Showing posts with label social entrepreneur. Show all posts
Showing posts with label social entrepreneur. Show all posts

Tuesday, September 8, 2009

Entrepreneurs Tackling Africa's Problems

By Marita Greenidge

Check out the New York Times' blog Freakonomics for a great post on what some people are doing to further development in Africa. Click here. A few tidbits:
  • Using entrepreneurship
  • Using venture capital for technology development
  • Helping those affected by HIV/AIDS
Why rely on aid if you can find innovative ways to help your country?
Twitter

Sunday, September 6, 2009

Slavery? Today?

By Rebecca and Glenn Fadner




Slavery ended in 1863 when Lincoln signed the Emancipation Proclamation, right? Guess again! Slavery is "alive and well" throughout the modern world!! Oh, it's illegal in over 80% of the countries, but it still exists. In fact, estimates range from as "low" as 4 million to as high as 27 million people enslaved, with the US State Department settling on around 12 million. Contrast that with an estimated 4 million slaves in the US immediately before the Civil War.

Trafficking in human beings is "tied for second" (with illegal arms) as the second largest criminal activity in the world (after the drug trade). And if you think it only happens "over there", think again! The US is both a destination and an origination point for victims of trafficking.

Because combating the trauma of those rescued out of trafficking is central to the mission of our supplier STOPStart, we are taking the opportunity to become more informed about the scourge of human trafficking and how to combat it. We will be attending the first Global Forum on Human Trafficking in Carlsbad, CA on October 8-9.

We'll have more to share from what we've learned, but we want to encourage YOU to become more informed as well. Here are several resources to assist you:

  • "Not For Sale" - David Batstone A look at examples of human trafficking worldwide AND how a number of organizations are working to combat it.

We encourage you to become informed and involved!

Twitter

Tuesday, September 1, 2009

Big Decisions, Big Developments & Big Balloons!

By Glenn Fadner


Gershwin wrote, "Summertime, and the livin' is easy..."

The month of August has had a "slower" pace for us if you measure it in miles travelled. This month we've only done one "show" and it was close to home. It has nevertheless been an extremely eventful month for KVI.

Probably the most significant event for us was Hagar International's decision to "spin off" Hagar On-Time! (H-OT!), their textile business that manufactures all of our Hagar Design products.

I'm not going to go into all the details here because it will make this too lengthy. You can click this link to get all those details. The condensed version is that in order to conserve finances for their social programs, Hagar International sold H-OT! to a group of like-minded Australians who will operate it under the name STOPStart. Look for our products to begin carrying the STOPStart logo in the near future.

Hagar's decision and the "challenging" economic climate provoked us at Kingdom Ventures to examine our own business model. The picture that I got as I reflected over the past four years was that when we first started out, it was somewhat like duck-hunting - we used a shotgun with scatter-shot which is bound to hit SOMETHING if you sent it into a flock of ducks. That technique worked well in bringing us to where we are, but it won't take us any further. We need to be thinking much more strategically if we're going to grow KVI. It's going to take a "rifle" rather than a "shotgun".

So with several big gulps, we took the steps of applying to exhibit at two more trade shows: Another one in Boston in September and (BIG gulp) one in San Francisco in February. The costs involved are scary. However, it does give us opportunity to be in front of more people who understand and promote Fair Trade.

Finally, we just made the decision to attend the Global Forum on Human Trafficking being held in California in early October. In addition to the opportunity to become better equipped to speak to issues around human trafficking, we will be able to meet face-to-face with the new Executive Director of STOPStart, who will also be in attendance.

Yes, August has been a significant month ~ one filled with change, flexibility, adaptations and preparing for growth. Now it's off to the Festival of Balloons in Dansville, NY this weekend. If you are anywhere in Central New York, stop by and say hello! It's a GREAT time with terrific weather and a view of those balloons in flight that truly IS out-of-this-world!

Twitter

Tuesday, August 25, 2009

Using Entrepreneurship to Combat Global Poverty

By Marita Greenidge


"Multiply the population of the US by three. That’s how many people around the world live on about a dollar a day.


