The Best Social Entrepreneur Of Our Generation

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The Best Social Entrepreneur Of Our Generation

As a social entrepreneur, Haji was rare: a big dreamer with the pragmatism of a dutiful MBA. For her, the business ideas worth pursuing were those that changed people’s lives, in ways you could actually measure. Like SaveUp, a clever rewards-based financial app and her most recent company (she was CEO). In its first two years, SaveUp has helped Americans pay down $856 million of debt and increase savings by $1.2 billion.

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via fastcoexist.com

Social Impact Bonds: Solving Government Problems in Four (Not So) Easy Steps

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Social Impact Bonds: Solving Government Problems in Four (Not So) Easy Steps

Today’s deals are mainly efforts to fund well-intentioned programs that are appealing to all parties to the transaction: the government, investors, and social service providers. But in order to satisfy the interests of all parties whose incentives are not aligned, rather than creating real reform, they end up funding the lowest common denominator — something that sounds good, is low risk, but does not solve big problems.

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via huffingtonpost.com

Smart Aid for the World’s Poor

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Smart Aid for the World's Poor

Mr. Lomborg got a group of 60 leading economists to work through all the OWG’s putative development targets for 2030 (there were more than 200 of them at the time), making a quick assessment of which were good value for money. At the conclusion of this process, the group had 27 “phenomenal” green values and 23 “poor” red values, with all the rest in between.

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via online.wsj.com

How to balance making a difference with making a profit

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How to balance making a difference with making a profit

In a world driven by the bottom-line, social start-ups must continually find new ways to maximize their effectiveness and increase their impact. While many of them are uniquely positioned to “do good” and affect change in the world, their success hinges on their ability to make effective use of available resources, partnerships and social structures

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via m.washingtonpost.com

Social Impact Bonds: Phantom of the Nonprofit Sector

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Social Impact Bonds: Phantom of the Nonprofit Sector

What issue could bring Senator Ted Cruz (R-TX) and Senator Al Franken (D-MN) into bipartisan partnership? Social impact bonds (SIBs)—or pay-for-success (PFS), depending on one’s preferred terminology. Both legislators have been effusive about the reauthorization of the Workforce Innovation and Opportunity Act (WIOA), and Franken seems to have made workforce development one of his top priority issues. A core component of WIOA noted by many of its supporters was the legislation’s $300 million commitment to pay-for-success programming aimed boosting effective, evidence-based efforts in job training.

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via nonprofitquarterly.org