THE Sitawi concluded in record time the third round of investments in businesses with a positive socio-environmental impact through its Collective Loan Platform, an initiative in partnership with the Sabin Institute. In less than two hours, 98 investors made 136 investment reservations, contributing a total of R$ 800 thousand in the two selected organizations: Manaós Tech, from Manaus, and Movimento Eu Visto o Bem, from São Paulo.
The amounts invested started from R$ 1 thousand (minimum amount allowed), and 77% of the investments were up to R$ 5 thousand, showing great interest from small investors in impact investments. The capital invested will be paid back in fixed installments of 30 months, with interest accrued equivalent to 7.15% per year, 376% of the CDI.
The businesses raised through the Platform intend to use the funds to leverage their operations. THE Manaos Tech, a technological education school for children and adolescents, raised R$ 317 thousand and intends to expand to peripheral regions of Manaus. O Movement I Wear Good, which generates employment and income for socially vulnerable women in São Paulo, raised R$ 484 thousand, which will guarantee working capital for contracts with large retailers, among other objectives (see below for more information on impact businesses).
THE Crowdlending Platform for Impact was launched in June 2019 and is an initiative of Sitawi, to enable investors, especially individuals, to lend money directly and digitally for the success and growth of organizations with a mission to generate a positive socio-environmental impact. On the one hand, investors obtain competitive returns. On the other hand, businesses have access to a credit line with lower interest rates than those practiced in the market. The model is known as Peer-to-Peer lending.
Since its launch, the Platform has carried out three investment rounds, which have contributed to mobilizing R$ 5.6 million for 12 businesses with a positive socio-environmental impact, with the participation of 273 investors. "In 15 months of the platform we have seen a growing demand from small investors for this type of investment. Our expectation is to make more rounds and leverage the number of impact institutions served and the volume of funding. For the next year, we anticipate a growth of up to 3 times in the volume mobilized in 2020”, it says Andrea Resende, manager of Investment of Impact of Sitawi.
Upcoming Funding by the Platform
THE Sitawi will carry out another round of investment through the Collective Loan Platform later this year. As in the previous rounds, the focus will be on companies that are ready to grow and contribute to the mitigation of the impacts of the crisis and the economic recovery after the COVID-19 pandemic, with robust business plans for the profitability of investments.
Until then, people who are interested in investing can register on the site to receive the news and will be notified first hand about the opening of funding.
selected businesses
See more about the 2 impact businesses that received investment from the 3rd Round of Collective Loan Sitawi:
Manaos Tech
THE Manaos Tech is a technological education school for children and adolescents located in Manaus (AM), with a methodology that values student protagonism and develops skills such as creativity, critical thinking and collaboration during problem solving. In programming, robotics, app and game creation courses, students also learn about impact entrepreneurship, how to use technology to bring about positive change in society and contribute to the UN Sustainable Development Goals.
More than 3 thousand students have already attended Manaós Tech courses, either in its own unit where it receives children and adolescents from all social realities, with full scholarships at 25% of students, in the 4 laboratories that it operates in private schools or in workshops organized in partnership with other organizations. These are young people who have the opportunity to master a technological language that prepares and qualifies them for the professions of the future. Students receive content and practical activities in the areas of innovation, logic, cooperation, creativity, internet of things, citizenship, among others, which makes it possible to expand the learning and production capacity of these children and adolescents in a context of freedom to develop their own projects. . The hired teachers are all trained at the state university, as a way of valuing the local workforce.
Thirst: Manaus, AM
Founded in: 2014
Founders: Glauco Aguiar and Luiz Garcia
How much did you capture: R$ 317 thousand
How you intend to use the investment: Manaós Tech will expand to 5 new schools in the outskirts of Manaus, which are unable to have a laboratory and robotics teaching, in order to serve students unable to travel to the city center, in addition to developing an online teaching platform with gamified video classes, in which the student studies as if he were in a game and can customize the course of learning.
Movement I Wear Good
With the mission of offering environmental and social solutions to the corporate market, with a focus on professionalization and job and income generation for vulnerable women, the Movement I Wear Good employs inmates, ex-prisoners, refugees and immigrants to make clothes and accessories. The Movement was born from the sustainable fabric clothing brand Joaquina Brasil and today also encompasses the production of uniforms, gifts and packaging for companies and, in a non-profit initiative with other organizations, the manufacture of masks to prevent Covid-19. . Among its clients are large companies such as Natura and Renner.
The Eu Visto o Bem Movement employs 20 inmates from the Butantã women's prison, in São Paulo (SP), who also participate in professional training workshops and lectures on financial education, self-esteem, among other topics. In addition, it maintains a production shed where 25 women work, including former prisoners, refugees and immigrants. Historically, the movement has already employed 200 women in situations of vulnerability, being the first formal job for many of them. In testimonies provided to Sitawi, it was seen that the formal contract was a transforming factor in the lives of these women. With this job opportunity, they were able to maintain custody of their children, participate in their upbringing, return to their country of origin or send resources to support their family. All fabrics used in the production of Movimento Eu Visto o Bem are sustainable: leftovers from the industry, recycled from PET or antiviral and antibacterial bottles. The material that is left over and cannot be reused is defibrated to become pillow stuffing.
Thirst: Sao Paulo-SP
Founded in: 2018
Founder: Roberta Negrini
How much did you capture: R$ 484 thousand
How you intend to use the investment: The investment in Movimento Eu Visto O Bem will guarantee working capital for contracts with large retailers, in addition to helpingar to structure an entrepreneurship course to train female prisoners to set up their own business after freedom, digitize processes and update production machinery and invest in improvements in their communication channels.
