Mobilize Social Business to Accelerate Achievement of MDGs in Timor-Leste
About the social business project
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.
- 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
||Korea – UNDP MDG Trust Fund (Government of South Korea)|