Bina Swadaya Teaches Members to Invest Using Self-Help Groups
Elise Ying-Hei Ho — March 9, 2013 — Social Good
References: binaswadaya.org
Bina Swadaya is an ongoing social enterprise that encourages the underprivileged living in Indonesia to become self-reliant through self-help groups and micro financing.
In order to become self-reliant, Bina Swadaya teaches its members to invest money they earn through the social enterprise’s printing services and other tourism and community developmental areas into a pool. By making small but gradual monthly contributions, the pool eventually becomes large enough to invest in a local project whereby additional funds or profits can be returned to the members, or investors, or invested into subsequent projects. This method allows the members of Bina Swadaya to collaborate and join efforts but also employs a more immediate method of micro financing by using locals to fund these projects rather than strangers worldwide.
Contact Information
Bina Swadaya website http://www.binaswadaya.org/index.php?lang=en
Bina Swadaya Facebook
Bina Swadaya Twitter
Bina Swadaya LinkedIn
In order to become self-reliant, Bina Swadaya teaches its members to invest money they earn through the social enterprise’s printing services and other tourism and community developmental areas into a pool. By making small but gradual monthly contributions, the pool eventually becomes large enough to invest in a local project whereby additional funds or profits can be returned to the members, or investors, or invested into subsequent projects. This method allows the members of Bina Swadaya to collaborate and join efforts but also employs a more immediate method of micro financing by using locals to fund these projects rather than strangers worldwide.
Contact Information
Bina Swadaya website http://www.binaswadaya.org/index.php?lang=en
Bina Swadaya Facebook
Bina Swadaya Twitter
Bina Swadaya LinkedIn
Trend Themes
1. Self-reliant Investing - The trend of encouraging individuals to become self-reliant through investing in self-help groups and micro financing opportunities.
2. Collaborative Micro Financing - The trend of pooling small contributions from members to fund local projects and generate profits.
3. Local Community Investments - The trend of using local funds to finance projects and provide immediate benefits to the community.
Industry Implications
1. Social Enterprise - The industry that focuses on utilizing business strategies to generate positive social and environmental impacts.
2. Micro Financing - The industry that offers small-scale financial services, such as loans and credit, to individuals and small businesses.
3. Community Development - The industry that aims to improve the economic, social, and environmental conditions within a specific community or region.
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