Social Finance Round Up: New Social Impact Bond and Job Opportunities

SocialFinance.ca produces a weekly round up featuring social finance related news, insights, job openings, and events. We source the content for these round ups from Twitter, an RSS reader, and directly from our community of social finance practitioners. Below is our round up for the week of March 19, 2012.

Last Week on SocialFinance.ca

Bree Gardner posted a Video: Impact Investing: Saving Capitalism from Itself

Shizu Okusa posted The “Itch” Syndrome

Carola Schropp posted Defining Social Impact, Brick by Brick

Charlie Kuhn posted Measuring the Impact of Social Investing

Kalsoom Lakhani posted Invest2Innovate: Unlocking Pakistan’s Enterprise Potential

Canadian and International News

Partnering for Global Impact 2012 published their list of program participants this week. This international partnering conference facilitates transactions in social investing and philanthropy, and takes place July 9-10, 2012 in Lugano, Switzerland. SocialFinance.ca is a proud media sponsor for the conference and is hosting a webinar featuring Cornelius Pietzner, Kelly Clark, and Betsy Martin in conversation, moderated by Audrey Selian on Monday, March 26 at 12PM (noon) EDT. This is a unique opportunity to engage with leading investors and advisors in the field of impact investing in Europe, the UK and Canada. The webinar will focus on challenges being faced in impact investing, particularly concerning metrics and deal flow.

Federal government and non-profits inch toward issuing social impact bonds. “We are working on behalf of Canadians to reach out to innovative organizations, test new approaches that will build upon our current efforts and potentially unlock new sources of capital to address social challenges in our communities,” says Alyson Queen, spokeswoman for Human Resources Minister Diane Finley.

Anne Field, contributor to Cisco’s Technology News Site, reports on the latest news on exchange markets for social good, including the Toronto-based Social Venture Exchange (SVX), New York-based Mission Markets, and Singapore-based Impact Investment Exchange Asia (IIX) and Impact Partners.

The Mark News presents a special series featuring testimonials by pioneering Canadian B Corps. The first in this series is by Tom Heintzman, President and co-founder of Bullfrog Power Inc., which recently became a founding Canadian B Corporation.

Assiniboine Credit Union joins global group of leading sustainable financial institutions – Kevin Dorse explains why this is big news.

Members of Manchester City Council’s executive backed the Multi-systemic Treatment Foster Care pilot project this week. This scheme is funded through a Social Impact Bond, and will improve the outcomes of looked after children while saving money.

Nobel Laureate Professor Muhammad Yunus visits Scotland to discuss Grameen’s expansion to poverty-stricken areas in the UK.

UK business secretary Vince Cable announces that a substantial green investment bank run from Edinburgh, Scotland will attract billions of pounds in funding for new renewables projects.

Citi Communitiy Capital (Citi), the community development lending and investing group of Citi, and SJF Ventures announced the initial closing of the first nationally-focused Impact Investment SBIC fund, SJF Ventures III, LP.

An impact investment angel network, Clearly Social Angels, was launched in the UK last week.

The Good Analyst: Impact Measurement and Analysis in the Social-Purpose Universe by Adrian Hornsby, was recently published by Investing for Good. It includes methods and guidelines for how to measure and report social impact.

Co-operatives United World Festival and Expo 2012 launched their website this week. This is the culminating event of the International Year of Co-operatives, and brings together conferences, workshops, new films, and exhibitions.

Global Reporting Initiative released its Sustainability Report 2010/2011

Confirmed Speakers for PYMWYMIC (Put Your Money Where Your Mouth Is Community) Impact Days, April 2 & 3, Amsterdam

Social Finance Learning and Best Practices

Interview: Ben Hughes. The Community Development Finance Association chief executive outlines his vision for social lending.

Details Matter: Insurance Makes Sense, So Why Isn’t it More Popular? asks Jonathan Buachet

Indian Microfinance: Looking Beyond the AP Act and its Devastating Impact on the Poor. What went wrong, and what is necessary to restore the credibility of the Indian microfinance sector and the government’s commitment to achieving financial inclusion for India’s 450 million “unbanked people”.

