Taking Net-Works Global
With Net-Works successfully established in the Philippines and Cameroon we’ve proven that the model works. Our goal now is to scale up.
By 2020 we aim to:
Give 10,000 families better
access to finance
Create a healthier environment
for 1 million people
Better protect 1 billion
square meters of the ocean
We are currently working to identify additional locations around the world, secure funding and develop on-the-ground partnerships to help with implementation.
If you are an impact investor or a practitioner working with fishing communities in a developing country and are interested in getting involved please contact us.
The scale of the opportunity
Coastal communities in the developing world are almost entirely reliant on the ocean for their livelihood. Our aim is to empower these communities to better protect and manage their local marine resources and to diversify their livelihoods so that they are not solely reliant on fishing.
Access to finance is a crucial part of this empowerment. Current estimates are that around 2 billion of the world’s most marginalized people don’t have a bank account.¹ The Net-Works model, with community banks at its heart, provides people with access to savings and loans, often for the first time, in a way that is convenient and local.
Net-Works is also helping to tackle the problem of plastic pollution, one of the major threats to the health of the world’s oceans. Predictions are that if nothing changes, by 2025 there will be one metric ton of plastic for every three metric tons of fish in the sea.² The nylon fishing nets typically used by fishers in the communities where Net-Works operates take on average 600 years to break down.³ Removing these nets from the ocean, and changing peoples’ behavior so that nets are no longer discarded in the first place, will go some way towards addressing the huge challenge of plastic waste.
- The Global Findex Database 2014: Measuring Financial Inclusion around the World, World Bank (2015)
- Waste inputs from land into the ocean, Jambeck et al (2015)
- Fishing’s phantom menace: how ghost fishing gear is endangering our sea life, World Animal Protection (2014)