Paying for Results: Can Banks and Investors Finance Social Success?

Tuesday, February 11, 2014

Joe Finn, the executive director of the Massachusetts Housing and Shelter Alliance has been one of many non-profit directors excited about a popular new system meant to help both cities and banks, by allowing them to team up on social programs. The programs, known as pay-for-success contracts or social impact bonds, are supposed to impose capitalist discipline on the chaotic, often untested world of social work.

Source: The Guardian (link opens in a new window)

Categories
Entrepreneurship, Impact Assessment
Tags
banking, financial innovation, impact investing, social impact