Do it again and now you have the number closer to $2. About forty percent of the world lives on $2 or less a day.


What’s that like? What happens to you when you have two dollars a day to live on. It’s almost impossible to imagine. I mean, $2 is the rent on your apartment for about 45 minutes. $2 buys you one bite of lunch at a local restaurant...


And yet, two billion people survive on that sort of income. "


Those are the opening lines from Seth Godin's post last week Friday. You should definitely read the entire post here. Godin speaks about why entrepreneurship is so important to social and economic development. The focus eventually turns to the Acumen Fund, a non-profit Seth will be working with. I particularly like the Acumen Fund because they seem to share our ideals here at KVI. Here's an explanation of what they do:


"Acumen Fund is a non-profit global venture fund that uses entrepreneurial approaches to solve the problems of global poverty. We seek to prove that small amounts of philanthropic capital, combined with large doses of business acumen, can build thriving enterprises that serve vast numbers of the poor. Our investments focus on delivering affordable, critical goods and services – like health, water, housing and energy – through innovative, market-oriented approaches." - Acumen Fund Wesbite


So the idea is that charity alone is not the answer because it creates dependency. However using charity and investing in projects that have the potential to offer the world's disadvantaged ways to support themselves negates the need for continual charitable donations. This is very important because it means that if charitable dollars run out, persons aren't instataneously transported back to poverty. Donations become more like investments than hand-outs.


This is why we at KVI believe in Fair Trade and helping our artisans find marketable solutions to their economic problems. We are facilitators giving artisans connections to distribution channels they wouldn't normally have so that they can chart their own entrepreneurial course.


Of course this brings into question what happens when we aren't there to facilitate but that's a discussion for another post when we'll talk about why succession planning is so important.



Twitter

Sunday, August 9, 2009

Political unrest in Honduras and unfortunate economic situation in Kenya affecting our Suppliers

By Glenn & Rebecca Fadner



July was another busy month with both retail and wholesale shows. We had a few "drenchings" (in both Fair Haven and Geneseo), quick turn-arounds between shows, and as much time in hotels as at home! We're glad that the pace is a bit "lighter" in August, which will give us an opportunity to catch up a bit with things that have gotten set to the side (including yard work).

On a more somber note, I want to update you on how two of our artisans are being impacted by current events.

Honduras: Hopefully you have been following (at least to SOME level) the political crisis unfolding in Honduras. I can't tell you how the crisis in Tegucigalpa is affecting people "on the street" in the Gulf Coast city of Trujillo, but anytime there is political unrest in a country where tourism is a significant part of the economy, there's bound to be a decrease in tourist traffic. (This is a link to an annoucement by the US embassy discouraging travel to Honduras).

So even if things start picking up in the global economy, we can expect that it will be quite some time before tourist dollars start flowing freely in Trujillo. That makes our supplier Maria, and the others at the Made In Honduras co-operative, significantly dependant on what we (and others) sell outside the country.

Kenya: Just this week I received an email from Eunice Kasisi, who makes our "marbled" and bamboo jewelry. (Click this link for more about Eunice.) Things are very difficult in Kenya. On top of the political crisis there in 2008, the global recession, and the seventh year of drought, it appears that people in both government and business have been "manipulating" the price of food staples like maize for their own profit.

Food has become outrageously expensive for the poor of Kenya, with the result that there is nothing left over for other necessities of life. Eunice is the caregiver for her brother's two children since he passed away. Last week they were "chased from school" because she couldn't pay the school fees. (There are fees even for "public" school in Kenya.) She was asking if we have any business for her, and I had to tell her that at this point, we simply don't need any additional jewelry.

We're not telling you these stories to discourage you or to stir up feelings of guilt. That's not what we're about. But we DO want to encourage you to consider KVI and other Fair Trade businesses when you do need to make a purchase. And encourage your friends to visit us and other Fair Trade e-tailers. All of us thank you!

We wish all of you a great month!

