fbpx

Written Articles

a343bbd7-06ef-4fd2-b176-e141871ba75f
Annual Report

Accelerating Hope | Annual Report 2023

This has been an exciting year for Miller Center as we’ve been able to fully embrace travel again — participating in conferences in Kenya, Ghana, Mexico, and Malaysia, co-hosting events around the world, from Indonesia to Zambia, and engaging with our social enterprise partners where they’re delivering impact.

Through our travels and our work, we have evolved our thinking around accompaniment. Truly accompanying social entrepreneurs and students means meeting them where they are on their growth journey. It means innovating and piloting programs that offer our most customized solutions to date and striving to create a sense of belonging in all that we do.

Read the full annual report covering our fiscal year from July 2022 – June 2023. And join us in accelerating hope for a future without poverty!

Miller-Center-Color---stacked
Videos

Leadership Coaching with Linda Keegan

Are you ready to take your leadership skills to new heights? We sat down with Linda Keegan, Miller Center’s Executive Coaching and Management Development program manager to talk about how our programs are designed to empower individuals to become exceptional leaders.

Here’s what Leadership Coaching can offer:

  1. Amplify Your Skills: Gain a deep understanding of your strengths and areas for growth.
  2. Unleash Your Leadership Style: Discover your unique leadership style and cultivate an authentic presence.
  3. Navigate Challenges: Gain invaluable insights on managing conflicts, navigating change, and overcoming obstacles.
  4. Drive Results: Boost your productivity and achieve remarkable results.
  5. Enhance Emotional Intelligence: Develop a deep understanding of your emotions and those of others.
unnamed
Blog

Unconscious Bias and Venture Funding — An Interview with Dr. Maya Ackerman

While Miller Center for Social Entrepreneurship has an excellent track record of helping social entrepreneurs gain access to capital, current research finds persistent bias inside the investor community, especially against founder teams led by women. The resulting inequity impacts not only the amount of capital raised by founding teams, but also the types of capital invested.

Under a three-year grant from Chevron, Miller Center is conducting research and developing novel training methods for understanding and overcoming entrenched biases in the start-up ecosystem. We spoke with Santa Clara University professor Dr. Maya Ackerman, who is leading the research, to learn more about the work she is doing.

Miller Center: Can you level set for us and explain why unconscious bias is an issue, especially for women, as they seek investment?

Dr. Maya Ackerman: We all possess biases, often unconscious, that shape our perceptions and judgments. These biases are deeply ingrained in our culture. Biased images in media, as well as early socialization, contribute to the formation of strong associations about what is considered normal for men and women. Unconscious biases are more threatening because they are harder to detect. They can be developed by simply storing experiences that end up shaping our beliefs and later influencing decision making.

It’s important to note that holding biases doesn’t necessarily mean a person is intentionally harmful or mean-spirited; biases are a natural part of growing up in our society. However, to overcome biases, it is crucial to become aware of them within ourselves.

When you think of a CEO, who comes to mind? Most likely, someone such as Steve Jobs or Elon Musk. It is unlikely that you thought of Anne Wojcicki or Melanie Perkins, both founding CEOs of unicorn companies. This is a reflection of the culture we live in. Jobs and Musk are household names, while Wojcicki and Perkins are not.

Like everyone else, investors are also susceptible to these cultural influences and biases. Despite their efforts to identify promising founders, they may struggle to imagine a woman leading an industry or making a significant impact, even if she is highly qualified. This bias becomes particularly evident in the venture capital allocation process, where investors often rely on gut feelings and quick judgments due to their busy schedules. Consequently, women are frequently overlooked and have significantly fewer opportunities to attain funding.

Miller Center: Can you provide an overview of the research project you are conducting as part of the Miller Center/Chevron initiative, and why it is important?

