1. Introduction
to Social
Enterprise Finance
17th February 2011
HUB Praha
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2. Introduction to Social Finance
Following a series of meetings dedicated to social business / enterprise,
together with Ashoka, ERSTE Foundation and eská Spoitelna, we
would like to further explore social-business development and its impact
on introducing social change. In this context, we will launch the
discussion around the application of financial instruments, commonly
used in the business sector, in the field of citizen and social
organizations. This practice emerging in CEE is called Social Financing.
At the core social finance is about using forms of lending that is
traditionally used in the for-profit sector, to apply it in the non-profit
sector. Emerging social enterprises and organizations with for-profit
operations, are looking to lenders to help them pay for activities that
advance their mission, their operations or their growth. Current
momentum in the field of social finance is looking to mainstream financial
institutions and the development of social enterprises to provide
financing options that fit the needs, realities and structures of the non-
profit sector.
During this first workshop dedicated to social finance we will only touch
upon briefly on this new field. Profiting from practical experience and
knowledge of the Erste Group and eská Spoitelna we will cover the
following topics:
• Definition of Social Finance
• Examples of How Social Finance Can Support Organizations
• The State of Social Finance in CEE / EUROPE (overview)
• The State of Social Finance in Czech Republic
• Why Social Finance is Important to the citizen sector
• Important terms in social financing
We will share case studies from Czech citizen organizations and discuss
them in the light of financial planning.
Welcome to Ashoka Fellows 2010 !
After the workshop we invite all workshop participants, Ashoka and Erste
Friends to welcome new Ashoka Fellows from Czech Republic and
Hungary elected in 2010.
Please, join us in celebrating this wonderful moment!
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3. Program overview*
Ashoka internal program
(by invitation only)
11.00 – 13.00 Czech Ashoka Fellows Meeting
13.00 – 14.30 Lunch
Workshop on Social Finance*
14.00 – 14.30 Registration & Coffee
14.30 – 15.30 Introduction to social financing
by Andrea Pscheid (good.bee)
15.30 – 16.00 Case studies by Ashoka Fellows
 Dája Kabátová, Letohrádek Vendula
 Pavel inera, Ekolist.cz
16.00 – 18.00 Financial Planning
Including prerequisites for appropriate planning
by Karel Dlouhy (eská Spoitelna) and
Karl-Heinz Fellinger (good.bee)
19.00 Welcoming Ashoka Fellows 2010
Jeremy Druker, Transitions Online
Michal Šourek, ENVI A. o.p.s.
László Jakubinyi, Szimbiózis Foundation, Hungary
RSVP: info_pl@ashoka.org by February 10th, 2011.
Location: The workshop on social finance and the Welcoming of
new Ashoka Fellows will take place at:
Hub Prague
Drtinova 10
150 00 Praha 5
Czech Republic
*simultaneous translation will be provided – Czech/English
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4. ERSTE Foundation
In 2003, ERSTE Foundation evolved out of the Erste Oesterreichische
Spar-Casse, the first Austrian savings bank. Currently, ERSTE
Foundation holds 25.3% of the capital shares of Erste Group. The
foundation invests part of its dividends in the development of societies in
Austria and Central and South Eastern Europe. It supports social
participation and civil-society engagement; it aims to bring people
together and disseminate knowledge of the recent history of a region that
has been undergoing dramatic changes since 1989. As an active
foundation, it develops its own projects within the framework of three
programmes: Social Development, Culture and Europe.
good.bee
good.bee was launched by ERSTE Foundation and Erste Group Bank
AG with the aim to bank people who are socially and financially
excluded. Its two areas of business are micro-banking and social
enterprise finance.
While there are a number of financing options and instruments for
commercial companies, the social sector is largely "underbanked". With
good.bee the Erste Group offers financial solutions tailored to suit the
needs of the social sector.
Ashoka Innowators for the Public
Ashoka is the world's first and leading association of social
entrepreneurs. Ashoka works for a world that responds quickly and
effectively to social challenges. Ashoka works on three levels: First, we
identify, elect and support leading social entrepreneurs financially and
professionally. Second, we bring communities of entrepreneurs together
to help leverage their impact, scale their ideas, and disseminate their
practices. Finally, we help build the infrastructure and financial systems
needed to facilitate the growth of social innovation globally. To achieve
this, Ashoka builds partnerships and bridges to the business and
academic sectors. Today, Ashoka operates in 70 countries and supports
2,500 leading social entrepreneurs. Ashoka has supported 24 Ashoka
Fellows in Czech Republic.
Ashoka has a long track record of working with global market leaders to
drive social change and to develop their workforces to be entrepreneurs
and changemakers, ultimately increasing their ability to anticipate
marketplace shifts, retaining top talent, and improve competitiveness by
helping solve some of the world's most urgent social problems.
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