You give 2, Sitawi lends 20, we change 2,000 lives

Mar 31, 2014

Finance for Good in 2014 or "3 months in 3 minutes

Hello from SITAWI! Find out our latest news from the first quarter and priorities for the coming months.

2014 began with a running start: we published articles and studies, gave talks at well-known forums and are supporting important events for the sector. How about sharing some of our enthusiasm!


Give More, Give Better!

On March 24, SITAWI launched the campaign Doe Mais, Doe Melhor (Give More, Give Better!) to show how donations can contribute to building a better Brazil. The campaign brings together stories from donors to bring about a profound change in the Brazilian social sector. Find out more, tell you friends, take part. Tell your own story as a donor and inspire others!


SITAWI’s growing impact

Throughout 2013, SITAWI significantly multiplied its impact. We invested R$1.5 million in 8 organizations, benefiting more than 110,000 people. Cumulatively, this result was a great leap compared with last year: 142,000 people have now benefited, R$ 3.2 million has been invested in the social sector, and 17 social and environmental initiatives supported. Of course, your support was fundamental in us achieving this result. Thank you!


Social Sector Mergers

SITAWI launched its study on Mergers and Other Structured Long-Term Collaborations at the 8th GIFE Conference. Collaborations are not just a response to the lack of available resources, but also an opportunity to increase organizations’ impact through improved knowledge, stronger brands and better infrastructure. SITAWI is creating a group to further this idea in Brazil and is currently looking for interested actors. To read the study, click here:


Water: is the right price enough?

“There are growing worries about the availability of water in the coming decades. One of the proposed solutions is to price water resources, which could lead to significant costs for various industrial sectors. But will a purely economic solution prove the definitive one?” Projections of the future of water and its implications for industry are the subject of an article by our consultant, Fred Seifert, published on the site Ideia Sustentável. Follow the link and read it here:


Sustainable Brands Rio 2014

Sustainable Brands is a global learning community on the role of brands to build a better future. The Brazilian event, organized by Report Sustentabilidade, will be held in Rio de Janeiro on April 24 and 25, with the support of SITAWI: Leonardo Letelier and Gustavo Pimentel will give talks and judge the Innovation Open competition, which will choose the startup that is most innovative in resolving social-environmental challenges. Use the hashtag #SBRIO14 to keep up-to-date. Registration is open until 31/03:


Social Finance Forum

The Forum for Social Finance and Impact Businesses will take place on May 6 and 7 in São Paulo and will create a space to debate the issues, share experiences and identify challenges and opportunities, to stimulate new ways of thinking about investments that create social impact in Brazil. SITAWI is supporting the forum, which will bring together national and international thought leaders in this new sector. Find out more here:


SITAWI at the EY Sustainable Entrepreneur Prize

“This is more confirmation that we are on the right track and the challenge now is to grow the organization and our impact” was how Gustavo Pimentel described his and SITAWI’s nomination for the category ‘Sustainable Entrepreneur’ at the Entrepreneur of the Year Award. Visit the site about the prize here:


Entering in Climate

To encourage institutional investors to invest in environmentally responsible companies, SITAWI spoke at a workshop organized by CDP Investimentos Responsáveis in Rio de Janeiro and São Paulo in March: how to maximize results by analyzing climate change management. The talks given by Gustavo Pimentel on valuing the impact of climate change on Brazilian companies were attended by pension funds, which manage hundreds of billions of reais.


Multiplying Impact

"From the perspective of social impact, not all investments are born equal. If on one side, traditional philanthropy in Brazil leaves a lot to be desired in terms of volume and impact; on the other, investments to maximize profits don’t seem to satisfy all society’s needs.” This was the subject of an Open Class by our CEO Leonardo Letelier at the Casa do Saber, in January in Rio. The seminar was sold out and the group analyzed measures to multiply impact, including concepts, such as venture philanthropy, social loans, impact investing and how each of them apply to the Brazilian context.


If you like SITAWI’s work, why not support us? Make a regular donation for any amount, tell you friends and help to bring more capital, more types of capital and more efficiency in its use and investment to transform more lives!



Jan 2, 2014

Hello, thanks! Hope you inspire others.

Finance for Good
Finance for Good's presented at CGI

Hello from SITAWI. Thanks a lot for your support! May your generosity inspire others in 2014.

SITAWI’s Financial Solutions: an exemplary approach to global change - SITAWI was invited to take part at the Clinton Global Initiative Latin America (CGI) meeting, which took place in Rio de Janeiro from December 8-10th. At the high-profile event, Leonardo Letelier presented Finance for Good’s work in transforming the social sector in Brazil. In 2010, SITAWI signed its first commitment with CGI to invest $1.5 million in the Brazilian social sector, which was completed in 2013. This renewed commitment will invest an additional $3.5 million by 2016, impacting 100,000 people.


“Let’s make SITAWI an even more effective instrument to transform even more lives” - With this phrase, SITAWI’s CEO Leonardo Letelier summed up the future for the nonprofit that pioneered financial solutions for social impact in Brazil. As well as an ambition, it is also an invitation to commitment and was presented at the end-of-year dinner for board members and both current and future supporters. The meeting was attended by Armínio Fraga, former president of the Central Bank of Brazil and Finance for Good enthusiast, who believes that “with high standards of excellence and efficiency, civil society will be able to achieve greater results”. The impact generated by SITAWI was shown by Roberto Kikawa who presented the results of Project CIES: more than 100,000 high-quality medical checkups for vulnerable Brazilians.