Dr. Maya Ackerman: Women face significant underfunding, with investors often favoring less qualified men over highly capable women. My research lab has previously demonstrated that this bias persists even when women have more business experience and education than their male counterparts. The difficulty in addressing this problem is well-known. Simply raising awareness and sharing statistics about successful female CEOs, who often match or outperform their male counterparts, doesn’t seem to effectively combat the bias.

The challenges stem from how venture capital operates in practice. Investors burdened with limited time tend to rely on shortcuts that are shaped by historical biases. Investors implicitly seek personality traits and behaviors based on male role models, such as high confidence and competitiveness. Unfortunately, when women exhibit these same traits, they are often seen as unlikable rather than high-potential leaders.

How do we solve this problem? How do we enable investors to recognize high potential female entrepreneurs? That is the goal of this initiative.

Our approach is rooted in rigorous research, and our primary objective is to disseminate this knowledge in an effective manner. Our two-part initiative involves both informing participants and empowering them to apply what they have learned, enabling them to engage in reflection and practical application.

Miller Center: What can you tell us about Phase I, and the key learnings you uncovered?

Dr. Maya Ackerman: This year we’ve been focusing on developing a framework for helping investors identify high potential female founders. Based on extensive analysis of the research literature — analyzing hundreds of research papers across business, management, neuroscience, and psychology research literature, along with a careful study of female founder/CEOs of unicorn companies — we have identified competencies that are associated with high potential female entrepreneurs.

The four competencies are empathy, collaboration, humility, and high context thinking. Research indicates these traits are found more in women than men.

Empathy promotes listening and plays a crucial role in enhancing communication; leaders who listen more have additional information to make sound decisions.

Collaboration has a vital role in power sharing and harnesses the strength of collective intelligence, enabling innovative problem-solving, better decision-making and improved outcomes.

Individuals who have humility are self-aware in their abilities, acknowledge mistakes and imperfections. Humility increases team creativity because of the safe psychological environment it creates which brings positive returns to organizations.

Higher context thinking takes into account both emotional and intellectual intelligence and the ability to ‘connect the dots.’ During stressful situations, women are able to process more information without it affecting cooperative behavior and even increasing it.

Miller Center: What’s next for the research project?

Dr. Maya Ackerman: The next phase involves engaging with investors to obtain feedback and test our model. This is essential for developing a succinct and effective program that is specifically tailored to investors. The program will subsequently be conducted in person and placed online for further dissemination.

The training program that we’re developing goes beyond simply raising awareness about bias and its consequences. Rather, it equips participants with the necessary tools to actively manage their biases, modify their behaviors, and engage in self-reflection to track their personal growth and development.

Miller Center: What do you hope to achieve?

Our goal is to create concise and effective training programs for investors that will make a significant impact on the amount of funding invested in female-led ventures. We want to meet investors where they are and devise programs that increase investments in women while helping investors achieve their primary objective: identifying high-potential founders and improving their portfolios.

The bigger picture is to foster a world where women can access the necessary resources to establish and expand their ventures, enabling them to play a greater role in shaping our society.

 

nazava5
Press Release

Miller Center Invest Awards Catalytic Impact Funds to Social Enterprise Alumni

SANTA CLARA, Calif., June 15, 2023 – Miller Center Invest, a funding vehicle designed to unlock and catalyze capital for social enterprises in the Miller Center community, today announced its first two investments. Funding specifically targets women and local leaders typically left behind in the impact investing ecosystem.

Nazava Water Filters, based in Indonesia, manufactures and sells low-cost water filters and will utilize its $75,000 investment to finance the enterprise’s expansion to East Africa. By providing safe drinking water, Nazava tackles climate change, health, and poverty, while also reducing plastic waste.

Sistema.bio, headquartered in Mexico, will use its $50,000 investment to bridge working capital requirements for growth in Kenya, where the enterprise has rapidly emerged as one of the leaders in the biogas space. A family foundation committed to poverty alleviation in Africa is investing an additional $500,000 following Miller Center’s investment, a multiple of ten.