Honduran immigrants speak about recent events in Honduras surrounding President Zelaya.

Twitter

Saturday, June 13, 2009

MBA + Fair Trade = Purpose Driven Life



It’s an atypical path for an MBA, especially one that went to a school that is known mainly for its excellence in finance. But yet, here I am, partnering up with other social entrepreneurs (namely Glenn and Rebecca) to ensure that persons in other parts of the world can lead a better life. It’s something that’s truly close to my heart.

I believe in using the skills God has blessed me with to make a difference in the lives of those around me. And what better way than marketing fair trade products. I’ve been trained to be an analytical marketer and I intend on using those skills to help artisans become economically self-sufficient. I’m not into giving handouts; I’m into helping people use their skills to support themselves.

Rebecca’s speech at the Rochester chapter of the National Association of Women Business Owners (NAWBO) got me thinking again about why I made the decision to join her and Glenn to develop KVI. I could very well have been in hot pursuit of a corporate job which would guarantee a relatively stable income and a host of benefits. However the more and more I thought about it, the more and more I realized that life wasn’t for me.

I wanted to be able to know that what I was doing was going to make a significant impact on the lives of others. I wanted more than simply going out there and earning a paycheck. Albeit I could have donated a portion of my paycheck to a non-profit, I wanted to be a major part of the process. I wanted to get my hands dirty (in a manner of speaking).

Of course foregoing the cushy job means taking a greater risk. Paychecks may not flow as frequent nor be as high but you know what, I’ll be happy, because I will be doing what I am passionate about. And if you are passionate about something that has great potential then you’re going to see it through until you make it a great success.

Of course, along the road to success, I’m not trying to put myself in the poor house; happiness doesn’t buy groceries! However I realized I wanted to structure my life and career in such a way that I would always be delighted at the thought of what I was working on, even if that meant earning lower than what someone with my skills could command. Furthermore my trust in God is as such that He’ll provide opportunities for me to earn a decent living if I continue to do His work. And He hasn’t failed me yet!

So yeah, it’s an atypical path for an MBA, but it’s my path and I’m pretty sure it’s one I’m supposed to be on.

For those of you trying to find your path, be sure to watch the above video by Rick Warren, author of The Purpose Driven Life.

Twitter

Thursday, June 11, 2009

The World of Sex Trafficking – Modern Day Slavery



Many of us have been very lucky; we have been brought up in homes and societies where we have numerous opportunities. It’s often our choice how we take advantage of those opportunities. For example, in Barbados, education and healthcare are free, available to everyone at any echelon of society. I was able to gain a scholarship to come to US to pursue my MBA degree.

While many of us are lucky, many are not so lucky. There is no free education; there is no access to free healthcare and day to day survival is extremely difficult. These places are the hunting grounds of modern day slave traders who prey on the innocent. The US State Department’s “Trafficking in Persons” 2008 report estimated that at any given time around 12.3 million are in forced labor, bonded labor, forced child labor and sexual servitude. The most rampant of these is sex trafficking.

Children as young as 4 are forced to work in brothels catering to the sick cravings of the men who visit. According to HumanTrafficking.org, women and children from rural areas are often tricked into sexual exploitation. Many believe that they are going to the urban part of the country for domestic employment but then are often coerced into the sex trade. The reasons these horrendous incidents occur can usually be linked to poverty and lack of education. Many have no idea of the dangers and risks of the international sex trade.

In Cambodia human trafficking is big business and, according to a recent article in the Phnom Penh Post, the economic crisis is fuelling trafficking as jobs dry up at home. The US State Department reports that women and children account for the greatest percentage of those exploited through the sex trade.

This is what our supplier Hagar Designs, works hard at preventing. The company promotes social development and economic empowerment for those most at risk for human trafficking. It is a proud advocate of the social enterprise model, teaching women and children skills they can use to be economically self-sufficient. This is very important because even those who manage to escape their captors find themselves back in the slave trade as a means of survival.

