The Global Exchange for Social Investment YES FUND Global Fund for Youth Entrepreneurship ? Maritta Koch-Weser, CEO, Global Exchange for Social Investment Nairobi, September 14, 2006
The Global Exchange for Social Investment 1.Mapping Needs & Opportunities 2.How a YES Fund could be built 3.How a YES Fund could start
The Global Exchange for Social Investment 1. Mapping Needs & Opportunities
The Global Exchange for Social Investment Demographics A huge young generation in Poverty & Unemployment Needs: Social Challenge
The Global Exchange for Social Investment Existing Opportunities Demographics Of Poverty Social organization e.g.YES Ayrton Senna Etc. Building blocks for entrepreneurship Teaching young Entrepreneurship EDC, NFTE, BUZZ, etc Review of Business plans e.g. BID challenge Social
The Global Exchange for Social Investment Existing Opportunities Demographics Of Poverty Social organization e.g.YES Ayrton Senna Etc. Social Building blocks for entrepreneurship Teaching Young Entrepreneurship EDC, NFTE, BUZZ, etc- Review of Business plans e.g. BID challenge Missing Start-up finance e.g. YES FUND Associated coaching & “market graduation“ Checks & balances On performance
The Global Exchange for Social Investment With a YES Fund for Young Entrepreneurship The (competitive) best among young entrepreneurs would benefit Those too young / un-eligible for regular „banking“ could be included Money & Guidance would be provided in combination (micro-lending & coaching) Performance based gradual increases to larger amounts (never more than a few thousand $/€) would be possible Transition to Regular Banking could be eased through stand-by small „collateral“ or guarantee arrangements
The Global Exchange for Social Investment 2. How a YES Fund could be built
The Global Exchange for Social Investment Required organizational Functions Global Driver Functions Social Organization Fundraising Fund Management Management M&E YES/EDC & Global Exchange for Social Investment/GEXSI
The Global Exchange for Social Investment Required organizational Functions Local Driver Functions Social Organization Fundraising Fund Management Management M&E To begin with in 1-3 pilot countries only Reputable, qualified local partner organizations
The Global Exchange for Social Investment Required organizational Functions Local Financiers Business Community Government Charities Global Financiers Development Aid Foundations Charities Business Community
The Global Exchange for Social Investment YES Fund: Required organizational Functions Global Driver Functions Social Organization Fundraising Fund Management Management M&E YES/EDC & Global Exchange for Social Investment/GEXSI Local Driver Functions Social Organization Fundraising Fund Management Management M&E To begin with in 1-3 pilot countries only Reputable, qualified local partner organizations Local Financiers Business Community Government Charities Global Financiers Development Aid Foundations Charities Business Community
The Global Exchange for Social Investment 3. How a YES Fund for Young Entrepreneurship could start
The Global Exchange for Social Investment On stand-by EDC/YES & GEXSI stand ready (organizational & legal framework) BID Challenge Stand-by Commitment for Review of Business Plans NFTE and other international training Programs How a YES Fund for Young Entrepreneurship could start
The Global Exchange for Social Investment How a YES Fund for Young Entrepreneurship could start Discuss & Find 1.Pilot Country(ies) 2.First local (& global) Financiers 3.First Local Partnerships for Implementation
The Global Exchange for Social Investment On stand-by EDC/YES & GEXSI stand ready (organizational & legal framework) BID Challenge Stand-by Commitment for Review of Business Plans NFTE and other international training Programs How a YES Fund for Young Entrepreneurship could start Discuss & Find Pilot Country(ies) First local (& global) Financiers First Local Partnerships for Implementation
The Global Exchange for Social Investment YES FUND for young entrepreneurship ? where to start ?