“When we created Miller Center Invest, our hope was that investing first in our high-potential social enterprise partners would reduce the risk of funding and serve as an incentive for other investors to join in,” said Brigit Helms, executive director, Miller Center for Social Entrepreneurship. “Catalyzing a 10x impact investment is compelling proof that the model is working.”

The fund aspires to unlock $5 million in investment per year for Miller Center’s global network of social enterprises, with a focus on climate resilience and women’s economic empowerment. More than 1,300 enterprises have participated in Miller Center accelerator programs, and an additional 50-100 social entrepreneurs are added each year, creating a strong investment pipeline for the impact investing ecosystem worldwide.

A partnership with Santa Clara University enables engagement with student teams to support screening, research, and due diligence on potential investments under the supervision of Miller Center mentors, staff and Beneficial Returns, Miller Center Invest’s fund manager.

Miller Center is also raising additional investment capital for the fund from other impact investors who share its motivation to pursue significant impact. McGuire Family Foundation has just made a $250,000 contribution to Miller Center Invest.

“The Miller Center Invest fund is closely aligned with the McGuire Family Foundation’s goals to fund scalable, market-based solutions to poverty where small philanthropic contributions can be recycled to have outsized impact on solving problems,” said Kim McGuire.

“We were impressed by Miller Center’s track record, the quality of program participants we’ve met, and the tangible impacts those social entrepreneurs are generating,” added Vivian McGuire.

# # #

About Miller Center for Social Entrepreneurship 

For over 25 years, Miller Center for Social Entrepreneurship has been a leader in the global social enterprise movement. With an emphasis on climate resilience and women’s economic empowerment, Miller Center accelerates social entrepreneurship to end poverty and protect the planet. Located at Santa Clara University, the organization has served more than 1,300 social entrepreneurs based in over 100 countries that have impacted hundreds of millions of lives. Fusing the entrepreneurial spirit of Silicon Valley with the university’s heritage of social justice, community engagement, and global impact, Miller Center is guided by the UN Sustainable Development Goals.

Media Contact

Rhonda Brauer, for Miller Center for Social Entrepreneurship, rhonda@rbrauerconsult.com, (310) 508-0426

email-articles
Blog

Leadership Coaching Helps Entrepreneurs Break Through Obstacles to Scale

It’s not easy solving the world’s biggest problems, but social entrepreneurs around the globe are working to do just that. At Miller Center, we understand that one size doesn’t fit all, and we support entrepreneurs as they grow and scale, with a full suite of services including curriculum, customized training, bespoke mentoring, executive leadership coaching, investment readiness, and curated introductions.

High-potential Miller Center alumni can access customized services to help them break through the obstacles to scale, improve financial sustainability, and secure the capital necessary to grow their impact.

In the first of our series on customized training, today we’re spotlighting executive leadership coaching. Executive Fellow Linda Keegan, who manages Miller Center’s Executive Coaching and Management Development program, has been consulting with companies of all sizes over the last 25 years.

We also spoke with Miller Center leadership coach and Executive Fellow Susan Pohl, who works with C-suite leaders to examine mindsets and behaviors and builds coaching plans together with the executive to bring about positive change.

Finally, Dhananjay Abhang, co-founder of Cleanergy Tech Solutions, which provides sustainable, organic waste management solutions in India utilizing Kisangas, a decentralized biogas technology, shared his observations about his executive coaching experience. Dhananjay is part of a Miller Center and Chevron initiative, Advancing Climate Resilience Solutions in the Asia Pacific Region. The program is designed to promote climate resilience through social entrepreneurship and to further climate-smart agriculture, safe water, and reliable low-carbon energy to vulnerable communities in Asia Pacific through customized support to high-potential social enterprises. Cleanergy/Kisangas will also host Miller Center student fellows this summer, who will work with the team on impact metrics.

Miller Center: Why is leadership coaching important for social entrepreneurs?

