In the December 2, 2013 issue of Forbes, Randal Lane published a detailed list of the 50 philanthropists who had given away the most money (not pledged) in 2012. After reviewing the data we asked ourselves, who actually C.A.R.E.S. the most, and was actually “Giving While Living” ?
Kiva Zip and FundWell Partner to Provide Crowd-Funded, Interest Free, Community Impact Loans for Small Business Owners
Kiva Zip, a pilot program run by non-profit Kiva.org, provides small, crowd-funded business loans to financially excluded entrepreneurs in the United States and Kenya. Kiva Zip employs a model of “trust-based underwriting” so that small business owners can achieve social impact in their local economy. Read about some of those achievements in 2013 here!
In 2014, Kiva Zip aims to expand its program by growing the number of borrowers who access these interest-free loans. To do so, we will partner with like-minded organizations that can introduce us to new entrepreneurs who could benefit from our platform. Kiva Zip’s newest partner in this arena is FundWell.
FundWell is a small business loan-matching and financial wellness website that helps match borrowers in the United States with lenders, educates them about the right loan product, helps them prepare and submit loan applications, and improves their financial wellness and fundability in order to access more capital at lower interest rates over time.
Impact Fund Invests in aquaculture ventures with the aim of reducing environmental risks, boosting output to feed a protein-hungry world and preserving our oceans.
Sustainable Seafood Startups Compete for $75,000 in Prizes and Impact Investments, aim to cut waste, shorten seafood supply chains and increase transparency, giving retailers and consumers more confidence in the freshness, quality, species, and sustainability of the products they buy.
Social impact bonds, a relatively new type of philanthropic investment is coming into vogue, allowing donors to put money in social impact programs, which have specific and tangible goals, and make money back only if those goals are met.
Its biggest test just launched in Massachusetts…
New online trading platform would help investors and business place a financial worth on environmental and societal assets.
Until recently the idea of both investing in a grassroots project in the world’s poorest corners and hoping to turn a reasonable profit were seen as mutually exclusive. If you wanted to help you donated to charity. If you wanted to invest you looked for a more traditional opportunity.
Times have changed. Growing investor interest in philanthropic investing is being matched by increasing opportunities for profit.
Q: When social entrepreneurs have developed a program, demonstrated its effectiveness, and are ready to take it to scale, what do they do?
A: Social Impact Bonds (SIBs) may be one solution to the challenge of securing sufficient multi-year funding to make a preventive program available to all who can benefit.