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The Rockefeller Foundation and Yunus Social Business introduce the Social Success Note

By

Grace Ng

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Following the Social and Development Impact Bonds, EVPA members Rockefeller Foundation and Yunus Social Business are introducing a new results based instrument to fund social business, where payments are made by a foundation upon the reach of predefined outcomes.  The Social Success note allows capital to flow into underfunded sectors deemed traditionally too risky or unprofitable for mainstream capital.
Yunus Social Business (YSB) and The Rockefeller Foundation are working together to launch the pilot in 2016 with one of YSB’s investment-ready social businesses.

You can find out more about the initiative here.

social success note

References

A. Environmental Stewardship
To protect the environment, we organize programmes like mangrove nursery and Reforestation, Coastal and River Clean-Up, Community Based Environmental Solid Waste Management, Environmental IEC Campaign and Eco-Academy

B. Food Security and Sustainable Livelihood
To ensure a sustainable livelihood for the community, eco-tourism include Buhatan River Cruise Visitor Center Buhatan River Mangrove Boardwalk are run by the community. Others include Organic Vegetable and Root crops Farming, Vegetable and Root crops Chips and by-products Processing and establishing a Zero waste store.

C. Empowered Communities
To empower the community, we provide product and Agri-Enterprise Development Training, Immersion and Learnings Exchange Program, Earth Warrior Training and Community Based Social Entrepreneurship Training

Author

Grace Ng

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