Mennonite Economic Development Associates
Creating business solutions to poverty
Mennonite Economic Development Associates
EIN: 23-7398678
Programs and results
Reports and documents
Download annual reports Download other documentsWhat we aim to solve
Our programs
What are the organization's current programs, how do they measure success, and who do the programs serve?
Market Systems
We design and put in place programs and provide technical support to enable excluded communities to participate in markets. Our work considers the social, political, and cultural contexts of each country and the barriers that each group face. Through this approach, we successfully empower more people to participate in agri-food market systems.
Impact Investment
MEDA began as an investment in Sarona Dairy over 67 years ago and continues to play a leading role in impact investing. We finance and invest in companies and funds and work to strengthen systems to enable small and medium sized enterprises to grow and thrive. MEDA also offers various investment and finance training opportunities for its clients and raises debt and equity from investors.
Gender Equality and Social Inclusion
MEDA is a leader in incorporating excluded groups, especially women, youth, and ethnic minorities into mainstream market systems. We partner with local businesses and organizations to deliver the support and services that allow disadvantaged groups to contribute to and benefit from economic growth. MEDA also works with local partners whose in-depth knowledge improves our services and programs. Our focus on incorporating traditionally excluded people into the economy is related to our core aspect of respect.
Environment and Climate Change
MEDA conducts environmental assessments through its Environmental Management System (EMS) to ensure our work alleviates poverty in an environmentally sustainable manner. We work with businesses, entrepreneurs, and local partners to enable their businesses and livelihoods to adapt to environmental and climate change risks. We also promote stainable waste and energy-use practices within our offices around the world.
Inclusive Financial Services
Since its founding, inclusive finance has been an important aspect of MEDA’s mission. We strengthen microfinance institutions through investments, loan capital, and capacity building and provide microloans and banking services to our clients to fuel their businesses and livelihoods.
Where we work
Photos
Our results
How does this organization measure their results? It's a hard question but an important one.
Number of donations made by board members
This metric is no longer tracked.Totals By Year
Type of Metric
Input - describing resources we use
Direction of Success
Holding steady
Context Notes
Buy-in and trust from our board is partially indicated by their willingness to give financially in addition to the time they spend helping to guide our organization.
Our Sustainable Development Goals
Learn more about Sustainable Development Goals.
Goals & Strategy
Reports and documents
Download strategic planLearn about the organization's key goals, strategies, capabilities, and progress.
Charting impact
Four powerful questions that require reflection about what really matters - results.
What is the organization aiming to accomplish?
MEDA is an international economic development organization that ‘creates business solutions to poverty’. MEDA aims to contribute to the sustainable development goal of poverty elimination by creating or sustaining decent work opportunities for half a million people, especially women and youth, by 2030 .
For over 70 years, MEDA has promoted the belief that all people deserve the opportunity to earn a livelihood and that entrepreneurship is a powerful driver on the path to alleviate poverty.
MEDA is focusing efforts on agri-food market systems in the Global South. This strategic direction is guided by the belief that agricultural development is a powerful tool to stop extreme poverty, boost prosperity and ensure food security for millions of households. Agri-business is a priority area and MEDA has contributed innovations and relevant solutions for small- and medium-sized enterprises for decades.
MEDA’s mandate is to invest in rural populations in the Global South and enable inclusive and sustainable transformation of agri-food market systems.
MEDA also recognizes that the road to poverty elimination is not straight nor simple. There are many contributing factors that must be considered and or addressed in order to bring about sustainable change. MEDA also works to alleviate the impacts of inequality, climate change, and exclusion from markets in the effort to create sustainable, positive change in the lives of our clients.
What are the organization's key strategies for making this happen?
MEDA has identified four strategic pillars to guide the ways of working with partners within our countries and sectors of operations. They are summarize by the four Ps, namely:
i. Programming: MEDA designs and implements initiatives that are focused on women and youth in agri-food systems with the goal of creating decent work opportunities.
ii. Processes: MEDA continues to develop long-term programming and partnerships in focused-regions and make disciplined decisions.
iii. Proof of Performance: MEDA continues to put our clients first, ensuring that metrics help them make better decisions and remain accountable to stakeholders.
iv. Positioning: MEDA continues to learn from our successes and failures and share our learnings in innovative finance, agri-food systems, and private sector engagement.
