Homelessness is reaching levels that should not be tolerated in one of the richest countries in the world. California is home to one-fifth of the nation’s homeless people. Hawaii has a higher per-capita rate of homelessness than any other state. Portland and Seattle have declared a state of emergency as they would for a natural disaster.
Less than 1 percent of refugees are resettled to third countries, and those that flee to neighbouring countries to a conflict are normally confined to camps, where they aren’t given access to formal labour markets, are not legally allowed to work and are not legally allowed to start their own businesses, except in rare circumstances.
Just 16% of autistic adults are in full-time paid employment, despite the vast majority saying they want to work. This beer company aims to help.
Through their technology they will be ensuring that fair-trade payments are made to coffee farmers in Congo, Rwanda and other emerging markets where coffee beans are farmed
Our aim is to empower a market of 2 billion people who cur-
rently don’t have access to banking across the world. Almost half the
world — over three billion people — live on less than $2.50 a day.
At least 80% of humanity lives on less than $10 a day. More than
80 percent of the world’s population lives in countries where income
differentials are widening
The three-year bond, called M-Akiba, can be bought by phone users without any need for a bank account. The issue is likely to be monitored by treasuries in other emerging economies, most of which would like to broaden sources of borrowing beyond banks and other financial institutions.
The SIB will support a range of employment measures, including skills training, psychosocial support, and intermediation services for job placement and retention for 514 vulnerable individuals. While two Development Impact Bonds (DIBs) have been implemented in Peru
and India, a distinguishing feature of a SIB is that the outcome funder is a government entity. The Colombian Government’s Department of Social Prosperity (Prosperidad Social) will provide a portion of the outcome funds.