Microeconomic Development and Social Enterprise

Microeconomic Development and Social Enterprise

Ukraine
Organization type: 
for profit
Budget: 
$1,000 - $10,000
Project Summary
Elevator Pitch

Concise Summary: Help us pitch this solution! Provide an explanation within 3-4 short sentences.

A 'Marshall Plan' for Ukraine which includes childcare reform, internet development, microfinance and the creation of a faculty for social enterprise with sssociated social investment fund.

About You
Organization:
People-Centered Economic Development UK
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Section 1: About You
First Name

Jeff

Last Name

Mowatt

Country

, KL

Section 2: About Your Organization
Is your initiative connected to an established organization?

Yes

Organization Name

People-Centered Economic Development UK

Organization Phone

+44 1594 563653

Organization Address

Briarwood, Folly Rd, Parkend, Glos, GL15 4JF

Organization Country

, GLS

How long has this organization been operating?

More than 5 years

Your idea
Country your work focuses on

, KL

Innovation
What makes your innovation unique?

The P-CED model of a profit-for-purpose business applying profit to leverage investment in economic development was conceived in 1996 in a paper delivered by founder Terry Hallman and subsequently deployed to leverage investment for a microfinance initiative in Russia. The 'Marshall Plan' published in 2006 is a copyright document. This plan sets out a nil overall cost strategy with profitable components underwriting those of less than full cost recovery.

Do you have a patent for this idea?

Impact
Tell us about the social impact of your innovation. Please include both numbers and stories as evidence of this impact

After delivery of the paper in 2006, Ukraine's government announced childcare policy changes which led to a 40% increase in domestic adoptions over the next 3 years. Affordable broadband was made available a year later and in response to requests for assistance in the creation of a social enterprise investment fund, the new East Europe Fouundation was established.

Problem: Describe the primary problem(s) that your innovation is addressing

Poverty which institutionalise children who are abandoned to the state and then rendered onto the streets to fuel an HIV epidemic, child prostitution and trafficking which completes a vicious cycle abandoning yet more to the state.

Actions: Describe the steps that you are taking to make your innovation a success. Include a description of the business model. What might prevent that success?

Our work is both activism and advocacy and is funded by our profit for purpose approach which deploys revenue earned in the United Kingdom from software devlopment to fund the core costs of operating in Ukraine. That has remained sustainable over the last 6 years.

Results: Describe the expected results of these actions over the next three years. Please address each year separately, if possible

Several impacts have already been made in childcare reform, internet accessibilty and support for sustainable community development. Greater visibility will draw attention to the most vulnerable children, those disabled and institutionalised who have so far been overlooked. Recent awareness of the social investment fund concept in the US will raise awareness of possibilities for doing similar on an international scale as indicated by GIIRS.

How many people will your project serve annually?

More than 10,000

What is the average monthly household income in your target community, in US Dollars?

$50 - 100

Does your innovation seek to have an impact on public policy?

Yes

If your innovation seeks to impact public policy, how?

As described above in impact already created which can ne found in links on this page.

http://people-centered.net/About.aspx

Sustainability
What stage is your Social Enterprise in?

Operating for more than 5 years

Does your organization have a board of directors or an advisory board?

Yes

Does your organization have a non monetary partnerships with NGOs?

No

Does your organization have a non monetary partnerships with businesses?

Yes

Does your organization have a non monetary partnerships with government?

Yes

Please tell us more about how partnerships could be critical to the success of your Social Enterprise

We supply software services to both commercial and public sector, serving government, healthcare and corporate customers who have retained our services for up to 20 years. We are in need of increasing revenue by attracting new customers.

We would like to learn more about how your initiative is financially supported. Please explain your business plan/revenue model

As described earlier. Software services in the UK fund core operations. All infomation on the business model and strategy plans is found on our website www.p-ced.com

The Story
What was the defining moment that led you to this innovation?

The point at which founder Terry Hallman fasted for economic rights in the US and we determined to apply his ideas on a national scale initiative.

Tell us about the person—the social innovator—behind this idea.

Terry Hallman was a nonprofit founder who'd focussed on MIA serviceman in Vietnam. In 1996 he was invited to serve on the steering group of the Committee to Re-elect the President. With no brief he determined to produce a paper with his ideas for a new people-centered economic paradigm and a social purpose business model.

His work led him to Russia where he'd leveraged investment for a microfinance initiative which resulted in around 10,000 new businesses. with more than 80% created by women.

He'd then moved on to Crimea to follow up with a strategy for social enterprise within a repatriated Islamic community. With the backing of P-CED UK he'd returned in 2004 to construct a national scale strategy for social enterprise.

How did you first hear about Changemakers?

Social media (e.g. Twitter, Facebook, LinkedIn)

If through another source, please provide the information