"Blended finance solutions offer the potential to combine development capital with a variety of financial instruments such as impact bonds, concessional capital, and risk mitigation structures. We consistently see that deployment of these instruments is limited because of the inherent complexity and cost. But more so, due to a lack of awareness and standardization among capital providers. Without addressing these core issues, enterprises are deemed too risky, and the potential for social and financial returns may not be realized. Through this report, we aim to raise awareness about the importance of enabling funding for social enterprises – understanding their unique characteristics and challenges in capital raising – and articulate the key issues involved in applying blended finance to SMEs. We hope to simplify current bespoke solutions to build replicable and scalable financing solutions. We propose solutions that include building capacity of enterprises, embedding sustainability into the design of instruments, simplifying impact management, and creating open databases on blended finance transactions."
The celebrated Ghanaian musician, vocal philanthropist and agribusiness entrepreneur, will speak and play in the Annual Global Conference in Accra on September 13.
Watch the conversation between Somachi Chris-Asoluka CEO of The Tony Elumelu Foundation and Richenda Van Leeuwen, ANDE Executive Director speaking about the unique challenges that entrepreneurs in developing countries. This video offers a glimpse on the Annual Global Conference in Ghana to this trailblazer in Accra, Ghana, on September 13.
What does India's new data privacy legislation means for the small and growing business ecosystem? This webinar co-hosted with ANDE member GameChanger Law Advisors highlighted the key implications, and what the future holds.
"This report is an output of the ANDE Gender Action Lab. Authored by Villgro and LEAD At Krea University, this report publishes insights from a survey of over 800 SMEs on how women entrepreneurs access finance in the country. Combining insights from the desk research, demand-side survey and supply-side key informant interviews, the report suggests recommendations across three verticals: program, process and product, with government initiatives as anchors for scaling up."