International Fellowship Programme for Central and Eastern European Foundations and NGOs IFP

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International Fellowship Programme for Central
and Eastern European Foundations and NGOs (IFP)

• Fellow Eva Varga
• Economist with post-graduate degree in
  international development
• Work experience varies from marketing and
  finance through microfinance to social enterprise
  development.
• Currently Enterprise Development Director at
  NESsT (Nonprofit Enterprise and
  Self-sustainability Team)
• Character I am a doer!
• Identity Central European and Latin American
• Hobbies travel, dogs, horseback riding, cinema
  and books

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Home organisation NESsT
Focus social enterprise development -
mission-driven businesses that increase the
financial sustainability and social change impact
of civil society organizations.

• NESsT Venture Fund
• Philanthropic investment funds supporting
  social enterprise portfolios in emerging
  markets

Building on the applied work, research and share
relevant topics in the Venture Philanthropy field
to provide clarity in definitions, concepts and
strategies to a wide audience. Enables better
understanding of challenges in the field, and
promotes support among donors, practitioners, the
for-profit sector and universities.
Applied work provides technical and financial
assistance to a diverse range of CSOs in Central
Europe and Chile. Provides a methodology which
builds new capacities in the organization.
NESsT University Promoting accountability,
innovation, leadership and professionalism in
the field -
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NESsT Marketplace A global on-line
shopping directory of social enterprise
products services (www.brownpages.org)
NESsT Consulting Providing professional services
in social enterprise development
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Example of a social enterprise Open Garden
Foundation, Hungary
Mission Open Garden seeks to address
environmental, social and economic problems in a
practical, integrated way by establishing local
organic food systems.
Social Enterprise With support from NESsT, Open
Garden is expanding its Real Food Box, a home
delivery service of organic fruits and vegetables.
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Fellowship at Charity Bank, UK

• Focus of fellowship study debt financing for
  social enterprise and its applicability in CEE
• Length 4-5 weeks
• Methodology
• Detailed study of procedures, tools and lessons
  learnt at Charity Bank meetings, interviews and
  on-site observation
• Research other lending practices and experiences
  (demand and supply) in UK meetings and desk
  research
• Expected outcome published research summary with
  conclusions for CEE public and NGO sector

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Fit with NESsT organisational strategy

• NESsT vision existence of a nonprofit capital
  market offering a wide variety of financing
  instruments (grants, loans, soft loans, equity,
  etc.) for NGOs to help further their mission
  impact
• Pilot add loan component to NESsT Venture Fund
• Further steps after fellowship
• Research demand and supply in CEE
• Feasibility study for NESsT Social Enterprise
  Loan Fund (SELF)
• Personal interest application of banking,
  microfinance and SME experience in the nonprofit
  sector