SKI Charities

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A Conversation with Shyam: How we Maximize our Impact

An SKIC sticker makes its way to San Francisco, CA

In our latest “Conversation with Shyam,” the charity’s founder speaks about how we are able to maximize our impact as an organization.

Despite being a small, privately-funded organization, SKIC operates in places where the demand for micro-finance loans are high, but the supply is not there. In both Zimbabwe and Lebu, the interest-level in participating in SKImfi and SKIpgo is abundant – our projects managers must carefully select those beneficiaries who they anticipate our programs having the greatest impact on.

Listen in to find out how targeting specific groups of people for SKImfi and SKIpgo has enabled SKIC to effect not just its beneficiaries, but the greater community at large.

Faces of SKImfi: Prudence K.

When Prudence and her SKImfi group members gather for business meetings, they begin each session with a chant: “High high, it lifts you high. SKImfi lifts you UP!” Prudence K., a 30-year-old mother of three, launched an electrical supplies business after attending a Selection, Planning and Management workshop with SKImfi Zimbabwe.

She accessed a $100 microloan through SKImfi to open the doors. She sells radios, television sets, cell phones, and has recently begun importing solar panels and batteries from South Africa. Through profits from the business, Prudence buys better food, clothing, toys, and medication for her family.

Prudence K., in her electronic supplies store.

Prudence K., in her electronic supplies store.

“I am now proud to associate with other people in the community, as I look very presentable and I am confident in whatever I do,” she says.

Now, Prudence decides how to spend money without her husband’s permission, and she feels that he respects her more because of her independence. Not only does she provide for her family, but she also supports philanthropy in her community. In April, she donated five 12-foot asbestos roofing sheets to her church. Her charity also extends to a widow living at the church, whose welfare Prudence contributes to.

“I hope to do more as my business grows,” she says.

Prudence struggled to provide stable resources for her family before this business venture. Married at 18 years old and unable to pay college tuition fees, a job was impossible to find. Her husband left for South Africa to look for employment while Prudence was seven months pregnant with her third child, but he was unsuccessful. She says her own mother was her inspiration for starting her business.

“I thought how mother had succeeded in sending us to school through buying and selling anything that had demand,” she says. “She is my inspiration, a strong woman who always hopes for better things. She is still doing business, and now my younger sister and brother are at university. If it had been my father’s choice, we would have not gone to school, especially us girls.”

Prudence attributes her business’ success to the SKImfi team’s training sessions and to the program’s low interest rates. Before she learned of SKImfi, she was faced with exorbitant interest rates from private money lenders, and, with no collateral to guarantee repayment, she couldn’t secure a loan from local banks. Now that her business is steadily building capital, she will not need another loan until she is ready to further expand her business.

“My vision is to become a major supplier of hi-tech goods,” Prudence says. “I will work to buy a house for my family and a pick up truck for my business. I will work to thank my mother for sending me to school.”

Why Early-Stage Scholarships? (Part 2)

Early-stage scholarships offer tremendous benefits, not only for recipients, but also for their communities. In Part One of this series, we explored the direct benefits for early education scholarship recipients, including reduced criminal activity, fewer teenage pregnancies, and better employment rates. These outcomes create a more sustainable and healthy community environment. By investing in youth, SKIpgo is investing in everyone.

2013 SKIpgo scholars

2013 SKIpgo scholars

“The young ladies of SKIpgo will grow to become the leaders of their communities, to be civic-minded women, to prioritize education,” Shyam says. “Our investment in them is also an investment in the long-term future of their community.”

Aside from social improvements, investments in early-stage education produce immense fiscal returns for the community. In James J. Heckman’s seminal paper on human capital and early childhood education, he found that the cost-benefit ratio for the Perry Pre-school program was significant: through age 27 for each participant, the program returned approximately $6 for every dollar spent. When the returns are projected for the remainder of the participants’ lives, the return on each dollar increases to almost $9. Some scholars argue that this is actually a low estimate, as it only incorporates the costs saved by the government, including welfare and incarceration costs. It does not incorporate the costs saved by society or by individual families.

