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Heart

Facts

Investee Heart, founded 2007
Location South Africa
Sector Employment and skills
Funding period 2008-2011
Funding type Loan

 

Impact

Context

  • Backdrop of prevalent poverty, inequality, poor education, AIDS, and environmental degradation in South Africa
  • A growing number of NGOs and social enterprises established to respond to these needs
  • Organizations are often hindered from achieving sustainability, or fully reaching their desired impact, due to two major problems:

            (1) lack of a sustainable funding base, or

            (2) lack of organizational and managerial capacity

Solution

  • Developing innovative funding sources and providing organizational and managerial capacity building for NGOs and social enterprises
  • Heart’s work focuses on three elements: (1) building social enterprises, (2) creating social investment opportunities, and (3) raising awareness through social media
  • Incubates a unique portfolio of 12 distinct social enterprises, to address some of the most pressing social and environmental issues in South Africa

Impact depth

  • Heart benefited/reached approximately 400’000 people in 2008, through its 12 portfolio organizations
  • Within the next 3 years, Heart aims to be able to reach 1.7 million people. This increase should be achieved by scaling up existing projects as well as projects that are currently still in the development stage