Building Sustainable Social enterprises today and tomorrow!
Every time I engage with NGOs and Social Enterprises leaders in Africa, sustainability is a word I never miss in the conversations. Capital Solutions’ agenda is to support and transform Social enterprises in Africa to build sustainable organisations using innovative solutions. Sustainability is at the very heart of everything we do. Our history spans 5 years of operations, and we have engaged in supporting mainly financial sustainability of Social enterprises and NGOs to ensure long-term impact. Sustainability is a process which looks at several organizational elements and functions with emphasis on Social, Economic and environmental factors.
We are convinced beyond reason that we are creating a transformation in the social sector that will break barriers and reach new heights for social enterprises in Africa specifically to tackle SGD 1 # No poverty and SDG #5 Gender equality.
When we launched Capital Solutions Ltd five years ago, we were anxious and not sure how we were forming, but noticeably clear on the need to transform ourselves and the social enterprises we serve. Today, and especially with COVID-19 challenges which have seen the world get into a ‘Business Unusual’ practice, we present a Business Plan that will ensure many social enterprises especially those that are Youth-led and Women-Led become sustainable using innovative business models as we shall continuously guide.
I am very passionate about the work we do especially working with vulnerable communities where we focus on inspiring local social enterprises to design sustainable and innovative solutions to the complex societal challenges. We have established a one-stop centre for all Social entrepreneurship solutions. This implies doing business for the good and transformation of the society. This approach views societal problems as opportunities which they can take on to establish new business ventures that benefit them and the general society as social entrepreneurs. Our goal is to Improve access to finance and strengthen the capacity of social entrepreneurs for sustainable social and economic impact.
As we continue to see shrinking funding in the development sector, organisations in the social sector, must adapt to the times and seek alternative means of raising funding to achieve their mandate. In order to achieve this, we have created a Social Entrepreneurship Forum (SEF) which has a six-months accelerator programme that will hand hold social enterprises to scale. This will then be facilitated by our Social Investment fund (SIF) where we demonstrate that small amounts of capital coupled with entrepreneurial capacity building for the social enterprise can lead to sustainability. It is important to us that we set the pace, and bring the needed transformation in the social sector for improved financial sustainability. While we invest in movement building through our accelerator programme and the social entrepreneurship forum, we strive to change the narrative on funding within the social sector through the social entrepreneurship model.
As we make social entrepreneurship a reality for many organisations, we celebrate this journey. We thank all those who have believed and continue to believe in our work especially the social entrepreneurs, our clients, the Advisory Board and the Staff at Capital Solutions limited. We uphold our values of Human Centered, Excellence, Agility and Transparency.
“Social Entrepreneurship is the way we take control of our lives and the society in a VUCA world” Joyce Tamale
Joyce N. Tamale (FCCA, MPH, MBA)
Co-Founder & CEO