TechnoServe Report: $485 Million in Financial Benefits for People and Enterprises across Latin America, Africa, and Asia
The nonprofit also reported that its programs improved the lives of 3.4 million people in 2023
Arlington, VA (April 25, 2024) – Today, international nonprofit TechnoServe released its 2023 annual report, A Different Way to Make a Difference. The report features data and stories that explore TechnoServe’s impact across about 35 countries in Latin America, Africa, and South Asia and details the organization’s new initiative to quantify the environmental benefits of its programs.
“Our impact in 2023 is a testament to our staff, to the partners we work with, to the donors who help fund our work, and–most of all–to the hardworking men and women that we support everyday,” said president and CEO William Warshauer.
In 2023, TechnoServe’s work to deliver business solutions to poverty:
- Helped 1.2 million people and enterprises earn an additional $485 million of revenue;
- Ensured 42% of those with improved revenues were women or women-owned businesses;
- Improved the lives of 3.4 million people around the world.
The report also showed that each dollar invested in TechnoServe’s programs yielded $5.60 of financial benefits for the participants.
In the face of an employment crisis in many countries, TechnoServe’s programs helped enterprises provide more than 48,000 new and better jobs. This was often accomplished by strengthening the business and employment environment.
A Different Way to Make a Difference also introduces two new impact indicators: carbon emissions reduced and land under regenerative management, which the organization is tracking as part of its Regenerate 30 commitment. The measures help to highlight the critical role that smallholder farmers and small-scale entrepreneurs play in combating climate change and the loss of nature.
“Maintaining [the] forest is important for the climate—for the oxygen it provides and the carbon it captures,” coffee farmer Benjamín Alas Ordoñez says in the report. “There’s another added value to this work that goes not only to the people of El Salvador but to the whole world. These are small contributions, but little by little, a lot is done.”
The full report can be found at: https://tsrv.link/AnnualReport
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About TechnoServe
Founded in 1968, TechnoServe is a leader in harnessing the power of the private sector to help people lift themselves out of poverty for good. A non-profit organization working in about 35 countries, we work with people to build a better future through regenerative farms, businesses, and markets that increase incomes. Our vision is a sustainable world where all people in low-income communities have the opportunity to prosper.
More information at: Twitter @TechnoServe | Facebook @TechnoServe | LinkedIn @TechnoServe
