IBOV 177,999.00 ▲ 0.47% IPSA 11,016.85 ▼ 0.13% IPC MEX 66,935.53 ▼ 0.58% MERVAL 3,291,323 ▼ 0.41% COLCAP 2,392.10 ▲ 2.12% BVL PERÚ 57,890.85 — — USD/BRL5.07▼ 0.09% USD/MXN17.33▼ 0.01% USD/CLP 930.47 — 0.00% USD/COP3,151▲ 0.93% USD/PEN3.39▼ 0.01% USD/ARS 1,485 — 0.00% USD/UYU40.20▲ 1.25% USD/PYG5,931▲ 1.14% USD/BOB12.10▲ 4.29% USD/DOP57.99▲ 0.14% USD/CRC448.40▲ 1.33% USD/GTQ7.62▲ 2.25% USD/HNL26.76▲ 1.53% USD/NIO 36.62 — 0.00% USD/VES744.76▼ 0.41% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.19▲ 0.37% USD/TTD6.72▲ 0.86% EUR/BRL5.85▼ 0.37% BRENT 90.12 ▲ 1.22% WTI 84.67 ▲ 1.29% IRON ORE 161.91 — — COPPER 6.47 ▲ 0.33% GOLD 4,107 ▲ 0.17% SILVER 57.79 ▼ 1.75% SOY 1,188 ▲ 0.87% CORN 464.00 ▲ 4.09% WHEAT 639.25 ▼ 3.65% COFFEE 313.55 ▼ 2.94% SUGAR 14.65 ▲ 1.52% ORANGE JUICE 153.35 ▲ 5.03% COTTON 81.20 ▲ 2.25% COCOA 5,537 ▲ 8.31% BEEF 227.25 ▼ 1.72% CATTLE 343.78 ▼ 0.78% LITHIUM 69.22 ▼ 0.85% PETR4 43.42 ▲ 1.35% VALE3 76.28 ▲ 0.25% ITUB4 42.89 ▲ 0.35% BBDC4 18.43 ▲ 0.22% ABEV3 15.99 ▲ 0.19% BBAS3 21.35 ▲ 0.76% B3SA3 15.73 ▲ 0.64% WEGE3 47.20 ▲ 0.81% PRIO3 60.85 ▲ 1.48% SUZB3 43.32 ▲ 1.38% RENT3 37.61 ▼ 1.62% AZZA3 16.42 ▲ 3.53% CSAN3 4.07 ▲ 2.01% RAIZ4 0.26 — 0.00% PCAR3 2.59 ▼ 5.47% GMAT3 4.03 ▲ 1.26% PSSA3 54.70 ▲ 0.64% CVCB3 1.31 ▲ 0.77% POSI3 3.55 ▲ 0.85% SLCE3 13.38 ▲ 0.91% NATU3 8.38 ▲ 0.60% BRKM5 5.97 ▲ 0.67% RANI3 8.11 ▲ 1.00% CSNA3 4.84 ▼ 2.22% CMIN3 5.71 ▼ 0.17% USIM5 7.36 ▼ 2.52% GGBR4 24.98 — 0.00% ENEV3 26.31 ▲ 0.61% CPFE3 46.14 ▲ 0.11% CMIG4 11.34 ▲ 0.98% EQTL3 38.66 — 0.00% LREN3 13.60 ▲ 0.59% VIVT3 32.63 — 0.00% RAIL3 14.44 ▲ 1.12% KLABIN 18.25 ▲ 1.11% RAIA DROGASIL 18.48 ▲ 1.26% RDOR3 34.64 ▲ 0.64% HAPV3 11.28 ▲ 2.45% FLRY3 17.14 ▲ 1.00% SMTO3 14.52 ▲ 0.83% UGPA3 33.05 ▲ 0.39% VBBR3 36.05 ▲ 1.18% BBSE3 41.26 ▲ 0.98% BPAC11 56.80 ▲ 0.32% CURY3 30.09 ▼ 1.02% AERI3 2.15 ▲ 0.94% VIVARA 22.18 ▲ 0.09% COMPASS 24.84 — 0.00% VAMOS 3.34 ▼ 2.34% SANB11 28.62 ▲ 13.35% ASAI3 8.50 ▲ 