At SKI Charities, we believe that everyone should have a fair chance at a successful future, regardless of the a family’s economic background or status. In a recent prominent study by the National Institute of Child Health and Human Development, researchers determined that high-quality childcare diminishes the effect of income on a child’s success. High quality early childhood education, like what our SKIpgo scholars receive, can also help people overcome the immense poverty that, often, their families have endured for generations.

By investing in youth from these communities, SKIpgo is shaping tomorrow’s leaders. With a quality education, these girls will grow to promote community-mindedness and civic engagement. They will be devoted to building safe, healthy families, and to building a future for the next generation. In so doing, their personal investment in community will far exceed SKI Charities’ initial investment.

Read Part 1 and Part 3

Why Early-Stage Scholarships? (Part 1)

Shyam is often asked why SKIpgo focuses on early childhood education instead of adolescent or college education. SKIpgo focuses on making the largest impact by investing its resources in opportunities that will have the most long-term results possible. By offering early-stage scholarships for girls ages three to five years old, SKIpgo ensures that this investment is lasting and ultimately ripples through the surrounding community.

“We’ve been approached quite a number of times by community members who say, ‘I know a girl, or a young woman, who needs some money to go to school or university.’ And unfortunately we have to say ‘no,’” Shyam says. “We believe that early-stage learning is the most important because it’s where we can make a lasting impact on a girl’s life—for the rest of her life.”

SKIpgo’s belief in the power of early childhood education is backed up by extensive research, which demonstrates that investing in this educational stage is an investment in the future of not only a child, but also a community. In this first segment of “Why Early-Stage Scholarships,” we explore children’s personal benefits of education at this level.

2014 SKIpgo Scholars

2014 SKIpgo Scholars

In 1991, The Carnegie Foundation’s survey of kindergarten teachers found that 65 percent of entering students were deemed ready to learn. While this is an assessment of American students, many of the findings are especially applicable to regions where SKIpgo operates. Teachers in the survey listed the most important determinants of readiness to learn as: high levels of physical health, nourishment and rest; the ability to verbally communicate needs, wants and thoughts; curiosity for new activities; the ability to take turns; and the ability to sit still and pay attention. Early childhood education fosters these abilities and hones these skills, so students can be more effective learners when they begin primary education.

The abilities that a child sharpens when she is young will persist throughout development and contribute to advanced learning. Evidence from the Perry Preschool Program, a premiere 1988 study that explored the impact of early childhood education, showed that girls who participated in early childhood education showed greater school achievement later on. Moreover, a similar study in New Zealand in 2004 by Cathy Wylie showed that quality early education continued to positively contribute to steadily improving math and literacy abilities at 12 years of age.

Additional studies of early intervention programs have shown increases in test scores and high school graduation rates, and has reduced grade retention, among other academic benefits. However, it is generally agreed upon in the academic community that the greatest impact of early education programs lies in socialization, not in I.Q. These skills will help scholarship recipients navigate their future schooling, their first job, and beyond.

According to Lee et al in a 1990 paper about the effects of Head Start in the US, developing skills such as self-control—as manifested by some of the aforementioned determinants of readiness—may be equally as important to future success in life as other cognitive skills. In a 2006 article in Science, James J. Heckman, a leader in the field of assessing early childhood education, asserted that, while cognitive skills are important, non-cognitive skills such as social skills, motivation, and determination are equally important for future success. SKIpgo scholarship recipients get a head start on life’s ladder by fostering these skills early.

Moreover, children enrolled in early childhood education programs earn higher wages and have lower rates of deviant behavior as adults. Other studies, including those by Schweinhart, Barnes and Weikhart in 1993 and Lynch in 2005, have shown that participants in early childhood education programs have higher employment rates, less drug use, and fewer teenage pregnancies.

“The schools that our SKIpgo girls attend do not only teach them English or history or math. They learn to be strong, independent women,” Shyam says.

By investing in these girls’ lives when they are young, SKIpgo lays a strong foundation for a promising future.

