Supporting Income Generation Programs
By A. Scott DuPree and David Winder with Cristina Parnetti, Chandni Prasad and Shari Turitz | August 2000 | View Full Text | Email Link

Abstract

This is a chapter from the Foundation Building Sourcebook: A Practitioners Guide Based on Experience in Africa, Asia and Latin America.

This chapter focuses on foundations that have developed innovative ways of supporting local income and employment generation programs through a combination of grants, loans and venture capital.

Examples
- Venture Capital, Technical Assistance and Credit: Esquel Ecuador Foundation
- Strengthening Micro-, Small and Medium Enterprises: Corona Foundation (Colombia)
- Prioritizing Non-Grant Financial Instruments: Foundation for a Sustainable Society, Inc. (Philippines)

Summary Points
- Increasingly foundations are exploring new ways of stimulating the economic empowerment of low-income communities.
- Those foundations that directly manage credit, venture capital or loan guarantee programs need to recognize the risk involved.
- Another option is for the foundations to put their energy into strengthening existing credit institutions. Here, the foundations identify those credit and loan institutions with the highest potential to offer an effective service to borrowers and provide them with the technical and financial support they require.

Funding for the Sourcebook was provided by the Charles Stewart Mott Foundation, with additional support from Aga Khan Foundation Canada, the Asia Pacific Philanthropy Consortium, Avina, Inc., the Ford Foundation and the Open Society Institute.

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Foundation-Building & Philanthropic Practices | Resource Mobilization | Grantmaking | Capacity-Building Programs | Foundation-Building & Philanthropy Tools & Sample Documents | Foundation & Philanthropy Case Studies | Americas | Colombia | Ecuador | The Philippines | Southeast Asia