1.07% SBSP3 27.70 ▲ 1.06% WALMEX 50.36 ▲ 0.34% GMEXICO 208.29 ▼ 2.20% FEMSA 221.95 ▲ 1.19% CEMEX 20.54 ▼ 0.73% GFNORTE 199.64 ▼ 0.32% BIMBO 62.08 ▲ 2.26% TELEVISA 9.79 ▼ 0.91% AMX 22.00 — 0.00% GAP 376.64 ▼ 1.08% ASUR 275.62 ▼ 0.34% OMA 231.05 ▼ 0.96% KOF 187.94 ▼ 0.14% GRUMA 258.23 ▼ 4.00% KIMBER 40.19 ▼ 0.17% SQM-B 62,700 ▼ 0.93% COPEC 6,350 ▲ 0.79% BSANTANDER 80.99 ▲ 0.36% FALABELLA 6,216 ▼ 0.06% ENELAM 87.99 ▲ 0.39% CENCOSUD 1,955 ▲ 0.51% CMPC 1,055 ▲ 2.43% BANCO CHILE 193.71 ▼ 1.57% LATAM AIR 24.74 ▼ 0.64% YPF 82,900 ▲ 1.94% GGAL 7,890 ▼ 1.56% PAMPA 5,555 ▲ 0.36% TXAR 655.50 ▲ 1.16% ALUAR 977.50 ▼ 0.20% TGS 10,050 ▲ 2.45% CEPU 2,396 ▼ 0.33% MIRGOR 16,350 ▼ 1.95% COME 44.03 ▼ 1.94% LOMA NEGRA 3,620 ▼ 1.76% BYMA 296.00 ▼ 0.34% TELECOM ARG 4,408 ▲ 2.14% ECOPETROL 16.77 ▼ 1.58% BANCOLOMBIA 92.52 ▼ 1.46% GRUPO AVAL 5.28 ▲ 2.75% CREDICORP 400.58 ▼ 0.42% SOUTHERN COPPER 182.71 ▼ 1.24% BUENAVENTURA 30.28 ▼ 4.96% MERCADOLIBRE 1,878 ▼ 0.41% NUBANK 14.33 ▼ 1.10% XP 17.06 ▼ 0.81% PAGSEGURO 9.64 ▼ 2.03% STONE 11.38 ▼ 0.48% GLOBANT 36.60 ▲ 0.58% TECNOGLASS 43.44 ▼ 0.34% GAP AIRPORT 217.35 ▼ 1.02% ASUR 275.62 ▼ 0.34% OMA AIRPORT 106.90 ▼ 1.10% AMX ADR 25.37 ▲ 0.18% FEMSA ADR 127.99 ▲ 0.97% CEMEX ADR 11.82 ▼ 0.92% PETROBRAS ADR 19.40 ▲ 1.46% VALE ADR 15.06 ▲ 0.47% ITAU ADR 8.46 ▲ 0.24% SANTANDER BR 5.67 ▲ 12.28% AMBEV ADR 3.11 ▼ 0.32% CSN 0.99 ▼ 2.42% GERDAU 4.96 — 0.00% LATAM ADR 52.75 ▼ 2.21% BTC 63,067 ▲ 0.48% ETH 1,855 ▲ 0.64% SOL 72.87 ▲ 1.40% XRP 1.08 ▲ 1.60% BNB 580.81 ▲ 1.02% ADA 0.19 ▲ 8.83% DOGE 0.07 ▲ 1.34% AVAX 6.57 ▲ 6.24% LINK 8.29 ▲ 2.87% DOT 0.80 ▲ 1.85% LTC 44.63 ▲ 1.01% BCH 212.04 ▲ 1.98% TRX 0.33 ▼ 0.39% XLM 0.17 ▲ 1.89% HBAR 0.07 ▲ 1.55% NEAR 1.70 ▲ 1.52% ATOM 1.25 ▲ 2.62% AAVE 90.96 ▲ 0.49% SELIC 14.25% EMBRAER 86.89 ▲ 0.87% EMBRAER ADR 68.33 ▲ 0.32% JBS 14.02 ▼ 1.89% JBS BDR 70.70 ▼ 2.01% MBRF3 17.54 ▼ 2.34% MBRFY 3.39 ▼ 2.31% INTER 5.60 ▼ 0.71% IBOV 177,999.00 ▲ 0.47% IPSA 