Read Part 2 and Part 3

A Word with SKIC’s Founder


SKIC founder Shyam K. Iyer visiting a site in Myanmar
SKIC founder Shyam K. Iyer visiting a site in Myanmar

SKI Charities’ founder Shyam K. Iyer discusses the path that brought him to work for women’s empowerment and the impact that this work has made on him.

In your own words, what is your role in SKI Charities?

My role is to make sure we have the best people in place to run the foundation and achieve our goal to empower the economically excluded, both operationally in the near-term and strategically in the long-term. I constantly communicate with and connect our project managers on the ground, our social media experts back home, and our robust network of like-minded individuals who will go above and beyond to make sure we are on the right track.
 

How have you seen microfinance improve women’s lives?

I’ve seen microfinance have an unbelievable impact on real lives. Women who had no jobs or hope are now creating wealth through hard work for themselves and their community. People look up to them, and they have become leaders. They take better care of their health and their family’s health. They put their newfound wealth towards the education of their children– many go back to school themselves to improve their skills.
 

What path brought you to this work?

Through my career in international finance it was clear how many talented but excluded people were out there. I’ve been given every opportunity in life, but others are barely surviving each day due to no fault of their own. There are a lot of dark places in the world where good people struggle with no hope. I thought inclusive finance could be the answer to give them an opportunity to take control of their destiny.
 

What about your job inspires and motivates you?

I’m most inspired by our SKIC team. They level of skills and local knowledge necessary to keep us going is amazing. They deal with all types of people: beneficiaries, unsuccessful applicants, politicians, bankers, and anyone else who may or may not understand how we are trying to change the way people live. My job is to oversee the overall health of SKIC, but the day-to-day exercise and maintenance is where it all starts. And that is why I’m so lucky to have such a great and dedicated team. They care about SKIC and it shows.
 

Through your work with SKI Charities, is there any one story, event or person that sticks in your mind as meaningful to you?

I recently visited a SKImfi Zimbabwe beneficiary in Mutare. She had only recently joined, and when I saw her she was quite impressive. Standing tall behind her vegetable stall with a huge smile, her friends scurried around to assist her, and the locals looked at her with pure admiration. I was glad for her and assumed she had been doing good business for a while. Instead I heard that before she joined a few months prior, she had been widowed with six children and nowhere to go. She sat at home crying and lived off of handouts from neighbors. The kids had to leave school, and their futures looked bleak. Somehow our field officer heard about her through our network and the local SKImfi team decided she deserved a shot, at least for the hope she would have. The day she joined she took off like a rocket ship. This is why we do what we do.

A Conversation with Shyam: State of the Foundation

Where is SKIC? (Spot the Sticker!)
Listen in to hear where SKIC is at: what we did in 2013, and where we’re headed for 2014

2014 marks the beginning of SKI Charities’ fourth year of activity. In this podcast, the charity’s founder, Shyam K. Iyer, reflects upon the past year and articulates his goals for the coming year.

Listen in to hear our Re-Cap of 2013 and Preview of 2014!

A Conversation with Shyam: Health Issues in Chile and Zimbabwe

SKIC’s mission – to bring entrepreneurship, education, and empowerment to women in Lebu, Chile and Mutare, Zimbabwe –  is a mission that extends beyond providing loans to SKIC participants so that their businesses can begin to take shape.

Our charity also works with women to build the confidence they need to network, act upon their goals, stand up to oppressive figures in their lives, and adopt healthy lifestyles. In doing so, we are able to help combat both physical and psychological health issues that many women in Lebu and Mutare have to face. By equipping them with concrete skills and self-esteem, they are given the courage to create supportive infrastructures of their own that are independent of the political ones that oppress them. With strong support systems and positive attitudes, many of these women are able to avoid mental health issues and even to deflect physical ones.

Listen in on this podcast to hear more about the complications that many women face in Chile and Zimbabwe – and how the confidence they develop in SKIC programs can help them surpass these health-related obstacles.

A Word with our SKIpgo Zimbabwe Program Manager

Elizabeth, our program manager for SKIpgo-Zimbabwe, discusses her work with SKI Charities and her passion for child development.

In your own words, what is your role in SKI charities?

