The Cree government of Pimicikamak has declared a state of emergency after a number of suicides in the Northern Manitoba community of Cross Lake. An emergency declaration will likely trigger a short-term emergency response and while immediate mental health services and community crisis supports are needed, more attention to the root causes of despair, hopelessness, and exclusion is required to effectively address Aboriginal suicide. Read more
I know how that sounds: borderline-heretical, and yet I do believe it’s the whole point of social finance. We are seeking ways of monetizing the efficiencies of social and environmental interventions proven to be (cost) effective. And so, we have a whole range of emerging strategies targeting so-called impact investors with a goal of increasing the capital available to move the needle on a range of vexing social and environmental challenges. So what’s the hitch? Maybe we’re not focused on the right activities?
If you’re like me, you’ve sat through a number of presentations on social impact bonds (SIBs). And if you’re like me you’ve vacillated between paying close attention and head nodding. I mean no disrespect to my learned friends and colleagues who are deeply versed in the mechanics and excited by the potential of SIBs. For me — given all the attention they have received in recent years, SIBs remain mysterious, in part because most of the examples we hear about are from other places such as the US & UK. Read more
Most people I speak to about social finance tend to agree — financial tools offer compelling new ways to think about funding social change. The biggest challenge we experience is in securing commitments from these same potential investors.
Part of the problem is a lack of Read more
On volunteering at Charlie’s…
Charlie’s Bike Joint is just East of Sherbourne on Queen Street in Toronto. My guess is that Queen and Sherbourne is one of the toughest corners in the city — lots of visible hard living. I started taking my sweet, sweet bike (circa ’86 Specialized Rockhopper) to Charlie’s for service about three years ago when I was commuting daily from the Beach to downtown. Read more
Social finance in action:
Earlier this year we worked with Indian Business Corporation to survey its clients and publish the following report that illustrates both the social and economic outcomes arising from developmental lending.
I saw this piece on how turtles help parched butterflies hydrate and thought: there is no better inaugural post for the new TerrapinSF Blog than this. It’s an ecosystem approach to health for two very determined species.