O rg a n i z a t i o n
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AB OU T
YC A B FO UN DATI O N
YCAB Foundation is a non profit social foundation established
by Veronica Colondam on August 13, 1999. The single goal in
sight is to help youth to be ‘mandiri’ or self-reliant.
VISION MISSION
A th ri vi n g wo rl d Pro vi de i n te g rat e d C ha mp i on Inv e s t i n
w he re yo u th an d fi n a n c i a l i n c l u s i on e d uc a t i ona l i mp a c t f ul a nd
m oth ers are s e rvi c e s fo r u l t r a j us t i c e t hrough s c a l a b l e s oc ial
em po wered m i c ro - e n tre p re - hol i s t i c p rogr a ms e nt e r p r i s e s
throug h l o ve, n e u ri a l m o th e rs t o t o e na b l e y out h whos e wor k
hope, and i m p ro ve th e i r t o op t i mi z e t he i r s t re ngt he ns a nd
opportuni ty to b e fa m i l y's w e l fa re p ot e nt i a l a nd a l i gns wi t h
liberated fro m a n d th e i r b e c ome YCAB's vision
generati o n al c h i l d re n 's fina nc i a l l y
poverty i n e du c a ti o n i nd e p e nd e nt
sustai nabl e ways
YCAB Foundation is the founding and the flagship entity within YCAB social enterprise group.
Together with YCAB Ventures, YCAB bases its operation on a mutually reinforcing and financially
sustainable social change model. The mission is to improve welfare through education and
inclusive financing. YCAB Foundation runs the education program whereas YCAB Ventures runs
the mission-driven ultra microfinance operation targeting low income women entrepreneurs
where access to capital is conditional upon their children enrollment to school.
YCAB aims to vitalize underprivileged youths to become “mandiri” or self reliant through jobs or
entrepreneurship; bringing them from subsistence to sustainable livelihood. YCAB believes in
the power of education to improve welfare.
YCAB is now exploring ways to implement the last link in its change model, that is, to create a
sustainable system whereby students who graduate and become entrepreneurs or employed
can pay it forward. They do this by giving back or investing in a mutual fund to help grow and
scale YCAB's mission-driven microfinance so that YCAB can empower even more youths to take
control of their own destiny.
To date, YCAB has brought impact to more than 3.8 million underprivileged beneficiaries
through education and economic access including entrepreneurship, while bringing greater
financial access to more than a hundred thousand low income families. A total of IDR 1.5T have
been disbursed to fund YCAB's education and economic empowerment program.
OU R M I L ESTO N E S
Launched the Launched YADA Indonesia, Launched the second
first YCAB the first business unit YCAB program, an
program to which spurred YCAB to be education program
promote transformed into a social at Rumah Belajar
healthy lifestyle enterprise
1999 2000 2003
Launched
the second
business
• Organized a • Became the first • Received a Special unit, PT.
fundraising event, NGO in Indonesia Consultative status
Angel for Change to earn the ISO from UN-ECOSOC 2004 Pelangi Jaya
• Launched YCAB 9001:2008 status • Launched the third
Cooperative • Became a self- business unit, Beauty
• Launched Mission- sufficient NGO Inc.
driven Microfinance with support from • Launched YCAB
(MFi) or education- affiliated business International Inc.
based ultra-micro units in Atlanta, Georgia,
loan United States Launched
YCAB’s third
2005 program, an
2009 2008 2007 economic
empowerment
program
• Earned 501 c (3) • Awarded with • Reached two millions
status for YCAB ‘Social Entrepreneur youths
International of the Year’ from • Tripled the amount of
• Launched Pilot Ernst & Young social investment • Launched five
Social Investment • Launched the • Received the Schwab international
Program as part fourth business Foundation Social programs
of MFi unit, Terrazone Entrepreneurship • Ranked 74th among
award from the World Top 500 NGOs from
Economic Forum NGO Advisor
2010 2011 2012
• Launched • Reached three millions
GenerasiBisa job youths
2013
platform with • Piloted an education program in Laos
Microsoft • YCAB Ventures is granted a license
Ranked 44th • Earned General
Consultative Status from OJK (Financial Services
among Top 500 from UN-ECOSOC Authority of Indonesia)
NGOs from • Ranked 49th among • PT. Pelangi became PT. Flip
NGO Advisor Top 500 NGOs from • Ranked 63rd among Top 500
NGO Advisor NGOs from NGO Advisor
2014
2017 2016 2015
Ranked second
in General
Category for 2014
Financial Inclusion
Competition by
• Ranked 35th among Top • Ranked 32nd of Top 500 SPO/NGO
500 NGOs from NGO Financial Services
in the World from NGO Advisor, Authority (OJK) in
Advisor Geneva.
