With next to nothing, change pratically everything! SOCIAL MICROFINANCE ACCESS TO ENERGY SUPPORT TO VSBS & PROFESSIONAL INTEGRATION ANNUAL REPORT 2018 © RC photographys CONTENTS EDITORIAL 3 PLANISPHERE 4 1 ACTION IN 4 PARTS 6 Social microfinance 6 Support to VSBs & Professionnal Insertion 7 Access to energy 8 Agricultural channels 9 Social Performance 10 BASIS FOR OUR WORK 10 Incubation 12 Haiti 14 11 COUNTRIES 14 Cambodia 15 Myanmar - Vietnam 16 Philippines 17 Burkina Faso 18 Guinea - Ghana 19 Senegal 20 Togo 21 France 22 Experimental learning 23 FOUNDATIONS & EVOLUTION 23 Governance 24 Outlook 25 FINANCIAL REPORT 26 SPONSORS 30 Entrepreneurs du Monde, a legally-recognised French public interest association established in 1998, is accredited as an Entreprise solidaire d’utilité sociale (ESUS: enterprise with a social conscience and social value). We are also approved by the Don en Confiance organisation, a watchdog for our communications, fundraising, governance and rigorous, objective management. Cover: Formation in Casamance, south of Senegal © José Nicolas © José Nicolas EDITO 2018 was the year of our 20th anniversary, and a year of great advances, innovations, and resolutions... Of course, there were also a few setbacks and new obstacles, but that’s what forces us to question ourselves, to innovate, to surpass ourselves, and that’s where the challenge lies. As an incubator, we were particularly pleased to launch four new programmes and celebrate the launch of two others which have become independent social enterprises, offering social microfinance services of remarkable quality: Assilassimé in Togo and Chamroeun in Cambodia. We also found a Japanese buyer for Chamroeun, who is perfectly attuned to our social vision. 2018 also marks the launch of our first storehouses in Senegal, the first steps in a new business that will support the agricultural sectors with the entrepreneurial approach that we are famous for. JEAN-PAUL BERNARDINI All this was achieved in an increasingly complicated international Chairman climate with growing insecurity in Burkina Faso and Haiti, devaluation of local currencies in many countries, which hinders the financial sustainability of several programmes, climate change, which is hitting the people we support hard, and legal constraints, which are becoming more stringent in some countries... These difficulties did not prevent major progress in 2018. There are 800 of us in the field who see the impact of our actions FRANCK with the families we support, so, with your help, we are committed RENAUDIN to continuing our work in 2019! Founder & Director Thank you to each and every one of you! FRANCE 45 HAITI 14,338 BURKINA FASO SENEGAL MYANMAR 11,047 VIETNAM 4,355 19,170 11,151 159 5,367 92 7,034 207 PHILIPPINES GUINEA TOGO 5,901 3,112 26,571 275 CAMBODIA GHANA 4,469 34,177 16,183 182 528 11 20 3 5 COUNTRIES PARTNERS AT AUTONOMOUS PARTNERS WHO HAVE INCUBATION STAGE PARTNERS BECOME INDEPENDENT* *The indicators of these 5 independant partners are not included on this map nor key figures. 4,7M€ 49 808 BUDGET PERMANENT STAFF MEMBERS EMPLOYEES WITH A LOCAL CONTRACT SUPPORTED MICRO-ENTREPRENEURS FAMILIES SUPPLIED WITH ENERGY VSB START-UPS SUPPORTED AND STUDENTS TRAINED FRANCE IN VSB CREATION 45 HAITI 14,338 BURKINA FASO SENEGAL MYANMAR 11,047 VIETNAM 4,355 19,170 11,151 159 5,367 92 7,034 207 PHILIPPINES GUINEA TOGO 5,901 3,112 26,571 275 CAMBODIA GHANA 4,469 34,177 16,183 182 140 325 528 MICRO-ENTREPRENEURS SUPPORTED 85% WOMEN 292 € AVERAGE LOAN 29 123 STOVES AND SOLAR KITS DISTRIBUTED 23 353 FAMILIES SUPPLIED WITH ENERGY 685 PEOPLE SUPPORTED SOCIAL MICROFINANCE We trust the marginalised who start up businesses! We provide them with full support to help them turn CAROLE SULSKI their businesses into a gateway to development Head of Social Microfinance Unit for their entire family. DEVELOPMENT IN RURAL AREAS Today, 2.1 billion people are living under the poverty threshold, with 767 million of them living in absolute poverty. Three quarters live in a rural area and rely on subsistence agriculture. In 2018, we set these rural and isolated popu- lations as a top priority. Two workshops were organ- ised to help the 60 partici- pants involved in our MFIs1 to better meet the challenges of agriculture. Farmer with the head of operations in Senegal They shared their good prac- tices and experiences and them to adopt environmentally Close to financial stability, stability/security according to cocreated innovative support friendly practices: crop combi- Palmis Mikwofinans Sosyal the Ministry of Foreign Affairs. and financing solutions. nation, agroforestry, compost in Haiti became a corpora- All our partners received guid- production, etc. tion, and Sont Oo Tethwin in In April 2018, a study was led ance