World first crowdfunded social impact bond launches

An Israeli social enterprise is utilising the power of crowdfunding to raise capital for a new social impact bond that will tackle loneliness in elderly people.   

While social impact bonds (SIBs) – which link the funding of a project to its impact on society – are usually solely funded by large investors, this SIB is believed to be the first in the world to use crowdfunding.  

Anchor investors and philanthropic funds have already contributed NIS 1.6 million (A$653,000) for the SIB, but advocates hope to raise another NIS 700,000 (A$285,000) through a crowdfunding campaign

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