• Distributed a total Indonesia
of IDR1.3 trillion to • Launched nation-wide
economic empowerment #LightUpIndonesia
programs movement
2019 2020
OU R I N D O N E S IA
FOOT P R I N TS
OU R I N T E R NAT IO N AL
PR OGR A M S
26 Rumah Belajar across
11 provinces in Indonesia
Info:
8 DKI Jakarta 4 Sulawesi Tengah
3 Banten 1 Sulawesi Tenggara
3 Jawa Barat 1 Sulawesi Utara
2 Jawa Timur 1 NTT
1 Bali 1 Kalimantan Timur
1 Jawa Tengah
We have helped 1,480 students in Hlegu to instil the culture Project Manager, Joseph M formed a leadership and
of reading, writing and the ability to express themselves in tailoring training class to prepare 1,025 women with
the society. the life skills they need to support their families.
Introductory computer lessons in Hlegu provides more than In collaboration with Lotus Children Foundation, 60
750 teachers and students basic graphic design training children has accomplished the Mavis Beacon
and access to job opportunities. typing program and have improved their abilities in
using the internet.
Women basketball teams were created to empower and YCAB partnered with SAE LAO Project, a
encourage 600 women to be more proactive members of sustainable development project, to further its youth
society through sports. outreach through education.
Through life skills, writing, reading, sewing skills and job
placement activities, a total of 577 women are educated
and equipped with basic economic skills to help uplift the
condition of their families.
OU R I M PAC T
3,809,263 56,364,227 IDR 1.5T
Total Beneficiaries Total Digital Footprints Funds Mobilized
Reached Since 1999 Reached per June 2020
Education
2,946,134 86%
youth have received soft skills training graduates employed with fixed income
56,953 1/5
total students of Rumah Belajar YCAB of those employed are self-employed
or became micro-entrepreneurs
26 10,459
active learning centers schools and implementing partners
Economic Empowerment
184,187 621,989
total microfinance clients of YCAB Ventures estimated number of indirect youth
beneficiaries
295%
increase of weekly profit after receiving loan
OU R
PR E MI S E OF C HA N G E
Social
Investors Investment
Integrated
Financial
Inclusion
Services
Self-Reliant
Next
Generation
Enabling
Education
YCAB Social Enterprise achieves sustainability through the use of a social investment approach
to maximize impact. The investors of YCAB's social investment came from YCAB Foundation's
partners and impact investors of YCAB Ventures (OJK licensed PMV) - an arm of YCAB Social
Enterprise that runs its mission-driven microfinance program.
Through YCAB's mission-driven microfinance, YCAB is able to provide low-income women
entrepreneurs with access to capital. As the prerequisite for these women entrepreneurs to
receive loans, their school-aged children have to remain in school and receive basic education
and/or vocational skills. In other words, YCAB uses microfinance as a means to an end; the
end in sight is education for all. As this is what we believe can break poverty cycle and
promote welfare sustainably.
This is the differentiating factor that distinguishes YCAB from other microfinance operators. As
revenue received from this mission-driven microfinance operation is re-invested to support the
activities of YCAB Foundation in promoting education. With this, we are raising a generation of
more empowered and independent youth, allowing them to strive for better lives and bigger
dreams.
OU R PR O G R A M S —
C E N T E R O F C HAN GE
Indonesia has been considered as one of the key countries that will shape the
future of the global economy. By 2030, 70% of the total population will be
in the working age. However, this huge and growing population of roughly
260 million people in Indonesia and the large labor force can be an asset or a
liability for the nation, depending on the human capital of the people.