Specifically, MEDA pursues systems-level change by broadening our scope beyond immediate project-bound work to sustainable alliances that achieve impact at scale. MEDA is partnering with global development agents, governments and sector stakeholders in the countries of
operations to advance equality and help transcend poverty through decent work opportunities.
MEDA works to address the structures that trap people in poverty using a market systems approach. Drawing on our areas of technical expertise, we work to create an enduring foundation for income and community prosperity through decent work opportunities.
MEDA embraces a shared voice committed to empowering the Global South. This is reflected in MEDA’s communication, program development, implementation, evaluation, operations, philanthropy, and governance. MEDA believes that success is sustained when it is based on the local context. Through this shift in our way of working, we continue to build conditions for self-reliance and economic freedom wherever we work.
Further, to achieve our ambitious agenda, MEDA’s work aligns with six of the Sustainable Development Goals, namely:
i. SDG 1: No Poverty
ii. SDG 2: No hunger
iii. SDG 5: Gender Equality
iv. SDG 8: Decent work and economic growth
v. SDG 13: Climate Action
vi. SDG 17: Partnerships for the Goals
In this regard, MEDA is committed to the following cross-cutting themes:
• Anti-racism, gender equality and social inclusion
• Innovation and technology adoption
• Partnerships and contextual knowledge
• Environmental sustainability and climate action
What are the organization's capabilities for doing this?
MEDA has strong financial, technical and management capabilities to design and implement interventions, which are aligned with its strategic goal of creating decent work opportunities for women and youth. Specifically, MEDA has five technical units:
1. Market systems
2. Impact Investing
3. Financial Inclusion
4. Gender Equality and Social Inclusion
5. Environment and Climate Change
In addition to these technical competencies, MEDA has dedicated Monitoring and Impact Measurement Department that gathers data to understand whether our interventions are achieving the results we expected, what can we learn from them and which approaches need to be refined to help our clients reach their true potential.
What have they accomplished so far and what's next?
With seven decades of operation, the MEDA team has consistently overcome relevant development challenges with creative ideas, new concepts, and thoughtful, sustainable programming and products.
MEDA has developed unique investment tools and systems such as impact investing, market systems approaches and blended finance; and continues to be a leader in the social impact financial solutions.
MEDA has directly impacted over 4.5 million individuals through our agri-business projects since 1953. This includes benefitting an estimated 2.8 million women — (62%) of the total.
Specifically, in the decade (2010-2020) alone, MEDA has implemented 122 initiatives in 50 countries, benefitting 2 million clients (directly) including women and youth.
In all of these initiatives MEDA has employed our technical framework to realize impactful and sustainable agriculture and agri-business solutions.
Over this period, we have also collaborated with over 9600 public, civil-society, private and international partners.
Programming Results over the years
i. Access to financial literacy and Inclusion
In a typical MEDA agri-business project that also includes financial literacy and inclusion, there is a 73% increase in people with access to appropriate financial tools.
ii. Increased productivity
The median rate of increase for crop productivity is 66% with MEDA projects
iii. Sustainable Livelihoods
At least 127million jobs have been created directly from MEDA projects in the past 50 years3
What’s Next?
In the years leading up to 2025, which closes our current strategic period, MEDA is focused on the making significant strides in the following areas relating to the 4 strategic Pillars.
1) Positioning
Enhanced Corporate Visibility
• Engaging new donors and partners to join agri-food market systems development.
• Influencing agri-food policy.
• Developing partnerships that boost brand visibility.
Embedded Innovation
• Proactively engaging Global South partners to pursue innovative, appropriate solutions to poverty
• Capturing improvements in impact, scale, and efficiency of client enterprises.
• Becoming thought leaders in our niche area by sharing relevant and useful insights and create impact in agri-food market systems
2) Programming
Sharper Focus
• Become a recognized leader in improving decent work in agri-food market systems.
• Gain expertise in high value crop market systems of focus countries.
