Global Partnerships Programs
We invest financing and technical assistance into social enterprises who provide services that can greatly expand opportunities for people living in poverty. We select SE’s based in part on their alignment with one or more of our impact areas. Three of our impact areas include:
Health Services: By investing in initiatives in health education and screening as well as primary care and essential medicines, our investments in social enterprises help improve overall family health, which leads to greater economic opportunity. We now invest in nearly 20 social enterprises that offer some combination of health services in addition to financial services.
Green Technology: In many parts of the world, the only source of light is a single kerosene lantern that emits dirty, toxic fumes. We are investing in social enterprises that can deliver affordable solar products to remote, rural families. This extends their workday and study time and improves their overall health. This is our newest initiative, begun less than 1 year ago.
Rural Livelihoods: Smallholder farmers often lack access to technical assistance on the best crop-growing practices as well as working capital and access to commercial markets. We invest in partners that can provide these important services that will help smallholder farmers improve their livelihoods. We currently invest in 16 social enterprises providing a combination of technical assistance, access to commercial markets and working capital.
Recent Successes and Current Challenges
Global Partnerships’ (GP’s) investment in its partner COMIXMUL’s community pharmacy program now enables over 7,000 women, many of whom live in poor, rural areas, to access essential medications at affordable prices. What’s remarkable is that the program has demonstrated that it can be sustainable, meaning that it if all continues to go well, the program can one day be self-sustaining and not require further philanthropic support. This is the key to achieving enduring and far-reaching impact. However, to get to that point, philanthropy is critical to designing and fine-tuning programmatic models.
Our community pharmacy investment is just one of our six current initiatives. Over the next decade, we want to expand our initiatives so that we can reach tens of millions of people. We can’t do it without philanthropy. Philanthropy is the fuel that drives innovation in our work.