10 million Indonesians still live in urban poverty
62% of the total unemployment in Indonesia are youth, aged 15 to 24-year-old.
Continuously innovating, YCAB is now developing Centers of Change (CoC), a breakthrough
intervention model that aims to touch not only the lives of the youth but also the microsystems
around them. Through this, we hope to impact more people and accomplish our end goal which
is to help youth to be self-reliant or in Bahasa, we call it, ‘mandiri’.
There will be four main activities in the Center of Change:
Providing hard skills Providing life skills Creating and Business or
and life skills education to the youths, managing ecosys- investments and
education for the based in low grade tem platforms to tri-sector partnership
out-of-school secondary schools, while provide continuous activities to sustain
youths live near the training the teachers on support to the the Center of
center or the fun learning, and the beneficiaries Change program
surrounding parents on effective
communities parenting skills
Two main programs to encapsulate the four main activities:
Education: Economic
Learning Center Empowerment:
(Rumah Belajar) Mission-driven
Microfinance
ED UCAT IO N PR O GR A M
2,946,134 56,953 56,953
YCAB has trained youth in soft skills
and life skills across 26 provinces Youth Received Education Certificates granted
and 77 cities in Indonesia
The first Rumah Belajar (Learning Center) was established in 2003 to provide
education for underprivileged youth and school dropouts. We have a deep focus
not only on schooling, but to ensure all students are learning and excelling in and
out of the classrooms. We have 26 learning centers in 11 provinces in Indonesia.
Furthermore, various vocational programs are made available to suitably equip
youth for future employment or entrepreneurship.
Basic Education Skills Advancement Scholarships and
Equivalency Course Immersion
Elementary School Level Digital Literacy Higher Education
(Paket A) Scholarship
English Literacy
Junior High School level International School
(Paket B) Vocational training: Immersion
(Rumah Batik, Rumah Cantik, Rumah Jahit)
Senior High School Level
(Paket C) Entrepreneurship, Employment &
Life Skills Training
Education program focuses on basic education equivalency and skills advancement
courses. Youth are taught basic math, English, geography and science. Our vocational courses
are tailored to fit related services industries; hair and beauty, motorcycle mechanic, electronics
repair, sewing skills and Batik crafting.
The subsidized education cost is made affordable for all at IDR10,000/month, it is approximately
US$1 per month per student across for all those programs.
ECO NO M I C
EM POW ER M EN T
PR OGR A M
IDR 1.2T 295% 184,187
mobilized for programs increase of weekly profit total microfinance
after receiving loans beneficiaries of YCAB Ventures
In 2010, YCAB developed its economic empowerment arm for underprivileged
women through the founding of YCAB Ventures. YCAB Ventures help give access
to financial capital by providing loans to women entrepreneurs in low income
families with the condition of education for her children.
Financial Inclusion Entrepreneurship and
Life Skills Training
Mission-driven microfinance Financial Literacy
Online Entrepreneurship
Our Economic Empowerment program for mothers
has two main components to it; one, financial
inclusion, and the other entrepreneurship & life
skills training. The financial inclusion component
aims to provide access to capital for mothers to
help expand their businesses and thus escape
poverty. The entrepreneurship & life skills training
component aims to enhance their skills and
knowledge in order to thrive in their communities.
The money generated from microfinance is
reinvested to support the promotion of education in
YCAB’s learning and vocational centers including
scholarships for the children of these women.
OU R T EST I M ON I E S:
IMPAC T STO R I E S
Divia Ayu Prahatina
Divia is one of our prestigious Packet C (a high school
equivalent program) student at Rumah Belajar (Learning
Center) YCAB Duri Kepa. Since starting grade 12, she
received full academic scholarship into Global Sevilla High
School, where she spent her final year in that international
school.
Spending 3 years as a student at YCAB’s learning center,
Divia felt that she had been given various opportunities for
personal and professional growth; one of them being able to
go to school at Global Sevilla. She dearly calls YCAB as her
second hom as she reminisced her time as a student at
YCAB.
Tri Amini
“Now I am able to send my children to school and
have my own house. The difference of YCAB’s
microfinance from another microfinance is clear.
