CTEEP - COMPANHIA DE TRANSMISSÃO DE ENERGIA ELÉTRICA PAULISTA S.A. São Paulo, August 17, 2021 - Yunus Negócios Sociais, the Brazilian arm of Yunus Social Business, a company co-founded by the Nobel Peace Prize Muhammad Yunus, and the Sociocultural and Business Exchange Association Brazil-Colombia (AISCE) join forces to launch a partnership focused on supporting social entrepreneurship as a way to strengthen the bonds of friendship between peoples and help develop businesses that offer solutions to problems common to both countries and the entire Latin America.
Through Yunus' crowdfunding platform (yunusnegociossociais.inco.vc), the goal is to raise funds under more competitive conditions than those of the financial market, which will be loaned to the chosen social business so that it can consolidate and expand its activities. AISCE will be the campaign's anchor funder, offering R$ 200 thousand from the start. In addition to these resources, any Brazilian individual or legal entity may also invest, lending resources to the selected business and contributing to the expansion of its activities.
For the investor, besides taking out a loan aimed at guaranteeing the return on resources adjusted for inflation (subject to the credit risk of the borrower of the resources), it contributes to generating a positive social or environmental impact. For the entrepreneur, in addition to having access to capital in better conditions than those in the financial market, there will be access to a whole network of mentors from both Yunus and executives from AISCE member companies - ISA CTEEP, Ecopetrol, Gebras and Grupo Sura.
'We were delighted to see AISCE's interest in joining Yunus' efforts to promote social business. Brazil and Colombia, as well as other Latin American countries, have common social and environmental problems, and supporting business that fight these problems will certainly strengthen the bonds of friendship and understanding between peoples. We hope that this is just the pilot and that, next time, we will support a Colombian business that has international expansion plans. The fact that Yunus is also present in Colombia will certainly help with that,' says Luciano Gurgel, Investment Officer at Yunus Negócios Sociais.
'We understand that social business entrepreneurship is one of the tools to strengthen ties between Brazil and Colombia. Getting to know Yunus and identifying the synergies between the institutions and the many possibilities to leverage the results brought even more meaning to our partnership, which we want to see reflected both here in Brazil and in Colombia. This is just the first step', says Fernando Rojas, AISCE´s President.
The Selection
A public call will be opened for the submission of social businesses, those that aim to combat social or environmental problems with financial sustainability and that have internationalization plans for Latin America. The deadline for submission of proposals is September 8 and can be done through the link https://bit.ly/2VZDTro.
The selection criteria will be: (i) solidity of the business model, (ii) relevance of the social and/or environmental problem addressed, (iii) economic and financial feasibility of the proposed solution, (iv) competence and commitment of the team involved in the company management and (v) replicability and scalability of the solution proposed by the business.
About Yunus Social Business
Yunus Social Business believes in the power of business to address and solve the most complex problems of our society and our planet. Through the Social Business mindset - a model initiated by co-founder and Nobel Peace Prize, Prof Muhammad Yunus - it works with innovative business models in different geographies of the world. Through the Investments area, it offers capital via debt and non-financial support for social businesses, those that intend to solve a social or environmental problem. Through the Corporate Innovation unit, it supports large companies to create social innovation strategies connected to their core business, helping to materialize their vision of the future and their purpose through social impact. Yunus Negócios Sociais is part of the Yunus Social Business Global Initiatives network, headquartered in Berlin and present, in addition to Brazil, India, Uganda, Kenya and Colombia. It was founded in 2011. https://www.yunusnegociossociais.com/
About AISCE
Founded in 2017, its mission is to be the largest bilateral relationship platform between Brazil and Colombia, fostering entrepreneurship to generate sustainable social impact, based on exchanges between these two countries. It currently has four associate companies: ISA CTEEP, Ecopetrol, Gebras and Grupo Sura.
