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Israeli crowd-funded social impact bond to address loneliness in the elderly

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Loneliness affects both physical and mental wellbeing. According to research by Age UK, it has the potential to triple the likelihood of requiring ongoing hospitalisation and nursing care and increases, by a factor of six, the chances an elderly person might develop depression. 

What if we could crowd fund investment for a program that reduces loneliness for the elderly?  The repayment (with interest) to the investors is paid by philanthropy if the social outcomes are met.  This social impact bond is even more unique as NIS1.6m (of NIS 2.3m) was raised using crowd funding.

https://www.jpost.com/israel-news/first-ever-crowdfund-impact-investment-to-ease-elderly-loneliness-in-tlv-654720

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By Katherine Leong

17 January 2021

 
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