Linda Keegan: Daniel Goleman developed the concept of emotional intelligence over 30 years ago. He suggested that there is a difference between technical competence and leadership competence. That was a long time ago and yet people are still getting promoted to senior-level positions because they are the best engineer or the best accountant or the best operations person. They are often not educated on how to be a good manager of people.

Likewise, social entrepreneurs have a technical idea. Once this idea takes off, they must learn how to hire the right people, develop them, and motivate a team.

As coaches, we try to impress upon them that managing requires a unique mindset and learning certain behaviors and frameworks. They bring us leadership challenges, usually involving how to select the proper people, how to set goals, build processes, and ensure good relationships which we help them solve.

Miller Center: What is the executive coaching process?

Linda: The process of coaching leaders is very dependent on the leaders’ objectives. Often, they want to know how they are perceived by their peers and direct reports. In these kinds of cases, we will do a 360-review which involves interviewing up, down, and across their organization to reflect themes of what is going well and what isn’t going so well. This gives the social entrepreneur some feedback they can discuss with their coach. It’s often a good jumping-off point.

Dhananjay Abhang: When I began working with Susan Pohl in June 2022, my first priority was to identify the challenges that I was facing as the co-founder and leader of Cleanergy Tech and Kisangas. The second priority was to examine the organizational challenges. Both priorities were important. I started with my challenges as a leader, and how I was feeling about them and shared these with Susan. She gave me great input on how to think about those challenges and work through them. A founder needs to be able to identify the areas in which he needs help. If not, it becomes very difficult to run the organization.

Miller Center: What are the most important leadership practices?

Susan Pohl: Hiring the right people, setting a clear vision, motivating the team, and skillful delegation are some examples of best practices that are important for social entrepreneurs as they develop their leadership capabilities.

Many of the people I have coached struggle with moving from the role of individual contributor to learning how to delegate and motivate others on the team. One person described it as changing from being a juggler of tasks to a symphony conductor who provides direction but does not do the work. A question I often ask social entrepreneurs: “Is this a task that only you can do?” If the answer to that is “no” it opens the pathway for a conversation about delegation. If the social entrepreneur doesn’t practice delegation, problems will develop when there are too many things for the social entrepreneur to get done. As things slip off the plate, the entrepreneur often feels overwhelmed, stressed, and out of control. Delegation is a vital component of leadership and an essential leadership skill to learn and practice.

Dhananjay: As a founder, spending time on creating the vision for the company and on strategic issues versus handling the day-to-day tasks is very difficult to prioritize, especially in the beginning. My goal was to strike the right balance between the two, particularly in the first few years, but it is always a dilemma. You have to gradually move towards strategy full time when you feel that your day-to-day operations are streamlined, and you are in the position to hire. That’s the approach we followed for the past three years.

Delegation was an area where Susan really helped me. She shared the “Skill Will Matrix,” a tool to assess an employee’s performance based on competencies and motivation. I’ve used that quite a bit as my company has grown and we have hired more people.

Miller Center: What are some other leadership challenges that you have observed?

Susan: Motivation is another leadership challenge for many social entrepreneurs. Since most entrepreneurs are self-motivated, it is often challenging for them to see that not everyone is motivated, or inspired, in the same way. If there are questions about motivation, I ask them to conduct surveys that ask employees to rank order the most important things for them in the job. I then ask the entrepreneur to do the same ranking. The results are rarely the same. Again, this provides an opportunity to reorient the social entrepreneur to another point of view and to acknowledge differences on the team.

Is everyone really motivated by money and title? Are all employees inspired by the same story? How is the world perceived by the employee versus the social entrepreneur? Holding up this mirror by asking pertinent questions is a gift that the coach can provide to the entrepreneur.

Dhananjay: Inspiring people is not easy because there are so many difficult times you go through as you work to grow your company. During these challenging times, it’s tough to keep people motivated versus inspired. Why? Because being motivated is just for the time being. Employees can watch a video, listen to someone speaking, and feel motivated for maybe a day or two. Inspiring people is more about the long term and culture. For me, having clarity on where we want to take our company moving forward is what counts.