YCAB’s financial support is conditional on our
children continuing their education”.
Tri Amini is a single mom from Klaten. With a
young child, she was unable to continue working
as a sales assistant in a mall. She started a small
business selling salted eggs. Initially selling door to
door, her business has now expanded to supply
traditional markets, supermarkets even hotels.
All of this is possible because of her hard work and
financial support from YCAB.
For more impact stories, please visit:
https://www.ycabfoundation.org/wp-conte
nt/uploads/2020/02/Impact-One-Impact-
Millions-eng.pdf
OU R T EST I M ON I E S:
VOLUN T EE R S
17,314 265 87
volunteers volunteers volunteers
since 1999 in 2018 in 2019
Testimonies of our volunteers:
Fatou is a Brown University student in the United States who volunteered
for YCAB in 2019. She decided to become a volunteer because she was
inspired by YCAB's mission to empower women through financial
assistance and a Learning House for their children. This mission is in line
with her future goal, which is to actualize women's independence.
“At YCAB, I joined the Do Something Indonesia team in a project to
increase young people's awareness of plastic pollution that would be
increasingly dangerous in the future. Since joining YCAB, I have realized
that big goals can be actualized from the small steps we take. This
project is also a small step that can help YCAB actualize women's
independence”
Fatoumata Kabba, interning for Do Something Indonesia Project.
Brown University,
Rhode Island
We are a local social organization with
a global footprint. Since 1999, we have
had over 17,000 volunteers from
around the world and have been
actively engaged in international
dialogues.
35+ countries including:
Australia, Azerbaijan. Cambodia,
Canada, Czech, China, Fiji, France,
Germany, India, Indonesia, Ireland,
Italy, Japan, Korea, Malaysia,
Morocco, Myanmar, Netherlands, New
Zealand, North Korean, Pakistan,
Papua New Guinea, Philippine,
Romania, Singapore, Slovakia,
Solomon Islands, Taiwan, Thailand,
Tunisia, Ukraine, UK, United States,
Vanuatu, and Vietnam.
“The passion and hard work of my colleagues who are trying to answer
the tough challenge in the social world, from Microfinance to Rumah
Belajar, are very inspiring.”
Raymond Rudianto, interning for Strategic Department.
University of California,
Berkeley
NOTA B L E PR OJ E C TS
for YCAB’s Entrepreneurship,
Employment & Life Skills Training
Anak Bangsa Siap Berkaya
Through Anak Bangsa Siap Berkarya, YCAB
successfully equipped 8,460 future talents
and 11,380 mothers in Medan, Jakarta,
Bandung, Semarang and Surabaya from
2015-2019 by building their work abilities to
succeed in the global economy.
Facebook Asah Digital
In 2018-2019, YCAB collaborated with Facebook to deliver the nationwide
campaign, #ThinkBeforeYouShare. This was a 10 month School to school
campaign to promote digital literacy among online audiences so
conversations remain civil, respectful, informative and inspirational. Through
this program, YCAB had an offline reach of 22,147 beneficiaries (parents,
teachers, and students) from 7 provinces in Indonesia and had an online
reach of 32,683,567 from Facebook and Instagram platforms.
Asah Digital was launched early 2020 to train teachers in 8 provinces in
digital citizenship. By May 2020, the online reach has accumulated to
5,422,075.
56,364,227 the total digital impressions across all programs in four years.
FR E Q UE NT LY
ASK E D Q UE ST IO N S
What is a Social Entrepreneurship?
What are the different types of social enterprises?
A social enterprise is an organization that aims to achieve financial returns while fulfilling social
and environmental positive impact. Social enterprises can be non-profit, for-profit or other types
of organizations as long as the social mission is central to their activity. Social enterprises are
organizations with a double or triple bottom line—they prioritize not only financial profits but also
take into consideration people and/or the planet; the empowerment of people and/or
preservation of environment. Also, the organization must reinvest either all or a portion of their
profit back into its core social mission.
Are Social Enterprises the same as non-profits?
Social enterprises can take on various legal structures: nonprofit, for-profit
and so on. However, what is key is that there is an underlying strong social
and environmental mission embedded in the core of its organization. For a
social enterprise to grow financially, the social and environmental mission
must expand as well.
