CASPIEDADE

The organization - Caspiedade
Founded in 1998, the Caspiedade - Centro de Assistência Social Nossa Senhora da Piedade - works in the development in socially vulnerable communities in Sao Paulo. In order to strengthen individual potential and contribute to the formation of individuals and to sustainable development, the organization serves 1,500 families in various socio-educational and vocational activities as well as provides food aid, assistance and social inclusion.

Social Businesses
Caspiedade operates two subsidized restaurants for the state of São Paulo. 

Gerartis encompasses teaching, production and sale of crafts made of eggshells. Through this project, Caspiedade encourages entrepreneurship in the community and generates additional income for the institution.
 
Caspiedade is also developing a new sewing social business. It is planned to start in 2010 and create ~10 new direct jobs in the community.

Challenges 

  • Revenues related primarily government contracts, whose dynamics requires anticipation of cash flow
  • Lack of resources for expansion and improvement projects for income generation

 Social Loan 

  • Reduce high interest paid by Caspiedade on traditional loans (needed to stabilize the cash flow)
  • Ensuring continued service to more than 1,500 people in face of government payment delay
  • Support in managing cash flow and structuring of new social enterprises, contributing to sustainability of the organization and expansion of its social impact

Purpose of the Social Loan

  • Reduce high interest paid by Caspiedade on traditional loans (needed to stabilize the cash flow)
  • Ensuring continued service to more than 1,500 people in face of government payment delay
  • Support in managing cash flow and structuring of new social enterprises, contributing to sustainability of the organization and expansion of its social impact

Result

  • Though still in its early use, the loan of sitawi has allowed Caspiedade to maintain the operation of its 12 service centers, successfully facing the delay in government payments.


 

 
 

After the repayment of Social Loans already granted, other organizations currently under consideration will have the opportunity to increase their social impact with the support of sitawi. You can reduce the waiting time by making a donation now. Multiply your social impact! Click  here