11,016.85 ▼ 0.13% IPC MEX 66,935.53 ▼ 0.58% MERVAL 3,291,323 ▼ 0.41% COLCAP 2,392.10 ▲ 2.12% BVL PERÚ 57,890.85 — — USD/BRL 5.07 ▼ 0.09% USD/MXN 17.33 ▼ 0.01% USD/CLP 930.47 — 0.00% USD/COP 3,151 ▲ 0.93% USD/PEN 3.39 ▼ 0.01% USD/ARS 1,485 — 0.00% USD/UYU 40.20 ▲ 1.25% USD/PYG 5,931 ▲ 0.69% USD/BOB 12.10 ▲ 4.29% USD/DOP 57.99 ▲ 0.24% USD/CRC 448.40 ▲ 1.33% USD/GTQ 7.62 ▲ 2.25% USD/HNL 26.76 ▲ 1.53% USD/NIO 36.62 — 0.00% USD/VES 744.76 ▼ 0.41% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.19 ▲ 0.37% USD/TTD 6.72 ▲ 0.86% EUR/BRL 5.85 ▼ 0.37% BRENT 90.12 ▲ 1.22% WTI 84.67 ▲ 1.29% IRON ORE 161.91 — — COPPER 6.47 ▲ 0.33% GOLD 4,107 ▲ 0.17% SILVER 57.79 ▼ 1.75% SOY 1,188 ▲ 0.87% CORN 464.00 ▲ 4.09% WHEAT 639.25 ▼ 3.65% COFFEE 313.55 ▼ 2.94% SUGAR 14.65 ▲ 1.52% ORANGE JUICE 153.35 ▲ 5.03% COTTON 81.20 ▲ 2.25% COCOA 5,537 ▲ 8.31% BEEF 227.25 ▼ 1.72% CATTLE 343.78 ▼ 0.78% LITHIUM 69.22 ▼ 0.85% PETR4 43.42 ▲ 1.35% VALE3 76.28 ▲ 0.25% ITUB4 42.89 ▲ 0.35% BBDC4 18.43 ▲ 0.22% ABEV3 15.99 ▲ 0.19% BBAS3 21.35 ▲ 0.76% B3SA3 15.73 ▲ 0.64% WEGE3 47.20 ▲ 0.81% PRIO3 60.85 ▲ 1.48% SUZB3 43.32 ▲ 1.38% RENT3 37.61 ▼ 1.62% AZZA3 16.42 ▲ 3.53% CSAN3 4.07 ▲ 2.01% RAIZ4 0.26 — 0.00% PCAR3 2.59 ▼ 5.47% GMAT3 4.03 ▲ 1.26% PSSA3 54.70 ▲ 0.64% CVCB3 1.31 ▲ 0.77% POSI3 3.55 ▲ 0.85% SLCE3 13.38 ▲ 0.91% NATU3 8.38 ▲ 0.60% BRKM5 5.97 ▲ 0.67% RANI3 8.11 ▲ 1.00% CSNA3 4.84 ▼ 2.22% CMIN3 5.71 ▼ 0.17% USIM5 7.36 ▼ 2.52% GGBR4 24.98 — 0.00% ENEV3 26.31 ▲ 0.61% CPFE3 46.14 ▲ 0.11% CMIG4 11.34 ▲ 0.98% EQTL3 38.66 — 0.00% LREN3 13.60 ▲ 0.59% VIVT3 32.63 — 0.00% RAIL3 14.44 ▲ 1.12% KLABIN 18.25 ▲ 1.11% RAIA DROGASIL 18.48 ▲ 1.26% RDOR3 34.64 ▲ 0.64% HAPV3 11.28 ▲ 2.45% FLRY3 17.14 ▲ 1.00% SMTO3 14.52 ▲ 0.83% UGPA3 33.05 ▲ 0.39% VBBR3 36.05 ▲ 1.18% BBSE3 41.26 ▲ 0.98% BPAC11 56.80 ▲ 0.32% CURY3 30.09 ▼ 1.02% AERI3 2.15 ▲ 0.94% VIVARA 22.18 ▲ 0.09% COMPASS 24.84 — 0.00% VAMOS 3.34 ▼ 2.34% SANB11 28.62 ▲ 13.35% ASAI3 8.50 ▲ 