CauseWay is a new program of the sixth annual Sustainable Brands conference. Sponsored by Causes.com, this program is designed to help the Sustainable Brands community move from cause marketing to robust cause-related partnerships.

David Carleton from Catalyst Kitchens shares his experience of how social enterprises can have good relationships with big businesses.

Smallknot is a new venture, currently only operating in Brooklyn with plans to expand, which facilitates loans to local small businesses. It’s a mix between a crowdfunding site and a microfinance service.

Knowledge@Wharton reports on the leading concerns of the microfinance sector in TIME.

In “Equity investment in nonprofits spurs returns“, Philanthropy Journal looks at the interesting results of the Nonprofit Finance Fund’s NFF Capital Partners reportage and campaigns.

This post on NEXII’s blog discusses the difficulty faced by early-stage social enterprises looking to access the finance to support and scale operations.

IRIN Global reports on a discussion about “Microfinance – possibilities and limitations” hosted by the UK’s Overseas Development Institute

A new study shows sustainable banks are outperforming traditional mainstream banks on financial indicators such as return on assets, growth in loans and deposits, and capital strength.

An article about Tracy Palandjian, CEO and co-founder of Boston-based Social Finance (sister organization of the U.K.-based Social Finance, Ltd.), discussing Social Impact Bonds (SIBs) at the Wharton Social Impact Conference. http://knowledge.wharton.upenn.edu/article.cfm?articleid=2956

In this video, Dr Alex Nicholls, of the Skoll Centre for Social Entrepreneurship, Oxford, discusses the broad definition of social enterprise, how it is changing, and more.

Is Micro Too Small? Microcredit vs. SME Finance” discusses a recently published paper by two NYU economists.

Jobs and Opportunities

Rise Asset Development is looking for a Loan Coordinator on a six month contract (renewable). Interested candidates are invited to forward their resume and cover letters, in confidence, to jobs@rotman.utoronto.ca

Social Capital Partners is seeking an enthusiastic individual to join the team for an internship position this summer. Apply by Friday, March 30, 2012, 5PM by emailing a resume and cover letter to careers@socialcapitalpartners.ca. Please include “Internship Application” in the subject line of your email.

LGT Venture Philanthropy is looking for a Business Accelerator Consultant to work with LGT VP’s Impact Ventures Accelerator Program in Indonesia. Find out more about the opportunity and apply by April 30, 2012.

The Shareholder Association for Research and Education (SHARE) is seeking a Programme Officer for the Global Unions Committee on Workers’ Capital (CWC). Please submit a cover letter and resume by 5pm PST on 23 March 2012 by email to jobs@share.ca or by fax (604) 408-2525. Kiva announced their internship and volunteer program for April 2012.

Microfinance Information Exchange (MIX) is seeking a Marketing Communications Associate

Social Enterprise Student Competition: Submit a 1000 word business plan by April 2nd, 2012 to partner with a leading social innovator and compete at OCE’s Discovery 2012 Conference, May 14-15

Upcoming Events

Enterprising Non-Profits (Alberta): Building Your Social Enterprise Workshop
March 20, 2012, Sylvan Lake, AB

NYU Series on Impact Investing: Measuring Impact
March 20, 2012, New York

100 WHF-Stanford PACS Conference 2012
Mar 23, 2012, The Boston Harbor Hotel, Boston, MA

Investors’ Circle Spring Venture Fair
April 22-24, San Francisco

Partnering for Global Impact: Webinar
12pm EDT, March 26, 2012

The Social Enterprise Exchange
March 27, 2012, Scottish Exhibition and Conference Centre, Glasgow, Scotland

3rd Annual Impact Conference
22-25 April, 2012, Miami, Florida

Cracking the Nut 2012 Conference
June 25-26, 2012, Enrique V. Iglesias Conference Center, Washington, DC

The Social Enterprise World Forum (SEWF) – Fórum Mundial de Negócios Sociais 2012
October 16-18, 2012, in Rio de Janeiro, Brazil

Did we miss any news, insights, or events? Use the comment form below to add to this round up.

Photo credit: http://www.flickr.com/photos/benimoto/603815615/

Recommended for you

blog comments powered by Disqus