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A new model for supporting social enterprise through sustainable investment

A new model for supporting social enterprise through sustainable investment Purpose To present a practitioners view on the experiences of the HELP Foundation, Pakistan, in finding practicable ways of helping poor people to escape the poverty trap through the setting up of sustainable institutions and social enterprises.Designmethodologyapproach A review of the literature of fund availability and public policies is presented. Discusses the origin and work of the HELP Foundation, a notforprofit organization NPO formed by a consortium of professionals, business people, industrialists and public servants, to develop a robust model for povertyalleviation through social enterprise. Examines the approaches used to finance the organization and the changes required at public and individual levels to establish sustainable institutions based on the new model. Reports the gathering of data through surveys and interviews with clients, staff and HELP Foundation benefactors to reveal the mixed results of microfinance and the difficulties faced when setting up social enterprises in a poor country.Findings The success of the HELP Foundation in deriving a novel model for a workable partnership between NPOs and slumlevel entrepreneurs is reported. Argues that social enterprises can be set up in urban slums through joint ventures between an NPO funder and small businesses that have the capacity to expand. Concludes that such joint ventures should be entered into only after trust has been established between the business person and the NPO. While the involvement of respected members of the locality, transparent processes and close monitoring are all necessary for the social enterprises success.Originalityvalue Reveals how the social enterprise concept can be made to work even in conditions of extreme poverty. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Social Enterprise Journal Emerald Publishing

A new model for supporting social enterprise through sustainable investment

ul Islam, Zia
Social Enterprise Journal , Volume 3 (1): 9 – Mar 30, 2007
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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
1750-8614
DOI
10.1108/17508610780000717
Publisher site
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Abstract

Purpose To present a practitioners view on the experiences of the HELP Foundation, Pakistan, in finding practicable ways of helping poor people to escape the poverty trap through the setting up of sustainable institutions and social enterprises.Designmethodologyapproach A review of the literature of fund availability and public policies is presented. Discusses the origin and work of the HELP Foundation, a notforprofit organization NPO formed by a consortium of professionals, business people, industrialists and public servants, to develop a robust model for povertyalleviation through social enterprise. Examines the approaches used to finance the organization and the changes required at public and individual levels to establish sustainable institutions based on the new model. Reports the gathering of data through surveys and interviews with clients, staff and HELP Foundation benefactors to reveal the mixed results of microfinance and the difficulties faced when setting up social enterprises in a poor country.Findings The success of the HELP Foundation in deriving a novel model for a workable partnership between NPOs and slumlevel entrepreneurs is reported. Argues that social enterprises can be set up in urban slums through joint ventures between an NPO funder and small businesses that have the capacity to expand. Concludes that such joint ventures should be entered into only after trust has been established between the business person and the NPO. While the involvement of respected members of the locality, transparent processes and close monitoring are all necessary for the social enterprises success.Originalityvalue Reveals how the social enterprise concept can be made to work even in conditions of extreme poverty.

Journal

Social Enterprise Journal – Emerald Publishing

Published: Mar 30, 2007

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