How a restaurant chain pioneered a social impact bond to fight malaria
Friday, November 1, 2013
Why would a restaurant chain get involved in malaria work? How did they choose to launch a creative financial instrument?
Devex Impact asked Sherwin Charles, a director at Nando’s who now is working full time on the company’s malaria campaign, including the bond, and David Stern, a global strategist for Nando’s who is also playing a key role in the company’s malaria work.
They said the bond should be up and running by the second quarter of 2014, though a team is already on the ground and Nando’s is financing the work done so far. They have received some tentative commitments from potential investors, who they define as foundations and wealthy individuals.
Here are a few excerpts from our conversation:
- Health Care