South North Development Initiative

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The South North Development Initiative SNDI/South North) is a 501(c)3 nonprofit organization based in New York City. [1] They have a stated mission "to promote job growth and reduce poverty in Latin America and Southern Africa through the establishment of specialized Local Investment Funds (LIFs) which provide both capital and advisory services to small and medium size businesses." [2] "South North often works in partnership with the United Nations Development Programme (UNDP) and is registered with USAID." [3]

"South North works together with Sur Norte Inversión y Desarrollo, Argentinean sister organization, created in 1999. It mainly focuses on strengthening Social and Productive Inclusion Programs, by promoting new instruments for socio-economic development." [4]


"South North maintains a lean office structure and is funded by individuals, the private sector, foundations, and multilateral institutions. Past contributors include the Oak Foundation, UNDP, Charles Butt, Peggy Dulany, Bill Hewlett, Institute for Civil Society, Merrill Lynch, Charles Stewart Mott Foundation, Mercedes de Noboa, W.K. Kellogg Foundation, BP Foundation, Chase Manhattan Foundation, The Draper Foundation, Augusto Edwards, the Rockefeller Foundation, Asia Foundation, Bankers Trust, Capital Group Companies, John D. and Catherine T. MacArthur Foundation, Joyce Mertz Gilmore Foundation, J.P. Morgan Foundation, the Rockefeller Brothers Fund, UNESCO, Shaler Adams Foundation, Arco Foundation, Banco Ciudad, CIDA, Ford Foundation, Grupo Esquel, Wallace Alexander Gerbode Foundation, A. Robert Towbin, Paul Tudor Jones, Joukowsky Foundation and Sally Timpson." [5]