To an audience of 25 people gathered at the home of BrazilFoundation CEO Patricia Lobaccaro, Leonardo Letelier gave a lecture on April 24, where he spoke, as part of the series Ideas that Transform Brazil, about the work of 'Sitawi Finance for Good'. Implemented by himself to support the development of the financial infrastructure for the social sector, it is the first Brazilian fund, based on providing credit to companies and a kind of recycling of reimbursements to the fund.
Since 2009, Sitawi has provided loans totaling US$ 1 million, spread among ten organizations. In just over an hour, Leonardo Letelier gave a class on financial education for the third sector, highlighting the importance of society's investment in financial intermediaries and development and professionalization in the organizations involved to multiply their funds and collections.
Currently, the boundaries between the private sector and the third sector are getting smaller and smaller. And, within this trend, companies have been more interested in social impact and third sector organizations are more focused on new management models that guarantee their sustainability. Letelier spoke a little about the growth of the social business sector and gave examples of several models growing in Brazil.
Sitawi won the beyondBanking BID award for socially responsible investments in 2011. Before establishing the company, Leonardo, who holds a degree in Industrial Engineering from USP and an MBA from Harvard Business School, worked for McKinsey for 8 years. He was in New York, briefly, before attending the State Impact conference hosted by US Secretary of State Hillary Clinton in Washington DC.
http://brazilfoundation.org/portugues/noticias/post.php?post=2118
