Every SME in emerging markets should have access to knowledge and skills to grow their business.
Every SME in emerging markets should have access to knowledge and skills to grow their business
The Lendahand Foundation was established in 2014 to support impact investing platform Lendahand in its mission to fight poverty in emerging markets by investing in people and businesses. This has led to a unique partnership tackling two major challenges that SMEs in emerging markets are facing hindering their growth: finance and business skills.
Where Lendahand provides access to affordable loans to SMEs in emerging markets, the Foundation provides access to business knowledge and skills. This creates a leverage effect on SMEs to grow their business with a positive impact on local job creation, economic development and poverty alleviation.
With Lendahand providing affordable loans to SMEs and the Lendahand Foundation building their business knowledge and skills we jointly have positive impact on job creation, local economic development and poverty alleviation.
“We believe that credit alone is not enough, and that money cannot solve all difficulties confronting growing enterprises. There is a significant need to enhance and upgrade the capacity of the entrepreneurs to make sure that they are ready to pursue and manage the growth of their enterprise. As the enterprise grows, the challenges become complex and pressing. Therefore, providing relevant training is equally important to SMEs”
– Local partner Lendahand Foundation in the Philippines
In 2014, the Lendahand Foundation launched its first training for SMEs in the Philippines. Soon after, the activities extended to Ghana and Mongolia. These one-day trainings in business skills were focused on financial management, business taxation, marketing and sales, product development and corporate social responsibility. All trainings have been implemented with the support of local trainers and Lendahand’s network of local partners reaching out to entrepreneurs. By the end of 2015, we had been able to train over 450 entrepreneurs in 22 trainings.
The year 2016 marked the start of the Lendahand SME Academy in response to the need of SMEs to have an integrated program to develop their business skills. The interactive four-day training program has been developed in collaboration with MDF Training & Consultancy and consists of four modules: Business Model Canvas, Marketing, Financial Management and Pitch Your Business. To date over 400 entrepreneurs in the Philippines, Mongolia and Zambia have benefitted from following the SME Academy.
The Lendahand Foundation is a non-profit organization with ANBI status. This means that donations to the foundation are tax deductible.
Full name: Stichting Lendahand Foundation for Entrepreneurs Support
Chamber of Commerce: 60192550