Keeping kids out of care is perhaps one of the noblest aims of all from PFS while results are in for Year One for another noble project, a DIB for education, and particularly educating girls while Cambridge is trying to research & teach alternative finance…
Sweet Dreams Care Home Keeping Kids Out Of Care, Auditor Says
The Star Phoenix
A Saskatoon care home for at-risk single mothers has kept 21 children out of foster care in the last two years, an independent auditor has found.
Sweet Dreams opened in 2014, becoming the first project in Canada to be funded by a social impact bond funding model. Under that model, private investors fronted the money and will be reimbursed by the provincial government in 2019 if at least 17 children of supported mothers are kept out of foster care.
Regina-based Conexus Credit Union gave $500,000 to the project, as did Saskatoon couple Wally and Colleen Mah. The home is operated by EGADZ.
Since the shelter opened, the provincial, federal and municipal governments have pledged funds to expand it, including to build a 22-space childcare centre attached to the home. That is expected to open in early 2017.
Online Webinar: Year-One Results Of The World’s First Development Impact Bond For Education
Brookings
On July 5, the Center for Universal Education at Brookings invites you to join the partners of the world’s first development impact bond for education in a discussion of the first year’s enrollment and learning results. The impact bond provides financing for Educate Girls, a non-profit that aims to increase enrollment for out-of-school girls and improve learning outcomes for girls and boys in Rajasthan, India. The UBS Optimus Foundation has provided upfront risk capital to Educate Girls and, contingent on program targets being met, will be paid back their principal plus a return by the Children’s Investment Fund Foundation. Instiglio, a non-profit organization specializing in results-based financing mechanisms, serves as the program intermediary.
Register to watch this live webinar here.
Cambridge University To Offer Blockchain Education
EconoTimes
The University of Cambridge is putting efforts in bringing blockchain education to the curriculum. The efforts are being made at the university’s Centre for Alternative Finance.
The topics that will be covered include P2P lending, new forms of credit analytics, alternative investments, crowd-funding among others.
The Cambridge Centre for Alternative Finance is an international interdisciplinary academic research institute dedicated to the study of alternative finance, which includes financial channels and instruments that emerge outside of the traditional financial system. The alternative instruments include social impact bonds and community shares used by non-profit enterprises, and alternative currencies such as Bitcoin.