SNV's innovative Local Capacity Development Facility (LCDF) initiative was featured at the Clinton Global Initiative (CGI) annual meeting in New York on September 26.
Titled "Designing for Impact", this year's CGI meeting focused on how both private and public sector actors can design their actions to maximise their chances of success – taking a smart approach to overcoming global social and development challenges.
SNV's five-year, "Scaling Up Local Capacity Development Facilities" Commitment was identified by the CGI as exemplifying this approach and selected as one of six initiatives to be presented at this year's meeting. A video on the LCDF concept was presented to an audience of over 800 world leaders, international policymakers, development leaders and corporate CEOS at the meeting, highlighting SNV's LCDF pilot in Vietnam and the plans for replicating this successful model in other SNV countries.
LCDFs are local organisations that support entrepreneurs in developing countries to gain access to the advice, knowledge and services they need to build their businesses, increase their incomes and build a lasting road out of poverty for their families and communities.
SNV has so far supported the development of successful LCDFs in Vietnam, Kenya and Albania, with additional initiatives under development in Ethiopia, Benin, DR Congo, and Nepal.
Scaling up the LCDF concept worldwide was a five-year CGI Commitment to Action made by SNV in 2010. Since the CGI was founded in 2005, members have made more than 2,100 commitments, which have already improved the lives of nearly 400 million people in more than 180 countries.
The CGI meeting also saw SNV’s impact investing work with SMEs featured as a successful development approach at a Commitment Workshop on “Financing for Impact and Scale”, with SNV invited to give brief remarks on its work in this area.
The Clinton Global Initiative annual meeting is an opportunity for CGI partners – from the private sector, public sector, and civil society – to showcase their work, provide insight on lessons learned, as well as form new cross-sector partnerships. SNV is an active CGI partner, with three Commitments to date:
Watch the video presentation on the LCDF initiative on YouTube here.
To learn more about CGI commitments, click here.
Read more about SNV’s work with LCDFs here.