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Sitawi Finance for Good

Develop and Flourish

SITAWI Finance for Good is world ranked on thedotgood.
SITAWI Finance for Good is brazil ranked on thedotgood.
SITAWI Finance for Good is an official contender on thedotgood
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Likes
1
Followers
Number of employeeS

89

Year of Registration

2008

Number of Followers

1

Annual income

US$ 2.42 million

Category of SGO

Hybrid

Country

Brazil

Founder and CEO

SITAWI’s CEO, Leonardo Letelier, a Brilliant Mind of the Brazilian Social Good Sphere With a Triple Bottom Line.

"We Witness Opportunity for Growth if We Look at the Nonprofit Sector as an Economic Sector"

By The [.] Newsroom From thedotgood's Editorial Desk
November 14, 2018
thedotgood's take
What's so special with that SGO.
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thedotgood is currently reviewing this SGO. Check again in a few days to read thedotgood’s Take about SITAWI.

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thedotgood is currently reviewing this SGO. Check again in a few days to read thedotgood’s Take about SITAWI.

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Mission statement
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We mobilize and manage resources for those who want to build a better future, reframing the role of capital through positive social and environmental impact.

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We mobilize and manage resources for those who want to build a better future, reframing the role of capital through positive social and environmental impact.

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Impact

LATEST ANNUAL INCOME
US$ 2.42 million
Previous Annual Income
US$ 2.48 million
Latest Surplus/Deficit
US$ 920,109
Latest Net Assets
US$ 1.24 million
Name of Auditing Firm

PWC
Brazil

LATEST FINANCIAL STATEMENTS
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COUNTRY (OR COUNTRIES) WHERE ACTIVE
Brazil
Latest ANNUAL REPORT

View report

TAX YEAR END
Unknown

Governance

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Founder and CEO
Leonardo Letelier
SHORT BIOGRAPHY
Leonardo Letelier is CEO and founder of Sitawi finance for good, and co-founder and managing director of Endowments do Brasil. He has 20+ years of experience in business, finance, and social impact. Leonardo earned an MBA from Harvard Business School and an Industrial Engineering degree from University of São Paulo. Prior to thar, he worked at McKinsey for 8 years. Letelier was elected Senior Fellow at Synergos, Responsible Leader by BMW Foundation and Social Entrepreneur of 2021 in Brazil by Schwab Foundation. He is married to Lucimara and father to Clara.
Has Held position since
2008
Board Gender balance
4 M | 4 F
Number of Employees
89
Number of Volunteers
1

History

SITAWI means “to develop and flourish” in Swahili.

2005 - Leonardo Letelier, Harvard MBA and consultant at McKinsey for 10 years in different countries, realized he should use his business and finance expertise to help to change social realities in Brazil.

2007 - After two years of preparation and research, Leonardo reimagined Finance as a force for good and started operations for what would become SITAWI, which would be founded the following year.

2008 – Foundation of SITAWI and structuring of the Social & Environmental Loan.

2009 - First Social & amp; Environmental Loans for Solidarium, Caspiedade and Davida.

2010 - Invitation to take part in the Clinton Global Initiative (CGI) and certification as OSCIP.

2011 – Awarding of the beyondBanking prize from the Inter-American Development Bank.

2012 - Article published in Stanford Social Innovation Review and creation of...

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SITAWI means “to develop and flourish” in Swahili.

2005 - Leonardo Letelier, Harvard MBA and consultant at McKinsey for 10 years in different countries, realized he should use his business and finance expertise to help to change social realities in Brazil.

2007 - After two years of preparation and research, Leonardo reimagined Finance as a force for good and started operations for what would become SITAWI, which would be founded the following year.

2008 – Foundation of SITAWI and structuring of the Social & Environmental Loan.

2009 - First Social & amp; Environmental Loans for Solidarium, Caspiedade and Davida.

2010 - Invitation to take part in the Clinton Global Initiative (CGI) and certification as OSCIP.

2011 – Awarding of the beyondBanking prize from the Inter-American Development Bank.

2012 - Article published in Stanford Social Innovation Review and creation of a new product: Filantrophic Funds Management for Families and Companies: first client USAID +Unidos.

2013 – Expansion of focus to the Finance for Good, including a Sustainable Finance program. Resumption of Business & Impact activities.

2014 - Nomination of the joint Executive Directorship for the Social Finance Taskforce. Ecomudanca/Itaú Fund follows SITAWI’s lead by incorporating loans in its social investment strategy.

2015 - Leadership on Social Impact Bonds in Brazil.

2016 - ABCR Award for Most Transparent Organization and A+ Seal in Transparency and Management from Instituto Doar.

2017 - Leading position on Independent Research in Responsible Investment (IRRI) global ranking and recognition as one of the best social organizations in Brazil (Best NGOs award) in terms of transparency, efficiency, quality of management and good governance practices in their areas of activity.

2018 - For the second consecutive year, SITAWI was placed as one of the 100 best NGOs in Brazil.

2019- We launched a Crowdlending Platform to connect investors to social entrepreneurs.

2020 - We mobilized BRL 100 million for positive social and environmental impact.

2021: We mobilized more than BRL 300 million for a positive socio-environmental impact in Brazil, got certified as a Great Place to Work (GPTW) and won the Social Entrepreneur Award of the Year by Schwab Foundation.

2022 - We start a partnership with Endowments do Brasil to create multi-cause Endowments and the Sustainable Finance consulting practice ceases to operate under our brand and starts to operate under the NINT brand.

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Legal Status
Association certified as Civil Society Organization in the Public Interest (OSCIP)
Year of registration
2008
BYLAWS PUBLICLY AVAILABLE
Yes
BYLAWS PROVIDED ON REQUEST
Yes

Contact

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HQ LOCATION ADDRESS
São Paulo, São Paulo, Brazil
SOCIAL NETWORKS
WEBSITE
MAIN CONTACT EMAIL
contact@sitawi.net
+ 55 (21) 2247-1136