We are very clear that our fundamental business model is strong, and we will build it slowly and be in an even stronger position. Our company is not only about creating impact in society, but we are also creating a sustainable model from a profitability point of view, which is also very important.

Miller Center: What else can you share with social entrepreneurs, that will be helpful to them and their organizations as they contemplate their own leadership?

Susan: Many social entrepreneurs I have worked with at Miller Center struggle with the two traits of perfectionism and procrastination, which are often two sides of the same coin. Although perfectionism can be a healthy motivator in moderation, excessive perfectionism can cause stress and lead to future procrastination. Wanting the work product to be perfect is often a deterrent to beginning the work. Coaching social entrepreneurs around these two challenges can help enrich their leadership skills.

Social entrepreneurs have the big ideas, the motivation, and inspiration. How these get communicated to employees is vital to the success of the organization and it is an area where the coach can provide valuable feedback to the social entrepreneur.

Dhananjay: Founders make so many mistakes, especially in the start-up phase. If you are the only person executing every task, it becomes difficult to manage your time and determine how to prioritize. You have a mental block and then you think you don’t know what to do. Susan helped me a lot with tools I could adopt, and then I streamlined them. It made a big difference to me so I can prioritize the things that are important. Everyone needs a Susan!

Miller-Center-Color
Blog

Miller Center & Alphamundi Foundation Partner to Accelerate Scaling for High-Performing Enterprises

SANTA CLARA, Calif., March 28, 2023 – Designed to support and scale high-performing enterprises for maximum social and environmental impact, Miller Center for Social Entrepreneurship and AlphaMundi Foundation (AMF) today announced a partnership bringing together two respected leaders in the social entrepreneurship ecosystem.

The partnership builds on AMF’s expertise in gender and climate investing to provide structured blended finance products to scale small-to-medium enterprises (SMEs) in Africa and Latin America, combined with Miller Center’s leadership in accelerating social enterprises.

The two organizations will work together to scale enterprises by sharing knowledge and resources, in addition to seeking opportunities for co-investment and pipeline sharing across their respective networks.

“By joining forces and referring impactful enterprises to each other’s networks, we can help businesses explore new opportunities, gain access to capital, and expand beyond their current markets,” said Ladé Araba, executive director, AlphaMundi Foundation. “This can provide opportunities for growth and help businesses to become more competitive and bring economic benefits to their communities.”

During the two-year partnership, Miller Center will reserve spots for up to five qualified AMF-referred social enterprises per year in its globally recognized accelerator programs. It will also identify and prepare Santa Clara University interns to support AMF’s work. Additionally, Miller Center will recommend social entrepreneurs who have successfully completed its accelerator programs to AMF for investment consideration.

AMF commits to participating in Miller Center mock investor panels to provide social entrepreneurs with expert feedback. They will also consider co-funding Miller Center alumni enterprises in conjunction with Miller Center Invest, a funding vehicle designed to unlock and catalyze capital for social enterprises that are women-led or led by local leaders typically left behind in the investing ecosystem.

“Our organizations share a vision of what a more equitable, inclusive future looks like and support entrepreneurs as the innovators and agents of change to bring about this future,” said Brigit Helms, executive director, Miller Center for Social Entrepreneurship. “Through our collaboration, we can reach a greater number of entrepreneurs and provide them with more seamless, integrated support leveraging our combined expertise and resources.”

Miller Center created the Community Partners Program to extend its reach and impact around the world by developing deeper connections across the social entrepreneurship ecosystem. Organizations participating in this program play an essential role in helping scalable social enterprises gain access to Miller Center’s global accelerator programs and for Miller Center alumni to access complementary services and capital from community partners.

AlphaMundi Foundation’s mission is to strengthen the commercial viability of SMEs in Africa and Latin America to drive economic transformation. It leverages financing and technical assistance to provide catalytic capital to facilitate follow-on private investment for the companies.

