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Social Enterprise Lending
Social enterprise lending is a form of social finance which refers to the practice of offering loans and other financing vehicles below current market rates to social enterprises and other organisations pursuing social goals. This is often referred to as "patient lending," or financing with "soft" terms. Patient lending recognises that projects with social outcomes often reach profitability later than commercial projects. Softening the terms of a loan means that a social lender may offer provisions such as longer loan terms, lower interest rates and repayment "holidays" where capital and interest repayments are not due until the project is profitable. Social lenders might also offer small grants as part of an investment package. History and development Social lending and social investors increased in popularity and number in the 1990s, in part as a reaction to the trend within charities, social enterprises and other voluntary and community organisations towards increasing their p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Finance
Social finance is a category of financial services which aims to leverage private capital to address challenges in areas of social and environmental need. Having gained popularity in the aftermath of the 2008 Global Financial Crisis, it is notable for its public benefit focus.Organisation for Economic Co-operation and Development. �New investment approaches for addressing social and economic challenges.�� ''Science, Technology and Industry Policy Papers''. By Karen Wilson, 1 Jul 2014, pp. 41-81. Mechanisms of creating shared social value are not new, however, social finance is conceptually unique as an approach to solving social problems while simultaneously creating economic value. Unlike philanthropy, which has a similar mission-motive, social finance secures its own sustainability by being profitable for investors.Canada, Department of Employment and Social Development''Harnessing the power of social finance''.2 May 2013, pp. 10-26. Capital providers lend to social enterprises who ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Futurebuilders England
Futurebuilders England was a social investment fund in the UK. The fund was invested in third sector organisations delivering public services to improve their financial and strategic capability. Background Government responsibility for Futurebuilders lies within the Office for Civil Society within the Cabinet Office. The fund was managed by Social Investment Business. Purpose The fund aimed to strengthen the third sector's role in public service delivery through investing in schemes that demonstrated the added value that the sector could contribute to improving public services. Emphasis was put on loan finance, evaluation and knowledge management and sharing. The Government's aims for Futurebuilders programme were to: * Overcome obstacles to efficient service delivery * Modernise the third sector for the long term * Increase both the scope and scale of voluntary and community sector service delivery History Futurebuilders was one of the recommendations in the Treasury’ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Socially-responsible Investing
Socially responsible investing (SRI), social investment, sustainable socially conscious, "green" or ethical investing, is any investment strategy which seeks to consider both financial return and social/environmental good to bring about social change regarded as positive by proponents. Socially responsible investments often constitute a small percentage of total funds invested by corporations and are riddled with obstacles. Recently, it has also become known as "sustainable investing" or "responsible investing". There is also a subset of SRI known as " impact investing", devoted to the conscious creation of social impact through investment. In general, socially responsible investors encourage corporate practices that they believe promote environmental stewardship, consumer protection, human rights, and racial or gender diversity. Some SRIs avoid investing in businesses perceived to have negative social effects such as alcohol, tobacco, fast food, gambling, pornography, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Return On Investment
Social return on investment (SROI) is a principles-based method for measuring extra-financial value (such as environmental or social value not currently reflected or involved in conventional financial accounts). It can be used by any entity to evaluate impact on stakeholders, identify ways to improve performance, and enhance the performance of investments. The SROI method as it has been standardized by Social Value UK provides a consistent quantitative approach to understanding and managing the impacts of a project, business, organisation, fund or policy. It accounts for stakeholders' views of impact, and puts financial 'proxy' values on all those impacts identified by stakeholders which do not typically have market values. The aim is to include the values of people that are often excluded from markets in the same terms as used in markets, that is money, in order to give people a voice in resource allocation decisions. Some SROI users employ a version of the method that does n ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ethical Banking
An ethical bank, also known as a social, alternative, civic, or sustainable bank, is a bank concerned with the social and environmental impacts of its investments and loans. The ethical banking movement includes: ethical investment, impact investment, socially responsible investment, corporate social responsibility, and is also related to such movements as the fair trade movement, ethical consumerism, and social enterprise. Other areas of ethical consumerism, such as fair trade labelling, have comprehensive codes and regulations which must be adhered to in order to be certified. Ethical banking has not developed to this point; because of this it is difficult to create a concrete definition that distinguishes ethical banks from conventional banks. Ethical banks are regulated by the same authorities as traditional banks and have to abide by the same rules. While there are differences between ethical banks, they do share a desire to uphold principles in the projects they finance, th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Finance
