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Global Health Challenges Offer Social Entrepreneurs Opportunity - Roundtable - 578
Clean
November 18, 2017 02:03 PM PST
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“We have grown far too tolerant of businesses not acting in alignment with the public good,” said Derek Fetzer, director of Johnson and Johnson’s CaringCrowd crowdfunding site for global health. “Shouldn’t all business, all entrepreneurship be for the public good?”

“The spirit of social entrepreneurs is crucial in solving global health challenges, and has been a driving force in uncovering innovative solutions to tackle the ever-changing global health landscape,” Carol Pandak, PolioPlus director for Rotary International, said. (I am a member of Rotary and once wrote an article for the Rotarian Magazine.)

Pandak noted that global health issues hold a unique space on the plant. “It could be easy to diagnose many global health challenges as problems of individual regions and nations.” After all, it has been decades since anyone in the Americas got polio.

Read the full Forbes article and watch the interview here: http://bit.ly/2hIK4VN.

Check out my free webinar where I share the secrets of successful nonprofit crowdfunding at http://crowdfundingforsocialgood.org.

'Wealth Building Isn't Just For The Wealthy' - Darrin Williams Southern Bancorp - 577
Clean
November 14, 2017 06:00 AM PST
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Jennifer Williams, a school teacher in Arkansas, has now paid off all nine of her payday loans and hasn’t had one outstanding now for two years. She’s a success story for Southern Bancorp.

Modeled on Shore Bank, which failed during the Great Recession, Southern Bancorp was organized by a collection of Arkansas’s most prominent people, including then Governor Clinton and Rob Walton, a member of the Walton family. Unlike Shore Bank, Southern Bancorp is profitable and growing today.

“Governor Clinton wanted to create economic opportunities and stimulate the economy in Arkansas’s delta region, one of the most persistently poor communities in all of America,” says today’s CEO Darrin Williams. He notes that Hillary Clinton served on the founding board of directors for the bank.

Read the full Forbes article and watch the interview here: http://bit.ly/2AFLbKp.

Check out my free webinar where I share the secrets of successful nonprofit crowdfunding at http://crowdfundingforsocialgood.org.

Amidst ICO Flurry, This Social Entrepreneur Seeks $50M for Clean Energy - Dan Bates, ImpactPPA - 576
Clean
November 08, 2017 06:00 AM PST
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Everyone seems to want in on it. Even my septuagenarian neighbor who recently retired from her position as a clerk has taken up trading cryptocurrencies. Bitcoin jumped in value more than 50% in October alone. Hundreds of millions of dollars are being raised in new coin offerings every month. This surprising source of capital may be a natural match for social entrepreneurs.

Dan Bates, 60, the founder, president and CEO of ImpactPPA is now conducting presales in anticipation of a $50 million initial coin offering or ICO in the coming weeks. Bates has been doing clean energy projects in the developing world for a decade but ImpactPPA is a new business.

It will use not one but two cryptocurrencies. The first, a utility token, it calls NRG will be used to sell the electricity it produces on micro-grids and small utility-scale solar and wind projects. The second token, MPAQ, the one that will be offered in the ICO, will give the holders a voice in selecting the next projects. In part to avoid securities issues, MPAQ holders will not receive ownership or dividends.

Read the full Forbes article and watch the interview here: http://bit.ly/2zEtWw6.

Check out my free webinar where I share the secrets of successful nonprofit crowdfunding at http://crowdfundingforsocialgood.info.

Key Job Skill for This Position: No Complaining About Rats and Roaches - Aneri Pattani - 575
Clean
November 01, 2017 01:58 PM PDT
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"I look for a great communicator who can tell some of the most important stories in the world. Also, someone who won't complain about staying in a $2-a-night room with rats and roaches," New York Times columnist Nick Kristof summarized by email what he looks for in his annual "Win-a-Trip" contest.

Each year, Kristof of the New York Times holds a "Win-a-Trip" contest to find a student journalist to travel with him on a reporting trip. For 2017, he selected Aneri Pattani to accompany him to Liberia.

Pattani, 22, described her experience as a "one of the best" she's had.

Read the full Your Mark on the World article and watch the interview here: http://bit.ly/2lF8S2e.

Check out my free webinar where I share the secrets of successful nonprofit crowdfunding at http://crowdfundingforsocialgood.info.

Is It Ethical To Lend To Working People At A 200% Interest Rate? Lendup's Iyer and Orloff Say Yes - 574
Clean
October 31, 2017 05:00 PM PDT
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We’re all familiar with payday lenders who are providing loans to people who can least afford it at interest rates that shock the greediest of corporate bankers. Can a fintech company that lends at rates up to 200% annual percentage rates ever be considered ethical? In this piece, I’m going to share my conclusion.

To help me make this evaluation, I turned to Morgan Simon, a vocal advocate for using a social justice lens for impact investing. She is the author of Real Impact: The New Economics of Social Change and Managing Director of Candide Group. She framed the question for me:

In general, when we think about fintech, from microfinance in the global south to financial services for working class populations in the US, we think a lot about the question of fairness. It’s common for a social enterprise to focus on providing better rates to a customer compared to what they had access to. But better does not always mean fair. So, we always look at a company and try to assess--is the financing non-extractive, meaning the customer receives more value than the company? Is the operating margin reasonable compared to the consumer value created? Does the product help build assets as opposed to focusing predominately on consumption? Each company and case is different, and hence it’s impossible to say that a certain range of APRs enables fairness. It’s important to take each company case-by-case and try to assess its particular impact.

