21
Nov

Fast Company business magazine has announced the 2007 Social Capitalist Award winners. These represent social entrepreneurs which are both generating financial profit and social benefit. Companies like Endeavor and PeaceWorks where this past week sharing their projects and passion with IE MBA students. Some of the most interesting companies awarded are:
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Trains banks around the world to be microfinance partners, making small loans (averaging $674) to help poor people start businesses. Eventually, these microlenders become self-sustaining. ACCION has recently developed new services–home-improvement loans, insurance, and savings vehicles.
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Connects financial markets to social markets by raising capital from private and institutional investors, then lending it to more than 200 socially oriented organizations. Borrowers repay at a 99.8% rate, and investors get their capital back with interest, less a slice to fund Calvert’s operations.
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Has forged a network of 70 companies committed to publishing sustainability reports and improving environmental and social performance. Its Global Reporting Initiative, launched in 1997 with the United Nations Environment Program, is now the de facto standard used by 850 companies.
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Helps entrepreneurs across Africa and Latin America build and fund successful businesses, creating jobs and vibrant communities. Endeavor Entrepreneurs have created 38,418 jobs in 140 companies, 96% of which stay in business longer than 42 months. Endeavor plans to expand into 26 additional countries.
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Fights poverty in sub-Saharan Africa by selling low-cost technology that dramatically raises farmers’ crop yields and incomes. Farmers earn $4 for every $1 they invest in pumps, lifting average income to $1,100 annually, from $110. As a result, 225,000 people no longer live in poverty.
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Via workshops, town-hall meetings, and college tours, PeaceWorks emphasizes tolerance and coexistence between Israelis and Palestinians–and trains young people to serve as youth leaders who promote nonviolence. In 2005, 180,000 people participated in its programs. Eight hundred Israeli and Palestinian youth were trained in leadership and negotiation, and young leaders organized 30 events.
To see the full list of 43 companies click here.

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