SHARING IDEAS THAT DO GOOD

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

post-image

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

What do you think?

You must be logged in to post a comment.
Comments

Related Posts

NFP

post-image

Shopping tour with impact?
20 May 2021 by Katherine Leo... 0 Comments

NFP

post-image

Digitially Donating Your Spare Change
28 April 2021 by Louise Nealon... 0 Comments

NFP

post-image

Cryptocurrency for animal welfare
26 April 2021 by Katherine Leo... 0 Comments