Social finance is a category of financial services which aims to leverage private capital to address challenges in areas of social and environmental need. Having gained popularity in the aftermath of the 2008 Global Financial Crisis, it is notable for its public benefit focus.Organisation for Economic Co-operation and Development. �New investment approaches for addressing social and economic challenges.�� ''Science, Technology and Industry Policy Papers''. By Karen Wilson, 1 Jul 2014, pp. 41-81. Mechanisms of creating shared social value are not new, however, social finance is conceptually unique as an approach to solving social problems while simultaneously creating economic value. Unlike philanthropy, which has a similar mission-motive, social finance secures its own sustainability by being profitable for investors.Canada, Department of Employment and Social Development''Harnessing the power of social finance''.2 May 2013, pp. 10-26. Capital providers lend to social enterprises who ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Social Enterprise Investment Fund
The Social Enterprise Investment Fund (SEIF) was a United Kingdom Department of Health fund which provided investment to assist social enterprises delivering health and social care services. Established in 2007 with funding of £100 million, it provided grants and loans until 2011, with a further £19 million proposed in 2012. From June 2009, the fund was managed on behalf of the Department for Health by a consortium consisting of Futurebuilders England and Partnerships UK. Context The Government's vision for reform in health and social care services includes developing a provider market that is increasingly plural and diverse. This sets the context for new kinds of organizations to emerge, including social enterprises which provide more choices for patients and a higher quality, more responsive service. The White Paper'Our Health, Our Care, Our Say' (January 2006)identified social enterprises as key means of delivering high quality health and social care services tailored to t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charities Aid Foundation
The Charities Aid Foundation (CAF) is a registered UK charity that operates in the United Kingdom, the United States of America and Canada. It works with companies, private philanthropists, regular donors, fellow foundations, governments, charities and not-for-profit enterprises to enable them to give more. Its stated purpose is to “accelerate progress in society towards a fair and sustainable future for all.” In late 2021, CAF was listed by the UK Charity Commission as the country’s fourth largest charity by income. It serves as regulatory experts to ensure funds reach charities and social enterprises as quickly and safely as possible via its charity validation which enables effective cross-border giving. CAF also wholly owns CAF Bank, a fully regulated bank that serves more than 14,000 UK-based charities and social enterprises. CAF is known for its independence, expertise, and international reach, leading an international network of like-minded charitable organisati ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Big Society Capital
Big Society Capital Limited (BSC) is an independent social investment institution in the United Kingdom, which provides finance to organizations that support front-line social sector entities to help them grow. Synopsis Social investment is about lending or investing money to achieve a social, as well as, financial return. BSC was the world's first social investment institution of its kind, established in April 2012 by the Cabinet Office of the Cameron-Clegg ministry. It launched as an independent organisation with a £600m investment fund.Big Society fund launches with £600m to invest 4 April 2012. The investment fund comes from dormant bank accounts via an independent Reclaim ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Co-operative Bank
The Co-operative Bank plc is a retail and commercial bank in the United Kingdom, with its headquarters in Balloon Street, Manchester. The Co-operative Bank is the only UK high street bank with a customer-led Ethical Policy which is incorporated into the Bank's Articles of Association. The Ethical Policy was introduced in 1992 and incorporated into the Bank's constitution in 2013. The Ethical Policy was revised and expanded in 2015 in line with over 320,000 customer responses to a poll. The latest Values and Ethics report was published in May 2020. The Bank does not provide banking services to organisations that conflict with customers’ views on a comprehensive range of issues, for example: human rights, environmental stability, international development and animal welfare, or those involved in irresponsible gambling or payday lending as stated in its ethical policy. Despite its name, the bank has never been a cooperative itself, although it was partly owned by The Co-operat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Trade Union
A trade union (labor union in American English), often simply referred to as a union, is an organization of workers intent on "maintaining or improving the conditions of their employment", ch. I such as attaining better wages and benefits (such as holiday, health care, and retirement), improving working conditions, improving safety standards, establishing complaint procedures, developing rules governing status of employees (rules governing promotions, just-cause conditions for termination) and protecting the integrity of their trade through the increased bargaining power wielded by solidarity among workers. Trade unions typically fund their head office and legal team functions through regularly imposed fees called ''union dues''. The delegate staff of the trade union representation in the workforce are usually made up of workplace volunteers who are often appointed by members in democratic elections. The trade union, through an elected leadership and bargaining committee ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government-backed Loan
A government-backed loan is a loan subsidized by the government, also known as a Federal Direct Loan, which protects lenders against defaults on payments, thus making it a lot easier for lenders to offer potential borrowers lower interest rates. Its primary aim is to make home ownership affordable to lower income households and first-time buyers. There are numerous types of government-backed loans, which vary dependent on the country and status of the borrower. Arguably, the most widely known type of government-backed loan is the US Federal Housing Administration FHA loan, in existence since 1934. Other types of government-backed loans include the following: * American Dream Downpayment Initiative - ADDI * Good Neighbor Next Door * HOPE VI * Teacher Next Door Program * VA loan A VA loan is a mortgage loan in the United States guaranteed by the United States Department of Veterans Affairs (VA). The program is for American veterans, military members currently serving in the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
