Many people who hear about Upaya try to compare our work to that of microfinance. And while the idea for Upaya’s model took shape while I was working in a microfinance institution, our model and our target demographic are quite different.
Upaya is proud to announce that it has accepted membership to the Aspen Institute's prestigious Aspen Network of Development Entrepreneurs (ANDE), a global network of organizations that propel entrepreneurship in emerging markets. Upaya was selected for membership based on its strong focus on job creation through small and growing businesses (SGBs).
The network’s members provide critical financing and business support services to SGBs that create significant economic, environmental, and social impacts in developing countries.
"We are very excited to join ANDE," said Sachi Shenoy, Upaya's Executive Director. "The network has attracted a number of prominent organizations who all believe very strongly in unleashing the potential of small and growing businesses ("SGB's") in developing countries. We look forward to contributing to this important dialogue and partnering with others to make our shared vision a reality.
Members of ANDE include both for and nonprofit investment funds, capacity development providers, research and academic institutions, development finance institutions and corporations from around the world. ANDE currently comprises over 200 members who collectively operate in more than 150 countries.