Village Inc. Africa
Empowering Sub-Saharan communities to determine their economic and social prosperity
Villages incorporate their own Village Company, a for-profit enterprise which is self-managed, scalable and self-fundable. It has three purposes: 1) Create and run for-profit businesses in their village, thus stimulating and developing a local economy. 2) Finance community-chosen social needs. 3) Repay the “macrocredit” used as working capital for the VC.
VCs are registered LLCs, with shares gradually transferred to the villagers. VCs are trained in governance and management under the key principles of business excellence, transparency and accountability.
Village Inc. Africa continuously improves the concept and its implementation by sharing expertise and investing in the VCs and the VCIs.
VCI-Babati is the Village Company Incubator in the Babati region. It provides support, including “macrocredits”, expertise and training, to Village Companies in their area.
Seloto Village Company is one of the operating VCs and a key partner as it implements and contributes to the development of the model.
The 2014 SEED Awards in Ethiopia, Morocco, Mozambique, Namibia, Tanzania and Uganda are largely supported by the European Union, which is made up of 28 Member States who have decided to gradually link together their know-how, resources and destinies.