Systems Level Impact
• Conduct rigorous agri-food market systems assessments guide our work.
• Measure systems level change.
• Secure longer-term partnerships with donors and stakeholders.
Alignment of Impact Investment
• Global staff, donors, partners, and clients share impact investing knowledge and convene stakeholders for system level impacts.
• Prioritize capital for agri-food market systems where we work.
Resource Diversification
• Broaden our donor base.
• Motivate institutional donors to make longer-term commitments for systems level change.
How we listen
Seeking feedback from people served makes programs more responsive and effective. Here’s how this organization is listening.
-
How is your organization using feedback from the people you serve?
-
Which of the following feedback practices does your organization routinely carry out?
-
What challenges does the organization face when collecting feedback?
Financials
Financial documents
Download audited financialsRevenue vs. expenses: breakdown
Liquidity in 2023 info
0.57
Months of cash in 2023 info
2.4
Fringe rate in 2023 info
29%
Funding sources info
Assets & liabilities info
Financial data
Mennonite Economic Development Associates
Revenue & expensesFiscal Year: Jul 01 - Jun 30
Mennonite Economic Development Associates
Balance sheetFiscal Year: Jul 01 - Jun 30
The balance sheet gives a snapshot of the financial health of an organization at a particular point in time. An organization's total assets should generally exceed its total liabilities, or it cannot survive long, but the types of assets and liabilities must also be considered. For instance, an organization's current assets (cash, receivables, securities, etc.) should be sufficient to cover its current liabilities (payables, deferred revenue, current year loan, and note payments). Otherwise, the organization may face solvency problems. On the other hand, an organization whose cash and equivalents greatly exceed its current liabilities might not be putting its money to best use.
Fiscal Year: Jul 01 - Jun 30
This snapshot of Mennonite Economic Development Associates’s financial trends applies Nonprofit Finance Fund® analysis to data hosted by GuideStar. While it highlights the data that matter most, remember that context is key – numbers only tell part of any story.
Created in partnership with
Business model indicators
Profitability info | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Unrestricted surplus (deficit) before depreciation | $2,106,134 | -$762,588 | $755,206 | $4,165,642 | -$1,313,143 |
As % of expenses | 17.6% | -7.6% | 9.2% | 39.2% | -12.2% |
Unrestricted surplus (deficit) after depreciation | $2,102,287 | -$772,278 | $737,949 | $4,147,372 | -$1,317,912 |
As % of expenses | 17.5% | -7.7% | 9.0% | 38.9% | -12.2% |
Revenue composition info | |||||
---|---|---|---|---|---|
Total revenue (unrestricted & restricted) | $14,082,886 | $9,261,338 | $8,967,684 | $14,802,817 | $11,559,834 |
Total revenue, % change over prior year | 35.3% | -34.2% | -3.2% | 65.1% | -21.9% |
Program services revenue | 4.1% | 10.6% | 18.3% | 9.7% | 1.8% |
Membership dues | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Investment income | 0.0% | 0.0% | 0.0% | 0.0% | 0.0% |
Government grants | 24.0% | 19.8% | 19.6% | 30.2% | 38.7% |
All other grants and contributions | 71.1% | 66.2% | 62.0% | 58.3% | 59.1% |
Other revenue | 0.8% | 3.4% | 0.1% | 1.7% | 0.4% |
Expense composition info | |||||
---|---|---|---|---|---|
Total expenses before depreciation | $11,976,752 | $10,023,926 | $8,212,478 | $10,637,175 | $10,804,982 |
Total expenses, % change over prior year | 30.5% | -16.3% | -18.1% | 29.5% | 1.6% |
Personnel | 14.8% | 15.2% | 14.8% | 10.0% | 9.8% |
Professional fees | 11.9% | 14.6% | 19.7% | 18.5% | 24.8% |
Occupancy | 0.8% | 0.8% | 1.0% | 0.6% | 0.4% |
Interest | 3.0% | 4.3% | 3.1% | 2.2% | 0.0% |
Pass-through | 12.1% | 4.8% | 7.8% | 0.8% | 7.6% |
All other expenses | 57.4% | 60.4% | 53.6% | 67.9% | 57.3% |