Read the full Forbes article and watch the interview here: http://bit.ly/2gR4JCV.

Check out my free webinar where I share the secrets of successful nonprofit crowdfunding at http://crowdfundingforsocialgood.info.

Impact Investor: You Don't Have To Give Up Returns To Do Good - Gloria Nelund, TriLinc Global - 573
Clean
October 30, 2017 02:04 PM PDT
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One of the most controversial topics in impact investing is whether it is possible or fair to expect market returns on investments that do good. Gloria Nelund, chairman and CEO of TriLinc Global, says yes.

Nelund says her firm, which manages about $320 million, is designed to prove it. “The whole firm is really dedicated to creating and sponsoring funds that will prove to investors that they don't have to give up investment returns to do good.”

TriLinc is a private investment fund that lends money to small businesses, including businesses in the developing world. To do business effectively in frontier and emerging markets, the firm partners with local experts.

Read the full Forbes article and watch the interview here: http://bit.ly/2z59TWj.

Check out my free webinar where I share the secrets of successful nonprofit crowdfunding at http://crowdfundingforsocialgood.info.

How To Start Impact Investing With Just $50 And Five Minutes - Swell Investing's Dave Fanger - #572
Clean
October 17, 2017 05:00 PM PDT
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Fifty bucks and five minutes will make you an impact investor. I did it. So can you.

Swell Investing is a new impact investing platform created by social intrapreneur Dave Fanger, 40, of Pacific Life. The idea came, Fanger says, five years ago, thinking about how consumers were increasingly making buying decisions based on social impact and thought there ought to be a way for investors to do the same.

What he came up with incorporated the latest fintech tools for investing, commonly known as robo-advisors paired with impact data to make informed decisions about impact. The technology allows for accounts as small as $50 with annual fees of just 75 basis points or 37.5 cents on a $50 account.

Read the full Forbes article and watch the interview here: http://bit.ly/2xLXP8g.

Check out my free webinar on the secrets of crowdfunding for nonprofits: http://crowdfundingforsocialgood.org.

'A Life Has Meaning And Purpose, No Matter The Age' - #571
Clean
October 13, 2017 05:00 PM PDT
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Meghan Waldron is 15 years old, runs track for her high school, plays in the school orchestra and is working on a novel. She is remarkable in many ways. One way is that she has progeria, a condition so rare only about 300 kids in the world have it; few are expected to live past their 20th birthday--unless promising new treatments are found.

Waldron recently completed her first book, a children's book called Running on the Wind about a bird born under a rock that doesn't learn to fly but instead to run.

The book was published by The Red Fred Project, a nonprofit publishing company that helps "children who live in extraordinary circumstances" like Waldron's to create a children's book that will both serve as an adult-like achievement to bring a sense of fulfillment to their lives and as a lasting legacy, evidence that their short lives mattered. The company has now published ten books, is working on an 11th and on a plan to publish many more in the future.

Read the full Forbes article and watch the interview here: http://bit.ly/2yhdosB.

Check out my free webinar on the secrets of crowdfunding for nonprofits: http://crowdfundingforsocialgood.org.

CEO Comes Full Circle Beginning And Ending In Poverty - 570
Clean
October 11, 2017 05:00 PM PDT
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The fleeting memories of her childhood didn’t make sense until her mother told her the story of the poverty they’d experienced when Sheryle Gillihan was just a toddler. Now a CEO serving people experiencing poverty, she says she’s “come full circle.”

As the head of Causelabs, a public benefit corporation that provides strategy, design, prototyping and software development services, she is focusing the social enterprise on reaching profitability while staying true to the mission and values of the business.

The company finished 2016 with $1.7 million in revenue, an office in Denver and 16 employees. She says the company has pared expenses, including the office in Denver to give the firm a fighting chance at 2017 profitability.

Read the full Forbes article and watch the interview here: http://bit.ly/2yZTdwk.

Check out my free webinar on the secrets of crowdfunding for nonprofits: http://crowdfundingforsocialgood.org.

Founded By A 4-Year-Old, This Nonprofit Is Her Incomparable Legacy - #569
Clean
September 29, 2017 04:00 PM PDT
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Alex Scott, the second child and only daughter among four children, must have been born in 1996 with the genes of a social entrepreneur. Her resilience and her perseverance are the hallmarks of almost all successful entrepreneurs.

Born prematurely, she manifested her fighting spirit immediately, defying the odds and quickly earning the right to leave the hospital. Her mother, Liz Scott, now 47, says it was a glimpse of what was to come.

Before her first birthday, Alex was diagnosed with neuroblastoma, a pediatric cancer. She would battle the cancer for the rest of her short life, about seven and a half more years.

Read the full Forbes article and watch the interview here: http://bit.ly/2ywa8WX.

Need a corporate social responsibility speaker? Learn more about Devin Thorpe at http://corporatesocialresponsibilityspeaker.com.

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