a new Global Partnerships (GP) partner in Nicaragua that aims to connect rural, off-grid populations with access to solar technologies. With technical assistance and funding from GP, as well as new relationships with Nicaraguan solar companies Tecnosol and NicaSolar, the for-profit microfinance institution will begin offering financing for solar products, thus potentially connecting thousands with electricity that they otherwise could not access.
Earlier this year we had the pleasure of meeting Agora Partnerships, an organization committed to solving social and environmental challenges in Latin America through business-based solutions, and we wanted to take a moment to highlight what they do.
Members of our team are in Guayaquil, Ecuador this week to attend the Latin American Forum on Village Banks (the Forum) from August 7-9. The Forum is a regional conference that brings together actors in the financial inclusion space to discuss different methods of strengthening village banks*—one of the only means by which people living in poverty can access affordable financial services such as loans and savings accounts.