What if you could get a money-back guarantee when funding impact?
Ten years ago, the first Social Impact Bond (SIB) was launched, kickstarting a movement for impact investing and outcomes-based financing for social impact organisations all over the world. By adapting the SIB model to the Asian context and building on hard won lessons in the field, a new evolution in social impact financing models called the Social Impact Guarantee (SIG) has been launched in Singapore, in support of a YMCA program re-integrating youths-at-risk into society though education or employment.
Through this SIG, impact-minded funders are offered a money-back guarantee on their funding while enabling social service providers to try new innovations. In the long term, SIGs can stimulate a new wave of sophisticated management of impact risk for public, private, and philanthropic funders alike.
In this webinar, find out more about the Social Impact Guarantee that can be used to help stretch funder dollars and capacity build to amplify social impact.