Formation | 1980 |
---|---|
Type | Non-governmental organization |
Focus | Job and business creation, reducing poverty, economic and social empowerment, women[ clarification needed ] |
Headquarters | London, United Kingdom |
Area served | India, Afghanistan, Kenya, Tanzania, Zimbabwe |
Key people | Co-founders: Percy Barnevik and Dr Kalpana Sankar |
Website | www |
Hand in Hand International is a registered non-profit organisation based in London, UK. [1] [2] It is part of the Hand in Hand network, whose shared vision is to fight poverty through job and business creation. Hand in Hand was founded by Percy Barnevik [3] [4] and Dr Kalpana Sankar. [5] [6]
Hand in Hand’s mission is to work for the economic and social empowerment of the poorest and most marginalized people by helping women beat the odds and succeed as entrepreneurs. [7] [8] Since 2003, the Hand in Hand network has helped start and sustain 5.6 million businesses and generated 10 million jobs. [2] Hand in Hand works in the same field as BRAC, Opportunity International, CARE, Bill & Melinda Gates Foundation and Aga Khan Foundation.
The story of Hand in Hand begin in the late 1980s with two Swedish teachers – Olle and Gunnel Blomqvist – visiting the district of Kancheepuram. Children traditionally constituted a cheap source of labour for the weaving industry in Kancheepuram, and parents who did not have permanent jobs would send their children to master weavers. Bringing such children out of labour was Hand in Hand's initial focus.
At the end of 1990 the Blomqvists came in contact with Percy Barnevik, who became a sponsor to the organization. Barnevik was interested in the teachers' work in India.
Hand in Hand India was founded in 2003 by Barnevik [9] [10] and Dr Kalpana Sankar [11] [12] in the Indian state of Tamil Nadu. [13] The Hand in Hand network has operated programs in 10 countries across Asia (Afghanistan, India, Cambodia and Myanmar) and East Africa (Kenya and Rwanda).
Hand in Hand receives funding from a number of different sources including individuals, corporations, bi-lateral and multi-lateral institutions and trusts and foundations. Recent supporters include the FMO, Sida, Johnson & Johnson Corporate Citizenship Trust, Nationale Postcode Loterij and Voxtra (philanthropic foundation based in Oslo, Norway). Hand in Hand Afghanistan also received a US $1.16 million (€840 K) grant from the European Union. [14]
In 2007, Hand in Hand Afghanistan was set up with Seema Ghani as chair. [15] On 19 February 2014, Ghani gave an interview with the BBC about the economic challenges facing Afghanistan and how job creation will help solve many of the challenges. [16] She also gave an interview to Forbes magazine regarding the positive effect of micro-businesses on Afghanistan. [17]
In 2013, Hand in Hand launched the Enterprise Incubation Fund (EIF), through which philanthropists can provide loans to micro-entrepreneurs in Kenya. [18]
As of 2021, Hand in Hand International's board of trustees included Bruce Grant (Chair), Dr John Barrett, Dr Madhvi Chanrai, Carsten Jorgensen, Lars G Josefsson, Paola Uggla and Stephanie Whittier. [19]
The organizations within the Hand in Hand group actively support each other, although they are independent and each organization has its own governance and management structure as well as strategic plan. Each organization is represented by its CEO on the Hand in Hand Global Council. The Global Council coordinates policy and activities across the Hand in Hand network.
Today, the Hand in Hand network extends to:
The network has support and fundraising offices in London, Stockholm and New York. [29]
The Hand in Hand network uses a comprehensive business creation model, initially developed by Hand in Hand India, [30] to fight poverty. [31] [32] There are five interlinked elements that deliver the Hand in Hand approach:
Hand in Hand International's work has won numerous awards, including:
Hand in Hand International has also been recognized for its range of employee benefits, including work-from-home Fridays, extended parental leave and more and in 2024 was shortlisted for the Working Families Award.
Globally, Hand in Hand has generated 5.6 million businesses and 10 million jobs. An independent report published in 2012 confirmed that 97.4% of the jobs are sustainable. [25] [38] Another report published in 2019 found that 80% of businesses were still operational a year after Hand in Hand programs concluded. [39]
Percy Nils Barnevik HonFREng is a Swedish business executive, best known as CEO and later Chairman of ABB 1988–2002, and for being the centre of a giant pension dispute that shook Sweden in 2003. He is the co-founder of the non-profit organization Hand in Hand.