1.07% SBSP3 27.70 ▲ 1.06% WALMEX 50.36 ▲ 0.34% GMEXICO 208.29 ▼ 2.20% FEMSA 221.95 ▲ 1.19% CEMEX 20.54 ▼ 0.73% GFNORTE 199.64 ▼ 0.32% BIMBO 62.08 ▲ 2.26% TELEVISA 9.79 ▼ 0.91% AMX 22.00 — 0.00% GAP 376.64 ▼ 1.08% ASUR 275.62 ▼ 0.34% OMA 231.05 ▼ 0.96% KOF 187.94 ▼ 0.14% GRUMA 258.23 ▼ 4.00% KIMBER 40.19 ▼ 0.17% SQM-B 62,700 ▼ 0.93% COPEC 6,350 ▲ 0.79% BSANTANDER 80.99 ▲ 0.36% FALABELLA 6,216 ▼ 0.06% ENELAM 87.99 ▲ 0.39% CENCOSUD 1,955 ▲ 0.51% CMPC 1,055 ▲ 2.43% BANCO CHILE 193.71 ▼ 1.57% LATAM AIR 24.74 ▼ 0.64% YPF 82,900 ▲ 1.94% GGAL 7,890 ▼ 1.56% PAMPA 5,555 ▲ 0.36% TXAR 655.50 ▲ 1.16% ALUAR 977.50 ▼ 0.20% TGS 10,050 ▲ 2.45% CEPU 2,396 ▼ 0.33% MIRGOR 16,350 ▼ 1.95% COME 44.03 ▼ 1.94% LOMA NEGRA 3,620 ▼ 1.76% BYMA 296.00 ▼ 0.34% TELECOM ARG 4,408 ▲ 2.14% ECOPETROL 16.77 ▼ 1.58% BANCOLOMBIA 92.52 ▼ 1.46% GRUPO AVAL 5.28 ▲ 2.75% CREDICORP 400.58 ▼ 0.42% SOUTHERN COPPER 182.71 ▼ 1.24% BUENAVENTURA 30.28 ▼ 4.96% MERCADOLIBRE 1,878 ▼ 0.41% NUBANK 14.33 ▼ 1.10% XP 17.06 ▼ 0.81% PAGSEGURO 9.64 ▼ 2.03% STONE 11.38 ▼ 0.48% GLOBANT 36.60 ▲ 0.58% TECNOGLASS 43.44 ▼ 0.34% GAP AIRPORT 217.35 ▼ 1.02% ASUR 275.62 ▼ 0.34% OMA AIRPORT 106.90 ▼ 1.10% AMX ADR 25.37 ▲ 0.18% FEMSA ADR 127.99 ▲ 0.97% CEMEX ADR 11.82 ▼ 0.92% PETROBRAS ADR 19.40 ▲ 1.46% VALE ADR 15.06 ▲ 0.47% ITAU ADR 8.46 ▲ 0.24% SANTANDER BR 5.67 ▲ 12.28% AMBEV ADR 3.11 ▼ 0.32% CSN 0.99 ▼ 2.42% GERDAU 4.96 — 0.00% LATAM ADR 52.75 ▼ 2.21% BTC 63,067 ▲ 0.48% ETH 1,855 ▲ 0.64% SOL 72.87 ▲ 1.40% XRP 1.08 ▲ 1.60% BNB 580.81 ▲ 1.02% ADA 0.19 ▲ 8.83% DOGE 0.07 ▲ 1.34% AVAX 6.57 ▲ 6.24% LINK 8.29 ▲ 2.87% DOT 0.80 ▲ 1.85% LTC 44.63 ▲ 1.01% BCH 212.04 ▲ 1.98% TRX 0.33 ▼ 0.39% XLM 0.17 ▲ 1.89% HBAR 0.07 ▲ 1.55% NEAR 1.70 ▲ 1.52% ATOM 1.25 ▲ 2.62% AAVE 90.96 ▲ 0.49% SELIC 14.25% EMBRAER 86.89 ▲ 0.87% EMBRAER ADR 68.33 ▲ 0.32% JBS 14.02 ▼ 1.89% JBS BDR 70.70 ▼ 2.01% MBRF3 17.54 ▼ 2.34% MBRFY 3.39 ▼ 2.31% INTER 5.60 ▼ 0.71%
since 2009
Sunday, August 2, 2026