I work for the SKIpgo Zimbabwe Trust, one of the projects run by SKI charities in Mutare, Zimbabwe. I recruit candidates who are eligible for the scholarships we offer. In the process, I conduct interviews at our office for the eligible candidates. I also do home visits to really get to know our candidates, where they are coming from and how they live with their families. I monitor our recruits’ academic progress and also how well they abide by the rules of SKIpgo Zimbabwe Trust.

How have you seen microfinance improve women’s lives?

Microfinance has tremendously empowered women who were before looked down upon and were always dependent on their husbands or others. In Zimbabwe, large swaths of men are no longer able to work because most industries have shut down lots of jobs. Microfinance has enabled women to start their own businesses, to take care of their families.

What path brought you to this work?

It is so exciting that people really want to help the girl child. I was so willing to work in this project because I have seen women suffer a lot, and this charity reaches the children who are involved in that suffering. I have always had the heart and desire to help and protect women and girls because I believe that strong, educated women will make the world a better place.

What about your job inspires and motivates you?

I am inspired by so many people and things. SKI Charities’ founder Shyam is male and has a heart that bleeds to help empower women. I am touched by such events. As a woman, I feel I have an obligation to help other women accept and support each other to achieve our goals. Also, my mother has worked so hard to get where she is now. In her small nursery, she has produced doctors, nurses and teachers, which motivates me as well.

Through your work with SKI Charities, is there any one story, event or person that sticks in your mind as meaningful to you?

I have worked with so many families through SKI Charities, but one family particularly touched my heart. One of our four-year-old scholarship beneficiaries lives with her mother and grandmother in a one-room house that they divide into two rooms with a curtain. One day when I went there for a visit, the grandmother was in tears of joy and so thankful that her grandchild had improved so much academically, socially and behaviorally. SKI Charities truly gives hope to the hopeless.

A Conversation with Shyam: The Election in Chile

A run-off election this upcoming Sunday, December 15th, will determine Chile’s next president. SKI Charities founder, Shyam K. Iyer, sits down to talk with us about the political climate in Chile, and how it affects SKIC beneficiaries in Lebu.

Less is More: The Benefits of Microfinance

SKImfi recipient, Precious Saunyama

SKImfi recipient, Precious Saunyama

For SKI Charities, keeping things at a micro level is essential to the organization’s success. Charity founder, Shyam K. Iyer asserts, “When you’re doing microfinance at such a local level, it’s not just about these women creating their own wealth and creating their own businesses. What about the spillover effects?”

Shyam notes that SKImfi beneficiaries often use their profits to pay their children’s school fees. This helps to invigorate the social and educational system, and provides encouragement for schools to run better. Beneficiaries may also employ some of their friends or sisters, which further stimulates community growth and provides jobs for people beyond those who participate in SKIC. Further, beneficiaries buy from other suppliers, who, in a sense, are part of the SKIC program by association. By giving a handful of women the tools that they need to create their own businesses and succeed financially, they subsequently stimulate the whole community. The spillover effect starts out micro, but eventually has a much broader reach.

Keeping the organization specific and directed brings more attention and support to our participants.

“Our women are micro-entrepreneurs. They run small businesses, usually informal ones, so it makes much more sense for us to be consistent with their micro-activities. And broadly speaking, the idea of micro does connote community-mindedness,” Shyam says. “Nothing too unwieldy or dispersed. ‘Micro’ is focused on a particular community and economy. We are a community-minded organization, and that means focusing on these specific areas in a micro sense to build up their own ideas of community and responsibility.”

When asked if he would like for SKI Charities to be more large scale in the future, Shyam adds that he would love to grow as long as the focus on community remains. He hopes that every SKIC participant feels included and supported, and is working on maintaining their sense of responsibility and  self-respect. “I want to make sure that we never dilute our support of them. I would rather see one woman really excel than five women not reach the same level of success and self-sufficiency,” he says.

Ultimately, for SKIC it’s quality first and quantity second. For both programs, SKImfi (SKI Microfinance Institute) and SKIpgo (SKI Program for Girls’ Opportunity), Shyam emphasizes getting to know the beneficiaries and helping them reach – and exceed – their potential and goals.