so that we could offer Myanmar started its incorpo- in Sierra Leone, one of the very flexible microloans. For EMPOWERMENT OF LONG- ration process. poorest countries in the world, instance, loans with deferred STANDING PARTNERS torn apart by years of civil war. repayment for market Created in 2012, the Assilassimé PREPARATION OF FUTURE The methodology suggested gardening activities or “in fine” association in Togo reached two PROGRAMMES by Entrepreneurs du Monde loans which allow farmers to milestones: 25,000 microentre- With a view to incubating new was very well received by the reimburse the capital in its preneurs and break-even. With programmes, Entrepreneurs population, local authorities, entirety at harvest time. a social performance score of du Monde is conducting feasi- funders and NGOs. As a result, Training units on agricultural 80 out of 100, a 100% Togolese bility studies in new coun- following the study, the launch techniques were created to team and a board of directors tries. The preselection of the was planned for 2019: launching help farmers improve their composed of qualified people studied countries was based the administrative procedure to yield, reduce loss risks, etc. who share our social vision, on 3 criteria: the HDI2, the create a local entity, recruiting We also increasingly encourage Entrepreneurs du Monde’s goal FINDEX3 financial inclusion a programme manager, setting has been achieved! rate and the countries’ level of up the processes, etc. 1- MFI: microfinance institution 2- HDI: Human Development Index, calculated using the UNDP 3- Global Findex: the World Bank’s observatory on how adults save, borrow, make payments, and manage risk 11 MICROFINANCE INSTITUTIONS 140,325 A METHODOLOGY AIMED AT REACHING THE POOREST MICRO-ENTREPRENEURS • We grant individual loans, with no form of • The length of the loan is set by the micro-en- guarantee, with interest rates among the lowest trepreneurs themselves, according to the nature 85% on the market of their businesses and their repayment ability. WOMEN • The micro-entrepreneurs form groups of 15 to • A social worker is available in each service 30 people, with whom we organise monthly point to help overcome difficulties (e.g. violence, € 292 training or experience sharing. illness, handicap, etc.) AVERAGE LOAN • We encourage and facilitate saving 6 • 2018 ANNUAL REPORT 1 ACTION IN 4 PARTS VSBs & PROFESSIONAL INTEGRATION Thanks to personalised support and guidance, project owners enter a process leading them to start up their own activity, work, THIBAUT MARY and have a decent revenue, which fosters independence Head of VSBs & Professional and access to essential goods and services. integration Unit particular in the outskirts of the SYNERGIES & capitals and in the surrounding CAPITALISATION rural towns. The programmes tied links The “Support for VSB creation with local professional training and occupational integration” centres and companies, to service is Entrepreneurs develop synergies between du Monde’s answer to this the private sector and the major challenge. youths, and promote access to a decent job. With the help of Entrepreneurs du Monde’s 3 NEW PROGRAMMES technical support team, they Thanks to the AFD’s funding fine-tuned the definition of agreement, three programmes their social performance were launched in 2018: Ligoden strategy, the adaptation of in Senegal, Emergence in their training and the individ- Young fashion designer in Haiti Burkina Faso and Miawodo in ualised support provided to Togo, all while maintaining the the recipients, and the imple- THE INCLUSION OF YOUTHS of their illiteracy, their isolation support to “Osez l’entreprise” mentation of a management AND WOMEN: A MAJOR and their exclusion, but also (Dare entrepreneurship), in Haiti, and reporting tool. CHALLENGE simply because of their igno- which aims for self-sufficiency In addition, an international In West Africa and in Haiti, rance of existing opportunities. in 2019. workshop dedicated to entre- the majority of the popula- As a result, 37% of young preneurship and occupational tion is under 25 years old. This people wish to emigrate to In each country, the most prom- inclusion was organised in youth represents an unprec- another country. ising industries to encourage Togo. It brought together our edented growth opportunity. the creation of VSBs or orien- 4 programmes and several Yet, unemployment rates are Self-employment through tate job-seekers were carefully technical and financial partners high among young people, in the creation of very small identified. for the first time. The plenary particular women, forcing them businesses (VSB) and access In Burkina Faso and Togo, the sessions were punctuated by to turn towards the informal to sustainable employment