Rio de Janeiro In-Depth - Brazil

The Little Brazilian NGO That Could: A Tale of Cold Incubation

By · May 27, 2019 · 4 min read

Daily Brief

The morning intel from across Latin America. Free.

By subscribing you agree to our privacy policy. We never share your email.

By Henry Montalto, Contributing Reporter

RIO DE JANEIRO, BRAZIL – The triumph and tribulation NGOs face throughout the world are, at the very least, mind-boggling. They range from harsh criticism from conservative politicians to complaints by the progressive elite that they never do enough.

The challenges are seemingly endless in times that have become increasingly futile. However, in spite of these difficulties, there is also great reward. For those who think outside the box, a unique style of entrepreneurship and philanthropy can be worth its weight in gold and silver.

Non-profit founders Paulo, Rodrigo, Adam, and Allen from left to right.
One-stop reference
Company Intelligence
Every listed company in Latin America — financials, ownership and structure for 1,450+ companies across 26 exchanges, in one place.
Browse the directory →

This is the story of a thirty-year-old dreamer turned favela business incubator. Adam Newman, from a calm and quiet small town in Colorado, is the president and co-founder of both Favela Inc, a non-profit organization, and Favela Experience, a profitable ecotourism business dedicated to showing the culture of the Rio hillside favela Vidigal.

Having visited over a hundred favelas across Rio and Brazil, he decided that Vidigal would be the pilot location for Favela Inc, his social impact NGO to improve the lives of those living in places neglected by society.

Having worked within 10 favelas around Rio and five years with his for-profit (Favela Experience), Adam saw something alarming, “I saw amazing people with incredible visions trying to make their community better, trying to create a sustainable organization and failing over and over again.”

He goes on to say “Seeing government, large corporations and organizations helping for a short term but failing to provide the actual skills and education for these residents to run an effective business and be successful, was very upsetting.”

How much lost potential do we see because of this? Well, the answer is: far too much. For this reason, Adam and his partners Rodrigo and Paulo decided that, besides generating revenue and visibility through tourism, why shouldn’t they help create something more?

They decided to create a non-profit entity (Favela Inc) that trains, educates, and equips those in business with the skills they need for success and independence, allowing them to go beyond the confines of government assistance, to be self-sufficient and grow to levels never seen within a Favela.

Who do they help, what are their stories, and is there success? “Our non-profit is a social impact incubator, we go into the community and try to identify the entrepreneurs, community leaders, innovators who are already positively impacting our community and we ask how we can make them better.”

Basically, Adam’s group is doing the opposite of what most NGOs and organizations do. Rather than looking for what’s broken, not functioning or missing in the community, it looks for positives, for things  that are working and can be improved.

They are looking at the substantial assets of favelas and how they can improve them. In Vidigal, their pilot ecosystem of empowerment seems to be working and even flourishing.

After a year, their Beta incubation process has five different organizations, a mix of entrepreneurs, community leaders, and non-profit founders who are all doing very well throughout the community. 

Isis Maria, a 22-year-old resident of Vidigal with a simple dream that seemed unimaginable for a young woman in a favela, has done something extraordinary: After a year’s training with Favela Inc, she now has a class of over 30 young students ranging from age eight to sixteen, with dozens of drums.

It all started with two plastic drums from a toy store and just three or four kids in the afternoon, meeting once or twice a week. Now Isis Maria has the ability to plan events, secure finances, and plan for the future of her non-profit.

Today her Batucavidi Percussion class is full of kids, and Isis has dreams and aspirations bigger than the moon. From performing percussion for major events in Vidigal with hundreds of people, to speaking at public events around Rio de Janeiro.

Favela Inc focused on a light at a very dark time. When most failures arise because we focus on this darkness, Adam, Rodrigo, Paulo, and Allen, along with countless volunteers, created this unique and special NGO to help improve the lives in this community.

