Mobilize Social Business to Accelerate Achievement of MDGs in Timor-Leste

About the social business project

Delegates to a 2012 forum on social businesses, including Prime Minister Xanana (far right, suit and tie) and former Prime Minister, Mari Alkatiri (far right, black shirt) view locally-made products
DELEGATES TO A 2012 FORUM ON SOCIAL BUSINESS, INCLUDING PRIME MINISTER XANANA (RIGHT, SUIT, WHITE SHIRT AND TIE) AND FORMER PRIME MINISTER, MARI ALKATIRI (FAR RIGHT, BLACK SHIRT) VIEW LOCALLY-MADE PRODUCTS. PHOTO: SANDRA MAGNO/UNDP TL.

UNDP and the Government of Timor‐Leste are collaborating on innovative ways of mobilising the private sector to accelerate the achievement of the MDGs. (Lee versaun Tetum iha ne'e)

The project is using a multifaceted-approach to achieve these outcomes through the mobilisation of viable social businesses – non‐loss, non‐dividend companies whose business activities address a social objective. Social businesses seek to generate a modest profit that is then re-invested into the business to expand its reach, improve its product or service or subsidize its social mission. Priority is given to those social businesses that meet critical gaps in products and services for the poor and are also related to the MDGs.

Project goals

  • Establish a social business fund to finance viable social businesses
  • Improve the capacity of service providers to furnish accessible, needs‐based technical support to social businesses
  • Improve coordination and networking among investors, service providers, regulatory bodies and social businesses

Project finances



Budget Donor
US$2.1 million
Korea – UNDP MDG Trust Fund (Government of South Korea)
Project overview
Status:
Active
Duration:
2012-2015
Location:
National
Focus area:
Poverty Reduction
Partners:
Ministry of Commerce, Industry and Environment, Chamber of Commerce, Women’s Business Association, Commercial Banks
MDG:
Goal one
Project officer:
justino.dacosta@undp.org