SITAWI is committed to protecting the environment and changing the lives of the most vulnerable people in Brazil. To achieve this, since 2008 SITAWI Finance for Good has pioneered financial solutions for social impact and in the analysis of the social and environmental performance of companies and financial institutions. We dream of a world where capital is cheaper, more abundant and more patient for organizations and businesses creating positive social and environmental impact.
Brazil still is one of the ten most unequal countries on earth. Even with limited access to capital, there are thousands of social enterprises fighting these problems. Traditional banks offer loans with interest rates of up to 50% and foundation grants are too small and too restricted. The business model of some of these institutions is financially viable in the long-term, and loans have demonstrated their potential within the social impact sector.
Through the development of financial innovations for the social and environmental impact sector, we play an important role in this ecosystem. Since 2008, we have multiplied the impact of our capital 5.3x and reached nearly 300,000 people. We did that by managing philanthropic funds; managing social and environmental revolving funds; providing consultancy for impact social enterprises, and in 2017 we started to operate funds from national/international development agencies, and private entities.
We want to develop the Social Finance sector by promoting access to capital according to the specific needs of each supported organization. SITAWI's work on innovating the pathway to access capital and the financial instruments and mechanisms utilized to access capital aims to push traditional actors such as commercial banks to change their perspective on financing social enterprises.