Commitment to Action

New Social Finance Tools to Impact 100,000 Lives in Brazil

Commitment by

Sitawi

In 2013, SITAWI committed to expanding its social loan and donor-advised fund offering by $3.5 million to include new funds and mechanisms that will help transform the social and philanthropic sector in Brazil. Together with anchor partners, SITAWI will expand and co-develop tools, raise funds and operate them, including sector-specific funds such as those with a focus on women's issues (from economic empowerment to advocacy), sports, and educational, regional or community-based funds; a tool to support long-term collaborations and potential mergers between social sector organizations, allowing them to achieve economies of scale and more transformational outcomes; support for ongoing efforts to create social impact bonds in Brazil; and the creation of an Interim CFO Fund to bring greater professionalism to the sector. In comparison with current 'closed' social funds, these new mechanisms will be open to new donors and partners, thus creating the opportunity to engage multiple stakeholders.

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Overview
Summary

Commitment

New Social Finance Tools to Impact 100,000 Lives in Brazil

Launched

2013

Est. Duration

4 years

Estimated Total Value

$4,500,000

Region

Latin America & Caribbean

Countries

BRAZIL

Commitment by

Sitawi

Partner(s) of the Commitment Maker(s)

Walmart, Instiglio, Família C, The Dow Chemical Company, Mais Unidos Group