Social Enterprises are businesses that trade in the market in order to fulfil social aims. They bring people and communities together for economic development and social gain. Social Enterprises have three common characteristics i.e. enterprise orientated, socially owned and driven by group ethical values. Governance and ownership structures are based on participation by stakeholder groups or by trustees with profits used for the benefit of the community.
CHV FROM IRRIGATION COMMUNITY UNIT AT HER BANANA FARM, 2015
Obama, 2015; Social enterprises create new jobs and new businesses, new ways to deliver basic services, new ways of seeing the world (it’s the spark of prosperity). It helps citizens stand up for their rights and push back against corruption. Entrepreneurship offers a positive alternative to the ideologies of violence and division that can all too often fill the void when young people don’t see a future for themselves. Entrepreneurship means ownership and self-determination, as opposed to simply being dependent on somebody else for your livelihood and your future. Entrepreneurship brings down barriers between communities and cultures and builds bridges that help us take on common challenges together. Because one thing that entrepreneurs understand is that you don't have to look a certain way, or be of a certain faith, or have a certain last name in order to have a good idea.
Community-rooted innovators, social entrepreneurs, build solutions based on a deep understanding of the socio-economic context within their specific communities. They weave initiatives that flip problems into cross-sector, sustainable, community-driven solutions. Social enterprises really make significant contribution to combating poverty and inequality CINCO Social Enterprises /Livelihood projects aims at generating sustainable livelihoods through entrepreneurial ventures by capacity building, fostering community linkages/ networks and promoting small businesses coupled with gender equity in our endevours. CINCO promotes microfinance, Self Help Group formation and capacity strengthening linkages between community groups and financial institutions. According to UNICEF, nearly a half of the world's population (more than 3 billion people) live on less than $2.50 a day, with more than 1.3 billion living in extreme poverty (less than $1.25 a day). One billion children worldwide are living in poverty with about 22,000 children dying each day as a result.
In Sub-Saharan Africa, more than 218 million people live in extreme poverty (less than $1.25 a day). Among them are rural poor people in Eastern and Southern Africa, an area that has one of the world's highest concentrations of poor people. Women and Girls make up most of the poorest individuals in the world today.
While Kenya is on the path to economic growth, poverty alleviation remains a challenge. Nearly half of the country's 43 million people live below the poverty line. Two thirds of the people in Kenya's capital city of Nairobi live in slums. Approximately 800,000 young Kenyans enter the labour market every year and youth unemployment is estimated to be as high as 35%, compared to the overall national unemployment rate of 10%. Furthermore, 80% of unemployed Kenyans are below 35 years old.
When women earn, their income supports the whole family and saves for the future. Women in entrepreneurship is therefore an important factor in lifting households, more so the children from hunger and thus improve on their school attendance shaping their future. Poor women in rural settings do not benefit from loans given out by financial institutions because of lack of collaterals. Village/Group Savings and Loaning can offer a solution to enhance business start-ups to support families.
CINCO builds capacities of women and youth groups on Social Entrepreneurship to enhance a sense of ownership, confidence and empowerment. CINCOs current Social Enterprise project is funded by the European Union through the British Council and is being implemented in three Counties i.e. Kisumu, Siaya and Homa-Bay. CINCO works towards contributing to the achievement of the specific objective of the action thus; to promote and strengthen an evidence-based social enterprise approach in addressing developmental priorities in Eastern Africa, notably in Ethiopia and Kenya.
CINCO’s delivery falls under Result 2 of the EU/British Council project component: Increased capacity of social enterprise institutions and practitioners in Kenya and Ethiopia, including social entrepreneurs, civil society leaders, intermediaries and educators. We seek for support as we strive contributing towards achievement of Kenya’s Vision 2030 and meeting of the Sustainable Development Goals (SDGs), the Global Goals.
UPPER BWANDA CHVs IGA, 2014