This chapter emphasizes the importance of involving funders in co-creation processes for system change initiatives in social entrepreneurship. It discusses the significance of setting aside personal ambition and ego to focus on collective goals and the need for donors to adapt their impact criteria. The chapter also highlights the success of projects like promoting social and financial education globally and the importance of knowing when to shut down organizations after achieving their mission.
Jeroo Billimoria is the founder of many successful social ventures, including Childline India, a network of over 1000 organizations that provide support to millions of children each year, especially in crisis situations, as well as Aflatoun, an network of 275 partners that offers social and financial education to millions of children and young people worldwide. In this episode, we mostly talk about Child & Youth Finance International (CYFI), a network that promoted systemic changes in the education and banking systems in dozens of countries to improve children's financial education. "Promoted", because CYFI announced that it had achieved its mission and shut down on 31 December 2019. An almost unheard-of accomplishment. In the interview, Jeroo walks us through five tactics and five leadership principles that she used to build the network that was ultimately so successful on a systems level. Key questions that we address include: How do you create coalitions for systems change? What leadership principles should we adopt -- and which ones do we have to unlearn?