Concordia crafts a family space for such youth daily where they receive the support they need and deserve.
NESsT focuses on improving economic autonomy because it improves community autonomy. As much as "Workforce Diversity and Inclusion" is used to solve this problem, it will not. We must pursue Workforce Equity and Justice.
Meet Victor. Victor is a coppersmith in the Romanian village of Brateiu. There used to be 200 Roma coppersmiths in his village. Now there are only six left. He says he’s proud he can continue to practice the craft of his ancestors and make a living doing so.
NESsT's portfolio director for the Andean Region offers three top tips for social entrepreneurs: (1) Look Deep, (2) Seek Feedback and (3) Test, Test, Test.
This blog delves into the methodology behind NESsT’s publication to improve the targeting, accessibility, efficacy, and efficiency of investments in the Amazon bioeconomy; it homes in on NESsT’s firm intention to bring local voices to global discussions around Amazon bioeconomy funding and explores how NESsT anchored the publication in authentic narratives and diverse Amazonian contexts while tailoring the message for the international financing community.
As part of its ongoing commitment to address the pressing challenges faced by entrepreneurs in Latin America, particularly in the Andes-Amazon region, the NESsT Lirio Fund is expanding its reach into Brazil. The fund is investing in small and medium-sized enterprises that create dignified income opportunities and improve local livelihoods while contributing to environmental conservation.
NESsT has a portfolio of 50 enterprises based in the Amazon. Over the past five years, NESsT portfolio managers have worked closely with these enterprises to monitor, measure, and grow their impact. Recently, NESsT sought to develop more detailed methods to understand the culture and context of the data it collects, specifically for enterprises in the Amazon.
Associação Bebô Xirin do Bacajá (ABEX) is an Indigenous-led association that participated in the Amazon Indigenous Rights and Resources (AIRR) project launched in 2021 to support Indigenous populations to become more visible and active actors in the Amazon economy, in ways that conserve rainforest biodiversity and build environmental resiliency.
Diaspora.Black, a social enterprise in the tourism and events sector, joins the NESsT Racial Equity Initiative. With NESsT’s investment, Diaspora.Black will offer training and funding to local Afro-entrepreneurs, fostering a community dedicated to expanding tourist routes that bring more visibility to the history and culture of Afro-Brazilians.
Nicole Etchart, NESsT CEO and Co-Founder, spoke with journalist Valentina Llompart at the Diario Financiero.
Article Summary: Founded over 26 years ago, Impact investor NESsT’s international trajectory has taken it to countries in Central and Eastern Europe and South America, including Chile – which was one of the first countries it invested in. NESsT has created significant impact in the region through investing in social enterprises that work on the ground with Chile’s marginalized communities.
Read the full article on Diario Financiero.
Over 26 years, NESsT’s model has shifted its focus to support social enterprises in the so-called ‘missing middle’. Today, NESsT brings patient capital and business assistance to entrepreneurs working with marginalized communities in 10 countries across Central Europe and South America, including Chile.
“The companies we support are slightly more advanced than startups – they have developed an initial idea and have an established business model, but they need a push to grow in order to create real impact,” shared Nicole Etchart.
The impact NESsT has generated in the region is significant. Since it was created, NESsT has channeled over US $2M in resources to social enterprises in Chile, supporting companies that often face obstacles when accessing financing from traditional sources due to their high-impact focus.
Through deploying patient capital and business assistance to 25 Chilean enterprises working with marginalized communities, NESsT has supported the creation of more than 5,000 dignified jobs in the country. To date, these efforts have positively impacted over 184,400 individuals.
Today, NESsT provides tailored business support to 9 social enterprises in Chile as part of the NESsT - IKEA Social Entrepreneurship Accelerator Program in South America, including Ecocitex, Bendito Residuo, Inclúyeme, Lazarillo, and Savia.
NESsT and the Inter-American Development Bank (IDB) announce a new pilot program to support 15 enterprises in the Amazon Basin with financial capital and business mentoring resources. The program will launch as a 18-month pilot to test a new model of governance that will form an alliance with regional and national indigenous federations.
