I am interested in social finance because it levers existing and new funds to improve society's ability to tackle social, economic and environmental challenges. Social finance is a creative response to the dominant challenge of the social sector - access to capital - a challenge that will only get worse.
Social finance is the financial architecture emerging in Canada and elsewhere to service the financial requirements of social enterprises, social purpose businesses, entrepreneurial non profits; and their granters, investors and lenders. This involves providers of capital as well as intermediary organizations who broker funds; manage risk; measure impact and results; create financial products, services and new pools of capital designed with our financial and mission interests.
PLAN the organization I co-founded 20 years ago does not accept government funding for our operation. That has led me on an exciting journey to discover new approaches to thrive financially. As a social worker it took me a long time to appreciate and learn how money works. I'm glad I did. Social finance uses existing revenue far more efficiently than I ever imagined. It also taps into new sources of capital using methods adapted from the private sector.