 

# # #

 

About AlphaMundi Foundation

The AlphaMundi Foundation provides structured blended finance products (technical assistance, investment stage grants, concessional loans, first loss guarantees, and scaling capital) to scale SMEs in Africa and Latin America. The Foundation supports these companies to incorporate a gender lens and environmental sustainability to create attractive risk-adjusted returns and positive social outcomes.

About Miller Center for Social Entrepreneurship

For over 25 years, Miller Center for Social Entrepreneurship has been a leader in the global social enterprise movement. With an emphasis on climate resilience and women’s economic empowerment, Miller Center accelerates social entrepreneurship to end poverty and protect the planet. Located at Santa Clara University, the organization has served more than 1,300 social entrepreneurs based in over 100 countries that have impacted hundreds of millions of lives. Fusing the entrepreneurial spirit of Silicon Valley with the university’s heritage of social justice, community engagement, and global impact, Miller Center is guided by the UN Sustainable Development Goals.

Media ContactsRemove featured image

Hayley Mundeva, Communications Lead of the AlphaMundi Foundation, hayley.mundeva@alphamundi.ch

Rhonda Brauer, for Miller Center for Social Entrepreneurship, rhonda@rbrauerconsult.com, (310) 508-0426

Cycle Connect - Milly
Guest Blog

Cycle Connect Lifts Smallholder Farmers Out of Poverty with Bicycle Loans and More

Guest Blog by Lucie Ellis, Marketing & Communications Intern, Beneficial Returns

Milly is a mother and farmer who lives in northern Uganda. Until 2019, Milly walked the long trek to the market as often as she could to sell her crops of corn and soybeans, yet her family still lived in poverty. Then, in 2019, she obtained a loan for a bicycle from social enterprise Cycle Connect. This allowed her to sell her crops at markets farther away at a higher price, go there more often, and carry more crops. Milly steadily raised her income, paid off her loan, and quickly requested a second loan for another bike. With a second bike, her kids now easily travel to school, the entire family has better access to healthcare, and Milly is making a steady income.

When Milly learned that Cycle Connect was offering products beyond bicycles, she was interested in a product that would help her grow her farming business. She obtained a loan for an ox and plow, which enabled her to till twice the amount of land, harvest twice the amount of crops, and do it in half the time. Milly’s new assets are allowing her to achieve her dreams. Her increased income is helping her grow her business, keep her kids in school, and save for the future. She is now contemplating a motorcycle loan from Cycle Connect.

Cycle Connect — a 2019 Miller Center graduate and participant in several alumni programs — helps farmers just like Milly to reach their goals. Today, the vast majority of farming families in Uganda lack access to basic agricultural tools. They can’t afford to buy these tools with cash, and securing credit is nearly impossible in rural areas. Cycle Connect fills this gap by financing products that boost farmer income while also offering them training in best practices for agriculture and basic business accounting. The company makes loans from $100 to $1,400 for as long as 20 months, which means farmers can comfortably afford to acquire assets that make big changes in their lives. Additionally, over 50% of clients are female smallholder farmers who are among the most financially excluded.

The Truss Fund provided Cycle Connect with a $150,000 loan to support its efforts to double its portfolio. Now more dreamers like Milly can send their children to school, grow their businesses, and live more comfortably, knowing that they have better access to resources that will lift them out of poverty.

____________

Photo: Milly riding the bicycle she bought with a loan from Cycle Connect.

This article originally appeared in the Truss Fund 2.0 Quarterly Update, August 2022.