Seven years in Vidigal, a favela community with very mixed demographics. A gringo Americano and an NGO that seems to be breaking boundaries on so many levels. Five businesses brought up from nothing.  A successful story in times of many failures, this is the little NGO that could, would and should keep going full steam ahead. 

 

Live Market IntelligenceBrazil — Live Market BoardInside: market breadth, the sector heatmap, currencies & rates, the Latin America scoreboard and the full instrument board.

Rio Times · Live Market Intelligence

Brazil — Live Market Board

B3 · São Paulo
Aug 2, 2026 · 10:06

Ibovespa · benchmark
177,999.00
+0.47%
+33.76% over 12 months

Market breadth · 14 names
86% advancing

12 ▲ advancing2 declining ▼

Currencies, rates & key inputs
USD / BRL
5.07
-0.09%

EUR / BRL
5.85
-0.37%

Selic rate
14.25%
·

Brent crude
90.12
+1.22%

Iron ore
161.91
·

Sector heatmap · average move today
Consumer Disc.
+3.53%
AZZA3

Energy
+1.42%
PETR4, PRIO3

Materials
+1.38%
SUZB3

Utilities
+0.61%
ENEV3

Financials
+0.49%
ITUB4, BBDC4, BBAS3, B3SA3

Consumer Staples
+0.19%
ABEV3

Industrials
-0.41%
WEGE3, RENT3

Mining
-0.66%
VALE3, CSNA3, GGBR4

Latin America scoreboard
IndexLastTodayStrength
IbovespaBrazil
177,999.00
+0.47%

S&P/BMV IPCMexico
66,935.53
-0.58%

S&P IPSAChile
11,016.85
-0.13%

S&P MERVALArgentina
3,291,323
-0.41%

MSCI COLCAPColombia
2,392.10
+2.12%

BVL S&P PerúPeru
57,890.85

Full instrument board
Instrument Last Change YoY Prev. High Low Volume
IBOV 177,999.00 +0.47% +33.76% 177,158.86
USD/BRL 5.07 -0.09% -8.98% 5.08 5.08 5.07
SELIC 14.25%
PETR4 43.42 +1.35% +33.03% 42.84 43.42
VALE3 76.28 +0.25% +42.69% 76.09 76.93 75.24 17,342,700
ITUB4 42.89 +0.35% +25.64% 42.74 43.30 42.89 10,279,600
BBDC4 18.43 +0.22% +18.67% 18.39 18.72 18.43 25,195,900
BBAS3 21.35 +0.76% +8.38% 21.19 21.36 21.06 28,506,400
B3SA3 15.73 +0.64% +25.04% 15.63 15.90 15.52 24,489,800
ABEV3 15.99 +0.19% +28.33% 15.96 16.10 15.85 38,246,000
WEGE3 47.20 +0.81% +27.19% 46.82 47.77 46.91 5,151,500
PRIO3 60.85 +1.48% +44.23% 59.96 61.08 59.82 7,176,700
SUZB3 43.32 +1.38% -16.93% 42.73 43.40 42.73 3,410,400
RENT3 37.61 -1.62% +8.61% 38.23 39.00 37.60 4,734,900
AZZA3 16.42 +3.53% -53.98% 15.86 16.49 15.89 1,833,000
CSNA3 4.84 -2.22% -39.65% 4.95 4.92 4.75 10,330,800
GGBR4 24.98 +0.00% +48.34% 24.98 25.33 24.98 5,788,500
ENEV3 26.31 +0.61% +95.61% 26.15 26.54 25.97 7,688,000

Largest moves today
AZZA3
16.42
+3.53%
CSNA3
4.84
-2.22%
RENT3
37.61
-1.62%
PRIO3
60.85
+1.48%
SUZB3
43.32
+1.38%
PETR4
43.42
+1.35%
WEGE3
47.20
+0.81%
BBAS3
21.35
+0.76%

The session read
The Ibovespa rose 0.47%, with breadth positive — 12 of 14 names higher. Consumer Disc. led, while Mining lagged.

Read More from The Rio Times

The Rio Times · Power Map
See who really holds power in Latin America
Click to open the Power Map

Rotate for Best Experience

This report is optimized for landscape viewing. Rotate your phone for the full experience.