SITAWI highlighted in RI magazine - Finance for Good was featured in the October edition of the brazilian magazine Relação com Investidores (Investor Relations). The article, published in the section Sustainable Finance, covered SITAWI’s activities and services, looking at the concept of the social loan, high social impact projects, innovation, responsible investing, new business models, and social, environmental and governance issues.


Fairer trade in Amazonia - The Yanomami tribe in the Brazilian Amazon had an order to 3000 handicrafts for a large retail chain. With a social loan for R$60,000, SITAWI allowed the tribe to complete the order, by providing the necessary capital to a partnership between Solidarium and the program Pró-Arte, of Associação Pró-Amazônia, which promotes the appreciation of the Yanomami culture within the community, and fair trade for their handicrafts. A client of SITAWI since 2009, Solidarium brings together artisans from all over Brazil and allows groups of artisans to improve their organizational skills and increase their incomes.

Fairer trade in Amazonia
Fairer trade in Amazonia
Oct 18, 2013

SITAWI Update - October 2013


Welcome to SITAWI´S report! Check out our latest news!

Training for young social entrepreneurs

The Agência de Redes para Juventude (Agency of Youth Networks) is a project in pacified favelas in Rio that offers young people opportunities, connections and tools to transform the areas where they live. As part of the project, in August, SITAWI held a workshop on fundraising for 45 young social entrepreneurs.


New Social Loan

In October, SITAWI made a new loan to Soldarium, a social business we first worked with back in 2009. Solidarium works with low-income artisans throughout Brazil to give them opportunities to sell their handicrafts and increasing their incomes. In 2012, Solidarium created an online marketplace to connect with a wider audience and is now working with Pró-Amazônia, an organization that promotes sustainable development among the Yanomami in Amazon, through fairer trade that will help the tribe to preserve and value its cultural heritage. SITAWI has lent R$60,000 to allow Pró-Amazônia and Solidarium to deliver 3,000 traditional handicrafts to a Brazilian furniture chain.


Strengthening the Social Sector in Brazil

Between 28 and 30 November, SITAWI will take part in ONG Brasil in São Paulo, an annual conference and gathering for the Brazilian social sector. The event is recognized as the largest cross-sector social responsibility meeting in Latin America, and will bring together social organizations, investors in social initiatives and public policy specialists. We look forward to seeing you at our stand!


Jul 22, 2013

SITAWI Update - July 2013

Congratulations SITAWI

This past May, SITAWI celebrated its fifth anniversary.  We took advantage of this special moment to celebrate with our supporters and to introduce our new SITAWI office and team to them.  At the event we also presented the social impact numbers we brought to fruition in recent years.

To date we have:

  • Supported 13 social organizations
  • Provided R$1.8 million in social loans
  • Allocated R$2.8 million to the social sector
  • Managed R$2.5 million in social asset funds
  • Helped more than 24,000 people

Thank you for helping us reach this milestone and we look forward to your support over the next 5 years!


New Social Loan

Pipa Social is a non-profit organization founded in 2011 in Rio de Janeiro that provides opportunities for talented artisans from the city’s favelas to make creative products and clothing.

In addition, Pipa coordinates training courses for artisans seeking to professionalize, brings information about the fashion market and how to work in it into local communities, and strengthens cooperatives and associations in favelas, all with the goal to generate jobs and income.

Learn more about another great initiative supported by Finance for Good at


2012 Summary of Results

For those who have not seen it, we would like to share with you our 2012 Summary of Results, which features our main challenges and achievements over the past year.

The Summary of Results is part of SITAWI’s commitment to professionalism, innovation and transparency.

Be sure to click the below link to read the full version.

Together we can raise additional capital to transform lives and the world!



Apr 22, 2013

SITAWI Update - April 2013

Leonardo Letelier with two former summer interns
Leonardo Letelier with two former summer interns

Hello from SITAWI,

SITAWI at Harvard

SITAWI took part in the Harvard Social Enterprise Conference in Cambridge, MA in February. . In its 14 th year, the gathering of more than 1500 social entrepreneurs has established an impressive track-record for attracting inspiring speakers, skill-building workshops and panels, and networking events, including the Pitch for Change social innovation ideas contest and a social enterprise career fair. This year’s topic was “Create. Connect. Commit.” and encouraged participants to find new and innovative forms of creating and leading change. Originally scheduled over two days, the conference was disrupted by winter weather. Even so, our CEO, Leonardo Letelier, was part of a panel that looked at the evolution of social businesses around the world.

A more efficient social sector

In 2013, SITAWI is carrying out a study into alliances and mergers between social sector organizations in Brazil.

Inspired by the business sector, some organizations in Brazil are looking at tools to increase scale, efficiency or impact, such as collaborating with other organizations to integrate back offices, create franchises or merge.

The advantages of this type of initiative include reducing costs, generating more resources (by combining “brands” to create a joint budget for marketing, communication and fundraising), or increasing impact (by taking the best of each intervention to serve the same public).

As part of the project’s current phase, SITAWI is interviewing experienced professionals and sector leaders to publicize case studies from Brazil and other countries and to identify best practices.

Stay tuned for the results!

A project that could benefit from collaboration
A project that could benefit from collaboration


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Rio de Janeiro, RJ, Brazil

Project Leader

sitawi .

Rio de Janeiro, RJ Brazil

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Map of You give 2, Sitawi lends 20, we change 2,000 lives