WHO WE ARE
ENTERPRISE PARTNERS (EP) is a social enterprise established in March 2013 to facilitate markets’ development in order to create jobs and raise incomes of Ethiopians living with poverty, particularly women.
EP works critically towards a women-/ and environment-inclusive growth, by promoting investments focused in four sectors – Cotton-Textile-Apparel (CTA), Fruits & Vegetables (FAV), Finance (FIN), and Livestock & Leather (LAL) – which are also aligned with Government of Ethiopia (GoE)’s priority sectors, particularly GoE’s Second Five-Years (2015-2020) Growth & Transformation Plan (GTP II).
Running until 2020, EP works with pertinent market actors, including the private sector, to resolve identified market constraints in the stated sectors that will have a commercially viable and environmentally sustainable effect.
Throughout our activities, we focus on making our interventions be able to create opportunities for a sustainable, environment friendly, and Green Growth (GG) as well as Women’s Economic Empowerment (WEE).
By 2020, to see a private sector that grows sustainably and creates value by transacting with poor women
Develop sustainable opportunities that are mutually beneficial to businesses and poor women by reducing initial risks and stimulating broader replication to achieve impact at scale
WHAT WE AIM TO ACHIEVE
Our objectives are to spur innovations, then numerous investments (at least 20% of which are green) by firms that create jobs (at least 75% of which are for women), thereby increase incomes of poor people.
HOW WE WORK
EP’s interventions are guided by a unique philosophy, namely Making Markets Work for the Poor (M4P), also streamlining objectives of interventions to two Thematic Focuses – Women’s Economic Empowerment (WEE) and Green Growth.
1. Overview: Making Markets Work for the Poor (M4P)
Poverty reduction is mainly dependent on two major pillars – expanded access to basic services and economic growth – where economic growth in particular integrates Market Systems for the exchange of goods, services, and commodities in which everyone including the poor participate as consumers, producers, and/or employees.
In both pillars, appropriate incentives and capacities are central to effective and more inclusive systems.
Improving the lives of the poor – stimulating growth and expanding access – requires transforming the systems around them, thus a need arises to undertake Market Systems Development, which requires a coherent and rigorous approach to understand about, analyse, and intervene in market systems with the aim of making markets function more beneficially and sustainably for the poor, especially women.
M4P approach involves two basic steps:
- Diagnosing Market Failures – Refers to diagnosing and analysing markets (goods, services, and labour) to identify the underlying causes (rather than symptoms) of weak performances of market systems that are not working for the poor and the particular places where the poor are either sellers, buyers, or employees along the transaction chain;
- Interventions – Refers to programmes and integrated actions by markets’ developers such as EP to influence markets positively, which includes providing innovative solutions and grants to market actors to de-risk innovation/change with the aim of catalysing further investments in proven and bankable enterprises (partners). Interventions focus on continually striving to leverage the actions of key market players to bring about extensive and deep-seated system change.
Sustainability of interventions is a prime concern of Market Systems Development, i.e., considering not just the existing alignment of key market functions and players but how they can work more effectively and inclusively in the future, based on the incentives and capacities of market players.
Accordingly, the M4P Approach focuses on stimulating a change in behaviour of market players – public and private, formal and informal – so that they are better able and motivated to perform important market functions effectively.
2. Thematic Focuses
Throughout its interventions, EP focuses on ensuring the potentials of interventions to enable Women’s Economic Empowerment (WEE) and Green Growth.
WEE – EP considers WEE both a process and an outcome in its market development by recognising the enhancing effect of WEE on poverty alleviation. EP’s WEE strategic objective is to avail increased economic assets and support services for women in the mainstream market systems, resulting in greater economic opportunities for women – better income, more jobs, higher savings, and investments.
Accordingly, at least 75% of beneficiaries by EP’s interventions are anticipated to be women – in interventions under the Finance Sector (increase number of micro-savers through providing supports to access financial services) and the Agro-Industrial Sector (number of jobs created and peoples’ income increased by at least 20%).
Green Growth – EP mainstreams its interventions to essentials of Sustainability (Green) Driven Growth – low carbon, climate resilience, and resource efficiency – thus minimise potentially negative environment impacts (CO2 emissions, pollution, resource inefficiencies) caused by markets’ development. Accordingly, EP anticipates at least 20% of investments it catalyses in the Pillar Sectors to be mainstreamed to Green Growth, £50 million of £250 million worth investments.