What is the difference between YCAB Foundation,
YCAB Ventures, YCAB, and portfolio companies?
1. YCAB Foundation refers to the non-profit that runs the education program
2. YCAB Ventures refers to the non-bank financial institution licensed by OJK that runs the
. economic empowerment program as well as investments to other organizations
3. Portfolio companies refers to the companies that are invested by YCAB Ventures
4. YCAB Social Enterprise refers to the group of organizations including YCAB Foundation,
YCAB Ventures, and all the portfolio companies.
What type of social enterprise is YCAB?
Structurally, YCAB is considered a hybrid social enterprise that adopts a multiple-entity approach
in combining a non-profit legal structure (YCAB Foundation) with a for-profit organization (YCAB
Ventures). YCAB Ventures makes investments and currently have various portfolio companies
including Beauty Inc, Terrazone, YADA, etc.
As seen in the diagram, YCAB Foundation is a non-profit that holds 25% equity in YCAB
Ventures. YCAB Ventures operates the economic empowerment (mission-driven microfinance)
program and also invests in other various businesses. YCAB Ventures’ portfolio companies
support the operations of the nonprofit either through financial means or corporate social
responsibility initiatives. Affiliated Companies are companies associated with the Foundation
through personal shareholding of Veronica Colondam; her dividends from these companies are
directly donated to the Foundation.
For a non-profit like YCAB Foundation to have equity ownership in various companies is an
advantageous strategy as it becomes a type of controlling mechanism in which the nonprofit can
have authority over the activities of the companies to ensure mission alignment with YCAB
Foundation. Therefore, this hybrid social enterprise model ensures a stream of unrelated
business income to support the programs and operations of YCAB Foundation.
Why is YCAB considered a social enterprise?
Why is YCAB considered a social enterprise?
1. YCAB Foundation has a central social mission and is financially supported by YCAB’s
portfolio companies. The dividends from YCAB Ventures and its portfolio companies
financially supports the education programs and operations of YCAB Foundation. Thus,
YCAB is not 100% donor dependent and has a degree of financial independence.
2. YCAB Ventures runs a mission-driven microfinance program in which the loans given to
women entrepreneurs are conditional to their child’s education. Microfinance is one of the
earliest and original forms of social entrepreneurship as it merged social impact and
financial sustainability.
It is important to note that in Indonesia, social enterprise is a descriptive term to an organization
and not a legal structure. Legally, YCAB Foundation is a non-profit while YCAB Ventures is a
for-profit non-bank financial institution licensed by Indonesia’s Financial Services Authority (OJK).
Are YCAB’s portfolio companies social enterprises?
YCAB’s portfolio companies individually are not social enterprises.
However, they are for-profit companies in various industries -
entertainment, beauty, agriculture, health - that are dedicated to help
YCAB achieve its social mission of urban poverty alleviation.
YCAB is working to strengthen and influence greater social mission
alignment within the portfolio companies for the companies. This
could be in the form of adopting environmental sustainability policies
or ensuring greater contribution to YCAB Foundation.
YCAB is also working to develop a stronger impact investing arm
within YCAB Ventures. Through a systematic approach to impact
investments, we will then be investing in social enterprises within the
Southeast Asian region.
Why is it important to reduce donor dependency?
Donor dependency could limit YCAB’s scalability and growth, especially during times of scarcity
and crisis. It puts a lot of weight on external individuals and organizations in order to sustain
YCAB and its mission. YCAB since the beginning of its existence always strives to ensure
financial sustainability so that our operations and programs can go on even if there is a season of
scarcity and finite availability of outside funds. Moreover, sometimes donor funds are restrictive
and would prevent YCAB from fully achieving its original mission and vision.
That is why YCAB captures the financial gains from its portfolio companies and
YCAB Ventures so that a portion of YCAB Foundation’s expenses can be covered
by its businesses. YCAB aims to ensure the long-term perpetuity of the
organization as well as optimize the contribution from YCAB’s portfolio companies
and investments.
“CHILD BY CHILD, WE BUILD OUR WORLD”
In compliance with:
@ycabfoundation
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