Welcome to Afrilanthropy’s Knowledge Portal where you will find a selection of our favourite guides, toolkits and other material to help you launch or strengthen your own social business in Africa.
Building Your Social Enterprise.
A social enterprise refers to a business model that places the interests of people or the environment at the forefront of its organisational purpose. Moreover, it is a business that is directly involved in the sale of goods and/or services to a target market, while having a specific social objective aimed towards the improvement of social or environmental matters.
There in no single definition for social enterprise, however one that can be adopted is the UK Government definition of social enterprises, which states “Businesses with primarily social objectives whose surpluses are principally reinvested for that purpose in the business or in the community, rather than being driven by the need to maximise profit for shareholders and owners.”
Find below our favourite list of sources that will help you understand what social businesses entail:
A business plan describes your social business’s organisational, operational and financial structure that are directly linked to the overall purpose of the social business. It is a tool that allows for future planning, allocation of resources, marketplace identification and preparation for risks or opportunities that may arise at a later stage. It is a vital component for any social enterprise since it provides potential lenders and investors with a roadmap on how your business will operate, as well as how the goals and objectives will be achieved.
Business plans clarify the social business’s direction and future vision, help you attract financing and team members, as well as acts as a management tool to ensure the business is meeting its goals, sale targets and operational milestones.
Find below our favourite list of sources to help you build a strong and credible business plan for for your social enterprise in Africa:
Good Fundraising strategy is key to solicitate financial support for your social enterprises to generate revenue for their organisation’s mission. It provides means for social businesses to build relationships, create foundation support and attract new lenders or donors.
Philanthropy refers to the efforts undertaken by an individual or organisation to improve the welfare of communities and provide social benefits in large scales. It can involve charitable donations, raising money for a cause or simply volunteering to make the world a better place. Moreover, refers to any practices directed towards social enhancement and minimisation of societal challenges.
The following sources contain relevant information on fundraising strategies, tools and guides to help you fundraise for your social business in Africa, as well as philanthropy efforts and how it invests on social businesses:
Social Impact Measurement is key to understand the level of positive change an organisation can bring to society. It allows social enterprises to evaluate how their mission can provide social benefits and determine the degree of positive impact generated in people’s lives through its operations. Social impact measurement is also relevant for funding opportunities, since potential funders want to ensure that they are investing in a social business that will promote a real difference in society.
Also, measuring the social impact improves credibility of the organisation, inspires team members, attracts financing and volunteers and encourages continuous improvement of services. Here is a selection of best sources to help you understand the purpose and importance of impact measurement for social enterprises, as well as provide methods you can use to measure the degree of positive change your business will bring to society.
The following sources contain relevant information on social impact measurement guides, strategies, and tools to help you analyse the social impact of your enterprise:
Corporate Social Responsibility (CSR) ensures that businesses are conducted in a ethical manner, taking into consideration the social, economic and environmental impacts caused through its operations, as well as having consideration for human rights. It refers to a corporation’s initiative to evaluate how their products or services affect the surrounding environment and take responsibility for such effects. In this manner, companies are able to reduce the degree of negative impact and promote positive social change, while increasing competitive advantage, protecting brand name and building trust with costumers.
The following sources contain relevant information on CSR guides, strategies, and tools for your social enterprise in Africa:
Refers to a principle-based framework for enterprises, providing 10 principles across various areas such as human rights, environment, labour and anti-corruption. This strategic initiative supports companies that are committed to responsible business practices and contributes to sustainable development. In other words, refers to principles that should be embedded in the company’s value system and the manner in which business is conducted.
The following sources provide great insight on the 10 principles of the UN Global Compact:
Refers to 17 goals created as an expansion of the Millennium Development Goals, aimed at addressing various global issues such as poverty, gender inequality, climate change and other. These goals were adopted by governments around the world at the United Nations in 2015 in order to guide global development up to the year 2030.
The following sources provide great isight on the 10 principles of the UN SDG’s:
Provides a global standard for responsible investment relating to social, environmental and corporate governance factors. The aim is to align investment activities with societal interests, contributing to the development of a more sustainable financial system.
The following sources provide great isight on the UN 6 principles for Responsible Investment:
The ILO is an organisation is part of the United Nations system and developed a framework aimed at providing employees all over the world with the minimum working conditions. These standards are used to guide businesses in protecting basic worker rights, enhance worker job security and improve their terms of employment on a global scale.
The following sources provide great isight on the ILO Standards:
Climate financing refers to financing mechanisms conducted by regional, national and international entities with the aim to mitigate climate change and develop adapting projects and programs that will ensure the reduction of negative effects on global climatic patterns. Moreover, it involves the transfer of funds from developed to developing nations to reduce the percentage of emissions and allow for the adaptation to climate change.
The following sources will provide great insight on the topic of climate finance:
Innovative finance refers to a variety of non-traditional methods to raise financial resources aimed at promoting development through innovative projects such as taxes, public-private partnerships, micro-contributions and market-based financial transactions.
The following sources will provide great insight on the topic of innovative finance:
Islamic finance refers to the manner in which Muslim organisations raise financial resources in accordance with Sharia, also known as Islamic Law. In such law, money has no intrinsic value and therefore in accordance to their faith, a Muslim may not receive or lend money expecting to benefit. It is a unique form of socially responsible investment where individuals should invest in a productive manner and generate wealth through legitimate trade and investment in assets.
The following sources will provide great insight on the topic of Islamic Financing:
We would appreciate your contribution to our knowledge portal by providing us with additional sources you find relevant. Feel free to interact with us by sending other links, toolkits, manuals or methodologies that might be useful to other Social Business.