SITAWI's mission is to develop financial infrastructure for the social sector in Brazil. We believe that adequate funding and effective counseling strengthen social organizations and increase their impact on the causes and beneficiaries. In the long run, the more resources - in volume and forms - available to the social sector, the more encouragement social leaders have to develop more innovative and sustainable models with greater impact. And sooner we will build a better country.
Brazil is in the headlines for its economic growth, but it's still one of the ten most unequal countries on earth: only 17% of the rural population has basic sanitation, 26 million people (1 in 7) live below the poverty line and thousands of species are extinct every year. Social enterprises fight these problems, but even if they have a good project, they lack access to capital. Traditional banks offer loans with interest rates of up to 50% and foundation grants are small and restricted
We screen ethical, high-social-impact organizations with a business engine, and provide loans at low interest rates. A partner fulfilled an order of recycled bags, creating work for 300 artisans.Another, kept a community canteen for 3150 people afloat when government delayed payment.At Sitawi, once a loan is repaid, we lend to another organization, multiplying the social impact of donations.Since 2009, we have multiplied the impact of our capital 3x, reached 11,000 people and suffered no default
Beyond SITAWI, we will push banks to change their view of what is needed to lend to social enterprises (just as what happened in microcredit). If we are successful, social enterprises