Press Information:
Máindi
Yunus Investimentos
Gefferson Eusébio - gefferson.eusebio@maindi.com.br - (11) 99134-2598
Website: http://www.maindi.com.br/
LinkedIn: https://www.linkedin.com/company/maindi/
Facebook: https://www.facebook.com/AgenciaMaindi/
BackThrough Yunus' crowdfunding platform (yunusnegociossociais.inco.vc), the goal is to raise funds under more competitive conditions than those of the financial market, which will be loaned to the chosen social business so that it can consolidate and expand its activities. AISCE will be the campaign's anchor funder, offering R$ 200 thousand from the start. In addition to these resources, any Brazilian individual or legal entity may also invest, lending resources to the selected business and contributing to the expansion of its activities.
For the investor, besides taking out a loan aimed at guaranteeing the return on resources adjusted for inflation (subject to the credit risk of the borrower of the resources), it contributes to generating a positive social or environmental impact. For the entrepreneur, in addition to having access to capital in better conditions than those in the financial market, there will be access to a whole network of mentors from both Yunus and executives from AISCE member companies - ISA CTEEP, Ecopetrol, Gebras and Grupo Sura.
'We were delighted to see AISCE's interest in joining Yunus' efforts to promote social business. Brazil and Colombia, as well as other Latin American countries, have common social and environmental problems, and supporting business that fight these problems will certainly strengthen the bonds of friendship and understanding between peoples. We hope that this is just the pilot and that, next time, we will support a Colombian business that has international expansion plans. The fact that Yunus is also present in Colombia will certainly help with that,' says Luciano Gurgel, Investment Officer at Yunus Negócios Sociais.
'We understand that social business entrepreneurship is one of the tools to strengthen ties between Brazil and Colombia. Getting to know Yunus and identifying the synergies between the institutions and the many possibilities to leverage the results brought even more meaning to our partnership, which we want to see reflected both here in Brazil and in Colombia. This is just the first step', says Fernando Rojas, AISCE´s President.
The Selection
A public call will be opened for the submission of social businesses, those that aim to combat social or environmental problems with financial sustainability and that have internationalization plans for Latin America. The deadline for submission of proposals is September 8 and can be done through the link https://bit.ly/2VZDTro.
The selection criteria will be: (i) solidity of the business model, (ii) relevance of the social and/or environmental problem addressed, (iii) economic and financial feasibility of the proposed solution, (iv) competence and commitment of the team involved in the company management and (v) replicability and scalability of the solution proposed by the business.
About Yunus Social Business
Yunus Social Business believes in the power of business to address and solve the most complex problems of our society and our planet. Through the Social Business mindset - a model initiated by co-founder and Nobel Peace Prize, Prof Muhammad Yunus - it works with innovative business models in different geographies of the world. Through the Investments area, it offers capital via debt and non-financial support for social businesses, those that intend to solve a social or environmental problem. Through the Corporate Innovation unit, it supports large companies to create social innovation strategies connected to their core business, helping to materialize their vision of the future and their purpose through social impact. Yunus Negócios Sociais is part of the Yunus Social Business Global Initiatives network, headquartered in Berlin and present, in addition to Brazil, India, Uganda, Kenya and Colombia. It was founded in 2011. https://www.yunusnegociossociais.com/
About AISCE
Founded in 2017, its mission is to be the largest bilateral relationship platform between Brazil and Colombia, fostering entrepreneurship to generate sustainable social impact, based on exchanges between these two countries. It currently has four associate companies: ISA CTEEP, Ecopetrol, Gebras and Grupo Sura.
Press Information:
Máindi
Yunus Investimentos
Gefferson Eusébio - gefferson.eusebio@maindi.com.br - (11) 99134-2598
Website: http://www.maindi.com.br/
LinkedIn: https://www.linkedin.com/company/maindi/
Facebook: https://www.facebook.com/AgenciaMaindi/
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CTEEP - Companhia de Transmissão de Energia Elétrica Paulista published this content on 17 August 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 27 August 2021 19:01:03 UTC.
