On Thursday, August 29, The Spindle’s Community of Practice on Innovative Finance for Development gathered to explore two innovative financing strategies: local fundraising and blended finance. Wilde Ganzen and Solidaridad presented on their recent experiences and challenges with these new strategies.
This was the 4th session on innovative ways to finance development. About twenty members of the community of practice from various NGOs in the development sector participated. The meeting was set up following the structure of two presentations, intertwined with questions & remarks from the audience.
The session started with Corine Aartman and Nienke Nuyens from Wilde Granzen presenting about their project to stimulate local fundraising. Wilde Ganzen aims for systemic change and celebrated their 60 year anniversary! Local fundraising is an important topic because it supports shifting the power from top-down policies towards independent bottom-up initiatives. This goal fits within the general goal of Wilde Ganzen to eradicate poverty in the global south. As a strategy, Wilde Ganzen stimulates the design of development by and with the target groups. They have the Community of Philanthropy which acts on two pillars: Matched funding and Change the Game Academy. These strategies seek to enlarge autonomy, engagement and accountability to create a level playing field.
As foundation we invest strategically in building local strength and knowledge to mobilise funds and support in the global South. We see this as the ultimate responsible step to make ourselves redundant.
Interesting in knowing more about local fundraising? Check out Wilde Ganzen’s presentation.
Tim Diphoorn works for Solidaridad which is an organisation existing already 50 years, that addresses bottlenecks in global production chains. The first project in which the concept of blended finance will be put to the test is Dairy 2025. This project aims to introduce climate-smart dairy farming in Tanzania. Many stakeholders are involved in the long-term projects which have multiple objectives and reasons to participate. The initial duration of the project is three years, but because of the large scale of the project prolongment must be possible. The project is based on the assumption that the Tanzanian dairy market has a large potential to grow. This does not only count for the economic elements of farming but possibly also improves the living standards of involved farmers. Except enlarging markets, also potential is found in the emergence of smart technology such as solar panels, electricity grids and circular cooling systems to make the project climate neutral.
View the presentation of Solidarid to find out more about blended finance.
For those who weren’t there, secure your spot during the next Community of Practice on Innovative Finance! Or read the whole report of CoP #4.