Social Enterprise World Forum (SEWF) has verified Mifuko as a genuine social enterprise in August 2022 on the basis of the Guarantee process set by the World Fair Trade Organisation (WFTO) of which Mifuko is a certified member. The social enterprise movement is part of a global response to a broken economic system that is increasing inequality and causing a climate emergency. SEWF’s goal is to grow the global social enterprise movement to accelerate the transition to a new global impact economy.
SEWF’s list of criteria that Mifuko meets is as follows:
Mission: has a clearly stated primary social or environmental mission.
Ethics: is transparent and accountable to its mission and aspires to the highest ethical business standards in all internal and external dealings.
Income: generates the majority (51% or more) of its operating income from trade, the sale of products and services, including grants for product outputs or services.
Surplus: reinvests the majority (51% or more) of its surpluses in pursuit of your mission.
Ownership: is controlled in the interests of your stated mission, not individually controlled.
Asset Lock: has provisions in place to ensure that if the organisation is dissolved, disposed of or converted, all residual assets will be distributed in line with your stated mission.
Mifuko’s Head of Sustainability and Production, Minna Impiö, summarizes her thoughts of Mifuko being verified as a social enterprise: "Mifuko's mission is to improve the well-being of women, men and their communities in rural Africa while bringing joy to our customers - we have a clear social mission. We are happy to be part of the global movement towards a more sustainable and fairer world and economy. We are looking forward to learning and networking through our partnership with the Social Enterprise World Forum.
SEWF’s list of criteria that Mifuko meets is as follows:
Mission: has a clearly stated primary social or environmental mission.
Ethics: is transparent and accountable to its mission and aspires to the highest ethical business standards in all internal and external dealings.
Income: generates the majority (51% or more) of its operating income from trade, the sale of products and services, including grants for product outputs or services.
Surplus: reinvests the majority (51% or more) of its surpluses in pursuit of your mission.
Ownership: is controlled in the interests of your stated mission, not individually controlled.
Asset Lock: has provisions in place to ensure that if the organisation is dissolved, disposed of or converted, all residual assets will be distributed in line with your stated mission.
Mifuko’s Head of Sustainability and Production, Minna Impiö, summarizes her thoughts of Mifuko being verified as a social enterprise: "Mifuko's mission is to improve the well-being of women, men and their communities in rural Africa while bringing joy to our customers - we have a clear social mission. We are happy to be part of the global movement towards a more sustainable and fairer world and economy. We are looking forward to learning and networking through our partnership with the Social Enterprise World Forum.