Full cost components (estimated) info | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Total expenses (after depreciation) | $11,980,599 | $10,033,616 | $8,229,735 | $10,655,445 | $10,809,751 |
One month of savings | $998,063 | $835,327 | $684,373 | $886,431 | $900,415 |
Debt principal payment | $0 | $2,616,560 | $0 | $5,994,530 | $4,817,553 |
Fixed asset additions | $0 | $85,159 | $673,209 | $0 | $0 |
Total full costs (estimated) | $12,978,662 | $13,570,662 | $9,587,317 | $17,536,406 | $16,527,719 |
Capital structure indicators
Liquidity info | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Months of cash | 6.5 | 11.2 | 7.6 | 5.7 | 2.4 |
Months of cash and investments | 26.6 | 33.5 | 40.4 | 25.8 | 19.8 |
Months of estimated liquid unrestricted net assets | 11.4 | 12.6 | 15.5 | 16.6 | 15.7 |
Balance sheet composition info | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Cash | $6,500,601 | $9,363,595 | $5,168,576 | $5,089,429 | $2,164,794 |
Investments | $20,062,434 | $18,654,128 | $22,450,736 | $17,757,178 | $15,676,007 |
Receivables | $6,869,436 | $2,380,106 | $2,080,139 | $2,629,686 | $1,826,521 |
Gross land, buildings, equipment (LBE) | $51,275 | $105,787 | $769,818 | $769,818 | $108,965 |
Accumulated depreciation (as a % of LBE) | 96.7% | 27.0% | 4.8% | 7.1% | 53.3% |
Liabilities (as a % of assets) | 66.2% | 65.3% | 62.9% | 41.1% | 28.3% |
Unrestricted net assets | $11,355,282 | $10,583,004 | $11,320,953 | $15,468,325 | $14,150,413 |
Temporarily restricted net assets | $0 | N/A | N/A | N/A | N/A |
Permanently restricted net assets | $0 | N/A | N/A | N/A | N/A |
Total restricted net assets | $0 | $0 | $0 | $0 | $0 |
Total net assets | $11,355,282 | $10,583,004 | $11,320,953 | $15,468,325 | $14,150,413 |
Key data checks
Key data checks info | 2019 | 2020 | 2021 | 2022 | 2023 |
---|---|---|---|---|---|
Material data errors | No | No | No | No | No |
Operations
The people, governance practices, and partners that make the organization tick.
Documents
CEO/President
Dorothy Nyambi
Number of employees
Source: IRS Form 990
Mennonite Economic Development Associates
Officers, directors, trustees, and key employeesSOURCE: IRS Form 990
Compensation data
Mennonite Economic Development Associates
Highest paid employeesSOURCE: IRS Form 990
Compensation data
Mennonite Economic Development Associates
Board of directorsas of 06/21/2024
Board of directors data
Jeremy Showalter
Organizational demographics
Who works and leads organizations that serve our diverse communities? Candid partnered with CHANGE Philanthropy on this demographic section.
Leadership
The organization's leader identifies as:
Race & ethnicity
Gender identity
Transgender Identity
Sexual orientation
No data
Disability
No data
Equity strategies
Last updated: 03/16/2023GuideStar partnered with Equity in the Center - an organization that works to shift mindsets, practices, and systems to increase racial equity - to create this section. Learn more
- We review compensation data across the organization (and by staff levels) to identify disparities by race.
- We disaggregate data to adjust programming goals to keep pace with changing needs of the communities we support.
- We employ non-traditional ways of gathering feedback on programs and trainings, which may include interviews, roundtables, and external reviews with/by community stakeholders.
- We use a vetting process to identify vendors and partners that share our commitment to race equity.
- We have a promotion process that anticipates and mitigates implicit and explicit biases about people of color serving in leadership positions.
- We seek individuals from various race backgrounds for board and executive director/CEO positions within our organization.
- We help senior leadership understand how to be inclusive leaders with learning approaches that emphasize reflection, iteration, and adaptability.
- We measure and then disaggregate job satisfaction and retention data by race, function, level, and/or team.