The Truss Fund was created by Miller Center and Beneficial Returns, which manages the fund. It provides emergency loans to Miller Center social enterprise alumni that are employing market-driven solutions to end global poverty and protect the planet.

truss fund teacher
Guest Blog

Truss Fund Investment Helps Teacher-Focused Social Enterprise Persevere

Guest blog by Ella Haley, Marketing & Communications Intern, Beneficial Returns

COVID has upended plenty of businesses, but few suffered the challenges that Inspiring Teachers (2018 Miller Center graduate) faced. Launched in 2011, and formerly known as LRTT, Inspiring Teachers matches seasoned teachers from high-resource countries such as the UK, Australia, and the US, with their counterparts in under-resourced regions in Asia, Africa, and the Caribbean for one-on-one teacher training. Revenue flowed from fees paid by the high-resource teachers for this mutually empowering travel and learning experience.

According to founder and CEO, Simon Graffy, “We were accustomed to obstacles in our business, but never did we expect that a pandemic would close schools throughout the world and make international travel nearly impossible.” Its clever business model became untenable in a matter of weeks. The hundreds of teachers who had signed up to travel in the summer of 2020 canceled their plans. In the spring of 2020, Inspiring Teachers went from a social enterprise on the rise to an organization fighting for survival.

A $50,000 emergency loan from Truss Fund 1.0, along with a matching facility from Open Road Alliance, gave the enterprise a second wind as the organization pivoted its business model to deliver impact and generate revenue in an entirely new way. Long-term plans for a library of video recordings and a mobile app suddenly became immediate priorities. Staffers who were experts in international travel arrangements quickly got up to speed on providing lessons by radio, educational materials via Whatsapp, and instructional videos on YouTube. What didn’t change was their commitment to improving educational outcomes for low-resource children through peer-based teacher training.

Rather than sell a summer of enrichment and adventure to teachers in the developing world, the Inspiring Teachers team switched to pitching Ministries of Education and development agencies that wanted to promote professional development for teachers. Contracts with the Ugandan government, along with emergency grants from philanthropists, kept the doors open at Inspiring Teachers.

The past two years have been painful ones for Inspiring Teachers: staff size has shrunk, and the remaining team is doing more while earning less than they were two years ago. Cash remains tight, and Truss Fund restructured its loan (along with Open Road Alliance) in recognition of the fact that it may be years before the organization can regain its financial footing.

This past summer, 95 teachers traveled abroad under the auspices of Inspiring Teachers. Most were encouraged by a recognition that the pandemic hurt all children academically, but disproportionately so in the developing world where Zoom lessons and laptops are impossible luxuries. The one-on-one training that resumed is now augmented by multimedia resources that grew out of the COVID crisis. Early indications are that next summer will be even stronger for teacher enrollment barring a major new outbreak.

It would be wonderful to report that Inspiring Teachers is on solid footing, its impact and financial health on an inexorable upswing. But life is messy, and the outcome is still very much unknown. Meanwhile, millions of children in the developing world deserve better education, and this fact continues to motivate the team at Inspiring Teachers to innovate and persevere.

_________

This article originally appeared in the Truss Fund 1.0 Quarterly Update, August 2022.

The Truss Fund was created by Miller Center and Beneficial Returns, which manages the fund. It provides emergency loans to Miller Center social enterprise alumni that are employing market-driven solutions to end global poverty and protect the planet.

mialy-final-paper-1
Whitepaper

Fostering the Impact of Social Entrepreneurs working on Climate Change in Africa

The African continent continues to be massively affected by climate change, driving its countries to be ever more sensitive to vital poverty-related needs like access to energy, water, and agriculture. Social entrepreneurship is one key answer to unlock sustainable development. African countries living with extreme poverty are the most vulnerable to climate change because those two scourges overburden their population. This means that many challenges await Africa given that the continent has 9 out of the top 10 countries with the highest poverty rate in the world.

Many sectors in Africa are in desperate need of support, and Miller Center sees social entrepreneurs as a key vector to achieve the Sustainable Development Goals.

Read the full article, Fostering the Impact of Social Entrepreneurs working on Climate Change in Africa here.

Written by: Mialy Rasoanarivony, Atlas Corps Fellow C42 from Madagascar, who worked with Miller Center during 2021-22.

More results