All our products from Hagar Designs are made by women who are striving for a better life for themselves and their families, one that is free of physical, emotional and sexual abuse. When we say your purchase makes a difference in the lives of others, we truly mean it.

Twitter

Thursday, May 21, 2009

Are you a Social Entrepreneur?



On Tuesday I had the distinct pleasure of accompanying Rebecca to a Power Lunch hosted by the Rochester chapter of the National Association of Women Business Owners (NAWBO). Rebecca was scheduled to speak on the topic of "UnWrapping the mystery of Social Entrepreneurship". After all, Kingdom Ventures (KVI) is a social entrepreneurship venture.


When one thinks of social entrepreneurship, one can easily think of non-profit enterprises that focus on providing charitable contributions to those who are disadvantaged. This is not what KVI is about. We don't believe in handouts; we believe in giving people the tools they need to survive. That means we don't give our suppliers donations; we give them opportunities to be economically self-sufficient.


Rebecca did a great job of explaining that concept as she spoke to the eager ladies around the table. It would be remiss of me not to mention some key points she touched on that stood out in my mind.


Despite the fact that profits are still important, social entrepreneurs do not only focus on the returns gained from financial investments; social entrepreneurs focus on the social ROI (Return on Investment) - the social impact of the investments made. Have the strategies employed really helped with making a difference in the lives of those intended? What is the social value the business has created?


Social entrepreneurs act boldly and see opportunities where many see lost causes. Innovation, persistence and continual adaptation help them to forge ahead to help those to whom they have made a commitment. Passion and dedication keep them pressing ahead whenever obstacles are placed in their way.


Because they are not aiming to create charities, market feedback is a must. Whether the supplier be producing coffee, jewelry, chocolate, whatever, they need to be able to produce quality products that can be sold in the markets they aim to penetrate. The social entrepreneur helps construct that link that provides information on what is necessary to help a product become and remain marketable.


Social entrepreneurs ensure they have a succession plan in place so that their businesses can continue to create social value after they are gone. They don't simply live in the now; they plan. They plan because short term fixes are not their intent; their intent is long term social development.


Do something good for someone today!


Twitter

Saturday, May 9, 2009

All About the People - Choose to Make a Difference

Every day consciously or unconsciously we choose to “make a difference” in the lives of those who are close to our hearts. These thoughts-become-actions could take the form of a note of affirmation to your spouse or child greeting them on the bathroom mirror, a spontaneously-purchased macchiato for a co-worker, or simply delivering a “random act of kindness” to someone within your own community.

It is in this giving that we DO receive. It may come as a tender hug & kiss, an enthusiastic high-five, or an appreciative smile! All of these actions assist in building and maintaining relationships! But it does require something of each of us ~ a call to respond and to act!


Often in the hecticness of our lives we lose track that we are also residents of a much larger community ~ a global community! In our attempt to bring understanding to this concept, we as humans tend to “shrink our world” to a size we can comprehend. However, technology continually challenges us with the ever-expanding realization that we are all residents of a vibrant, diverse, colorful federation. Just as with living within our family and working communities, being residents of this global community has its accompanying social responsibility.

When we arrive at that place of acknowledging our residency and its corresponding responsibilities, most of us feel entirely overwhelmed! But if we can grasp that it is first and foremost “relationship”, it provides us with a framework on which everything is hung!

Previously we have spoken about “why (we) should care”. Through the establishment of its principles, Fair Trade assists in providing essential framework for implementing our social responsibility. Ulitilizing those principles, we at Kingdom Ventures, Inc. work to bring about economic empowerment to our suppliers through the vehicle of relationships. It is our heart to invest in the lives of others to bring hope, restore dignity, and plan for their economic sustainability.

As residents in this dynamic, diverse world-wide community, we each, at minimum, have one role to play. Economically it is the role of an educated and appreciative consumer! But it is not for your consumption alone. Catch the Fair Trade vision, invite others along on the live-changing journey, and together let us make it a priority to be deliberate in how we live, invest, shop ….and relate…in our global community!


Twitter