Yunus Social Business - Global Initiatives committed to pilot the Social Success Note

Yunus Social Business - Global Initiatives committed to pilot the Social Success Note

October 2, 2015

COMMITMENT TO ACTION

Social Success Note to Leverage Social Good Financing

Commitment by Yunus Social Business - Global Initiatives

IN 2015, YUNUS SOCIAL BUSINESS COMMITTED TO PILOT THE SOCIAL SUCCESS NOTE (SSN). DEVELOPED IN PARTNERSHIP WITH THE ROCKEFELLER FOUNDATION, THE SSN IS AN INNOVATIVE, RESULTS-BASED FINANCING INSTRUMENT THAT ADDRESSES THE INVESTMENT GAP FOR IMPACT-ORIENTED SMES AND SOCIAL BUSINESSES. THE NOTE WILL ACHIEVE THIS BY PRICING SOCIAL OUTCOMES AND TRANSFERRING THE VALUE OF THESE SOCIAL OUTCOMES IN THE FORM OF AN ADDITIONAL RETURN FROM AN OUTCOME PAYER (PHILANTHROPIC ENTITY) TO A MAINSTREAM INVESTOR, IF AND ONLY IF THE SOCIAL BUSINESS INVESTMENT DELIVERS THOSE SOCIAL OUTCOMES. LEARNINGS FROM THE PILOT WILL BE SHARED WITH THE BROADER IMPACT COMMUNITY IN THE HOPES OF CATALYZING A SSN ECOSYSTEM THAT WOULD ALLOW MAINSTREAM CAPITAL TO ADEQUATELY FUND SOCIAL BUSINESSES RELATIVE TO WHAT TRADITIONAL INTERNAL RATE OF RETURN (IRR) INVESTMENT HURDLE RATES WOULD ALLOW.

Yunus Social Business and The Rockefeller Foundation commit to create the first demonstrable pilot of the SSN, with the aim of ultimately catalyzing the creation of a SSN ecosystem.

Yunus Social Business accelerates and finances social businesses across seven countries, enabling entrepreneurs to solve social problems in a financially self-sustainable way. Over the period of the commitment, it will leverage its network to identify the most appropriate partners (social business, outcome payer, and investor) for the pilot. Yunus Social Business will also structure and implement the transaction. Learnings from the pilot will be shared with the broader impact community to catalyze a SSN ecosystem that would allow mainstream capital to adequately fund social businesses in comparison to what traditional internal rate of return (IRR) investment hurdle rates would allow.

Apart from funding this effort, The Rockefeller Foundation will leverage its expertise (both technical and legal) and influence to help realize the proof-of-concept and scaling of this innovative financing solution. The Rockefeller Foundation will also actively explore the possibility of being an outcome payer in the first pilot, as well as pathways for scaling the SSN more broadly through institutional structures.

- See more at: https://www.clintonfoundation.org/clinton-global-initiative/commitments/social-success-note-leverage-social-good-financing#sthash.Fs31zLtm.dpuf

Previous post

There is no previous post

Next Post

There is no next post

Yunus Social Business participate in Social Business Day in Dhaka, Bangladesh and online

YSB-Albania participated in three regional seminars

YSB, Virgin Unite & Clinton Foundation Launch Haiti Forest Initiative!

YSB & AfDB launch HSBM in Africa during National Conference

Saskia speaker at launch event of the Global Impact Insitute in London in July

Saskia nominated as Young Leader of the German-American network Atlantik Brücke

Saskia Bruysten at Hong Kong Social Entrepreneuship Summit (SES) 2012

Grameen Danone Foods Ltd – Nutrition

Muhammad Yunus: Interview with the Economist

Prof. Yunus and YSB in New York

Read our first blog in the Huffington Post!

Membership into EVPA

Grand Opening: Ferme Avicole Entrepreneurs Sociaux de Nicolas

The Power of Social Business - A report co-authored by BCG and Yunus Social Business

Saskia Our CEO in 'The Wired Smart List 2013'

Singularity University and YSB Partner To Impact Global Development

Interview with YSB's CEO Saskia Bruysten in Remarkable Magazine

YSB partners with BCG to advance social business

Interview with our CEO Saskia Bruysten in Frankfurter Allgemeine Zeitung

Berliner Morgenpost Interview with Saskia and Sophie

Research: The Power of Social Business

Our Training Week 2018: Hyderabad & Bengaluru

Prof. Muhammad Yunus Releases New Book "A World Of Three Zeros"

Our Week In Davos

A Warm Welcome to Berlin: The Office Launch Party

Yunus addresses 1,300 youth leaders at One Young World Summit in Bangkok

First National Conference on Social Business held in Albania

YSB presents the Social Success Note in partnership with The Rockefeller Foundation

Prof. Yunus visits Haiti Oct. 12-15

YSB 10 Years Celebration: Here's What Happened!

10 Years Of Social Business: Anniversary Report

Yunus Social Business Turns 10 Years Old!

6 Female Founders Changing the World with Social Business.

We've been featured in the Hauck & Aufhäuser Magazine (German)

The Need of the Hour Amid COVID-19

Join Yunus Social Business on the Global Climate Strike this Friday!

Why Now? Is the Social Business Movement Reaching A Tipping Point?

Ist „#Social“ das neue „#Digital“? Unsere Gründerin Saskia Bruysten schreibt in Capital Magazin

What are the Yunus Social Business team listening to? We list our favourite podcasts.

It goes without saying, we are living through unprecedented times.

Corona Pandemic: Time Is Running Out Fast, A Letter From Prof. Muhammad Yunus

Yunus Social Business Co-Initiates New Alliance With World Economic Forum to Help Social Entrepreneu

“Going Back to That World Is Equal to Committing Suicide.” - Professor Muhammad Yunus on the Opportu

The Quick Social Business Christmas Gift Guide

The Life-Savers Now Need Saving

COVID Response Alliance for Social Entrepreneurs, Initiated by YSB and WEF’s Schwab Foundation

Building The COVID-19 Response Alliance for Social Entrepreneurs

YSB Launches Coursera Courses: Education For A World of Three Zeroes

Why you should join impact investing? My first 100 days at Yunus Social Business.

Already in the crucial latter half of my 20s, I was seeking opportunities where I could accelerate the growth of my personal and professional capital more than my financial capital.

Fuelling social-business entrepreneurship in Kenya and beyond

Imagine that when you cook a meal, your only means of doing so is by lighting an open fire inside your kitchen. Thick plumes of black smoke fill the room where you and your family cook and eat every evening. Since this is your only means of cooking, you pay significant amounts every year to buy the fuel for it.

Dutch Postcode Lottery Commits to Social Business in Colombia

On February 15th the annual Dutch National Postcode Lottery #GoedGeldGala was held in Amsterdam.

Social Business Day 2018 Roundup. Bengaluru, India

Our Project Intern Philine played a crucial role in putting together Social Business Day 2018, hear from her how it all came together.

Meet the 8 social businesses of the MAN Impact Accelerator’s third Cohort

This week, we’re proud to announce the newest cohort of our MAN Impact Accelerator. 8 high impact social business startups revolutionizing the mobility and logistics sector were selected from a pool of over 300 applications for its third cohort.

Remote Work is Here to Stay

The work culture of our Corporate Team at YSB has always been geared towards remote working. This allows us to keep ahead of the curve in these ‘digital nomadic’ times by providing flexibility and autonomy to our employees.

Cookie Consent

We use cookies to provide necessary website functionality, improve your experience and analyze our traffic. By using our website, you agree to our Privacy Policy and our cookies usage.