On March 9th we held an event at the Grand Connaught Rooms in London about how social entrepreneurship could work as a tool to bring prosperity to the bottom of the pyramid: the economic disadvantaged. The speaker was Stephen Keppel, an American writer, economist, and social entrepreneur. He works on the Latin American desk for the Economist Intelligence Unit (EIU) in London, and is co-founder of Economic Growth Initiative for Haiti (EGI), established in 2005 at Port-au-Prince.
The event was sponsored by Hult International Business School, and brought together a wide range of people, from undergraduate and graduate students of Hult, LSE, Birbeck, Cass, and UCL universities to former Universidad de Los Andes students, business professionals, and representatives from the Colombian Embassy in London.
Stephen introduced the topic in a very authentic way: telling his life story and the situations that drove him to become a social entrepreneur and start EGI in Haiti. His speech was truly inspiring, to the point that it made me realize how sometimes not having a life plan is the best plan you can possibly have. He was telling how personal experiences can act as an opener for social consciousness, such as his time in Haiti when he was a sports and English teacher. During this period Stephen met some Haitians that had amazing intellectual capabilities and ideas but lacked the tools and structure to make their projects come to reality.
Poverty is a chronic condition that deprives hundreds of millions of human beings all over the globe from their basic freedoms, among which stand the lack of possibilities and instruments to set up simple projects that could pull many out of the trap they find themselves in. Stephen realized how this disconnection could be solved in Haiti, putting in good use the skills and tools he had acquired at his bachelor program in Notre Dame's Mendoza College of Business. Along with Patrick Moynihan - EGI's other co-founder -, Stephen put together an outline for a model of economic growth that would consist of providing training, mentoring, and financing to young Haitians with the appropriate aptitude and skills. The underlying tool on which EGI bases its functioning can be narrowed to one word: Empowerment.
Empowerment, as Stephen mentioned, is a real catalyst for social change. The combination of knowledge, basic freedoms and capabilities, and determination to overcome the unfair struggles of poverty sets the ground for empowerment strategies to be deployed. EGI seeks to take advantage of this combination by bringing together good ideas, mentoring, and financing to make things happen for Haitians. It is simply remarkable to see that the operation of EGI has managed to survive natural disasters (among which stand the devastating 2010 earthquake), political turmoils, and several other inconveniences that present on a daily basis in Haiti.
As a non-profit organization, EGI funds its structural operations by donations. However, the projects that EGI graduates create find three sources of financing for their implementation: direct investments, a small fund managed by the directives, and from a network of entrepreneurs in Haiti. There are currently a number of businesses being operated in Port-au-Prince by graduates from EGI, ranging from printing and copying businesses, through taxi companies, to small agricultural farming. For them, EGI was a turning point in their lives, and surely won't misuse the opportunity to overcome their struggles.
Social entrepreneurship and EGI may not solve all the problems in Haiti, but they do act as catalysts for social and economic change, which in turn have a direct effect on the collective psychology of the population. Small and local initiatives have the capacity to produce big changes in societies. Empowerment must not be seen as a privilege for some, but a right for everyone. Through EGI, tens of Haitians have seen and experienced the value of empowerment, and surely many others will for as long as this type of initiatives keep on being implemented in local communities as a tool for social change.
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