Microcredit is the extension of very small loans (microloans) to impoverished borrowers who typically lack collateral, steady employment, and a verifiable credit history. It is designed to support entrepreneurship and alleviate poverty. Many recipients are illiterate, and therefore unable to complete paperwork required to get conventional loans. As of 2009 an estimated 74 million people held microloans that totaled nearly US$40 billion. Grameen Bank reports that repayment success rates are between 95 and 98 percent. The first economist who had invented the idea of micro loans was The Very Reverend Jonathan Swift in the 1720’s. Microcredit is part of microfinance, which provides a wider range of financial services, especially savings accounts, to the poor. Modern microcredit is generally considered to have originated with the Grameen Bank founded in Bangladesh in 1983 by their current Chief Adviser Muhammad Yunus. Many traditional banks subsequently introduced microcredit despite initial misgivings. The United Nations declared 2005 the International Year of Microcredit. As of 2012, microcredit is widely used in developing countries and is presented as having "enormous potential as a tool for poverty alleviation." Microcredit is a tool that can possibly be helpful to reduce feminization of poverty in developing countries.
Microfinance consists of financial services targeting individuals and small businesses who lack access to conventional banking and related services. Microfinance includes microcredit, the provision of small loans to poor clients; savings and checking accounts; microinsurance; and payment systems, among other services. Microfinance services are designed to reach excluded customers, usually poorer population segments, possibly socially marginalized, or geographically more isolated, and to help them become self-sufficient. ID Ghana is an example of a microfinance institution.
Wadih Elias el-Hage is a Lebanese and naturalized American citizen, who is serving life imprisonment in the United States based on conspiracy charges relating to the 1998 United States embassy bombings.
Mohammad Ashraf Ghani Ahmadzai is an Afghan former politician, academic, and economist who served as the president of Afghanistan from September 2014 until August 2021, when his government was overthrown by the Taliban.
Children International is a global nonprofit humanitarian organization that helps children break the cycle of poverty. It addresses children’s critical needs through early intervention and regular interaction in community centers. The goal is to help children overcome the effects of poverty, support their education, and prepare youth to contribute to society.
Opportunity International is a 501(c)(3) nonprofit organization chartered in the United States. Through a network of 47 program and support partners, Opportunity International provides small business loans, savings, insurance and training to more than 14 million people in the developing world. It has clients in more than 20 countries and works with fundraising partners in the United States, Australia, Canada, Germany, Switzerland, Singapore, Hong Kong and the United Kingdom. Opportunity International has 501(c)(3) status as a tax-exempt charitable organization in the United States under the US Internal Revenue Code.
Safaricom PLC is a listed Kenyan mobile network operator headquartered at Safaricom House in Nairobi, Kenya. It is the largest telecommunications provider in Kenya, and one of the most profitable companies in the East and Central Africa region. The company offers mobile telephony, mobile money transfer, consumer electronics, ecommerce, cloud computing, data, music streaming, and fibre optic services. It is most renowned as the home of M-PESA, a mobile banking SMS-based service.
Aga Khan Agency for Microfinance (AKAM) is a microfinancing agency of the Aga Khan Development Network.
Slum/Shack Dwellers International (SDI), is a global social movement of the urban poor that started in 1996. It forms a network of community-based organisations in more than 30 countries across Africa, Asia, Latin America and the Caribbean.
iDE, formerly International Development Enterprises, is an international nonprofit organization that promotes a business approach to increasing income and creating livelihood opportunities for poor rural households. iDE was founded in 1982 by Paul Polak, a Denver, Colorado psychiatrist who promoted the concept of helping poor people become entrepreneurs instead of simply giving them handouts. Originally, iDE was devoted to the manufacture, marketing, and distribution of affordable, scalable micro-irrigation and low-cost water recovery systems throughout the developing world. iDE facilitates local manufacture and distribution of these products through local supply chains that sell to farmers at an affordable price which they can repay in one growing season. This strategy allows farmers to grow higher value and surplus crops, and in turn links them to high-value crop markets where they can realize profits from their higher yields. Recently, their success is in the promotion of sanitation products to decrease the practice of open defecation leading to diarrheal disease.
BASIX is an institution concerning the promotion of livelihood established in 1996 in India. It is headquartered in Hyderabad, Telangana. Around 2010 it's NBFC arm raised funds from private equity investors and declared bankruptcy after couple of years.
Five Talents is a Christian charity that provides savings programs, and financial literacy and business training for those in need in developing countries. They make use of a form of savings-led microfinance. Five Talents' programs serve people regardless of religious background, and they aim to transform lives through economic empowerment, creating long-term solutions to poverty in the developing world.
Self Help Africa is an international charity that promotes and implements long-term rural development projects in Africa. Self Help Africa merged with Gorta, in July 2014, and was known for a period as Gorta-Self Help Africa. In 2021, the organisation merged with the UK-based international non-governmental organization (INGO), United Purpose. Self Help Africa also owns a number of social enterprise subsidiaries - Cumo Microfinance, TruTrade and Partner Africa.
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HOPE International is a Christian faith-based nonprofit organization based in Lancaster, Pennsylvania that equips individuals living in poverty with savings and microfinance services. HOPE International now operates in over 20 underserved countries and has assisted over 3 million people with small loans and savings services since it began operations in 1997.
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