Village Enterprise Fund partners with Exquisite Safaris: MicroEnterprise & Responsible Travel
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Village Enterprise Fund partners with Exquisite Safaris: MicroEnterprise & Responsible Travel
Thursday, November 08, 2007
Village Enterprise Fund: Philanthropic Travellers creating sustainable entrepreneurship in Tanzania, Kenya and Uganda. Photo by Lisa Giarretto in Dodoma, Tanzania
Village Enterprise Fund (VEF) partners with Exquisite Safaris Philanthropic Travel. "We are very proud to have partnered with Exquisite Safaris, a pioneer in private, luxury, philanthropic travel. Through our partnership with Exquisite Safaris, philanthropic travellers to Africa will be introduced to VEF's work in Tanzania, Kenya and Uganda, and support VEF's efforts there." -Lisa Giarretto, Managing Director, VEF
MISSION: Village Enterprise Fund breaks the cycle of poverty in rural East Africa by providing entrepreneurship training, seed capital grants and ongoing mentoring to create income-generating businesses.
ROLE IN MICROFINANCE INDUSTRY: VEF finances rural start-up businesses and agricultural ventures not currently served by microcredit programs.
TARGET: 100% of VEF's group is below the poverty line, 2/3 of Village Enterprise Fund's businesses are owned by women, over 95% operate their businesses in rural areas.
DELIVERY: Training, mentoring, and seed capital are provided by a network of local, African volunteer business mentors who live and work in the communities VEF serves. This allows VEF to leverage local knowledge and deliver rural services cost-effectively. Since 1987, VEF has launched more than 14,000 businesses, increasing the standard of living of more than 350,000 people.
RESULTS: 88% of VEF businesses thrive beyond one year, 75% are still operating after 4 years, and 33% launch a second business. Impact Evaluations show that VEF's programs significantly improve the number and quality of meals, access to education, and housing of business owners.
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by: David, Exquisite Safaris
Philanthropic Travel is the Ultimate Luxury
The Exquisite Safaris philanthropic travel experience integrates indigenous local culture into every personalized luxury trip we recommend. These personal introductions create authentic cross cultural friendships that generate trust, respect, and generous donations funding philanthropic travel projects worldwide.
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