SITAWI Finance for Good

Develop and Flourish

General

Logo
Organization Name
SITAWI Finance for Good
Tagline
Develop and Flourish
English-Language Website URL
Type of organization
nonprofit,
Year Founded
2008
Lead Photo For Profile
HQ Location: City, Country
Rio de Janeiro, Rio de Janeiro, Brazil
HQ Mailing Address
301/301, Voluntários da Pátria, 22270-003, Rio de Janeiro, Rio de Janeiro, Brazil.
Primary Contact and General Inquiries
contact@sitawi.net | +552122471136
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 &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 Green Bonds and 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 – Through its Sustainable Finance Program, SITAWI has been awarded the B Corp Certification and has joined the group of “good companies for the world”. And, for the second consecutive year, SITAWI was placed as one of the 100 best NGOs in Brazil.

Activity

Mission

Mobilize capital for positive social and environmental impact.

Country (or countries) where active
Brazil