Social impact bonds are a complex concept. But this episode tries to break it down and shares a success story. The key to social impact bonds is that the service providers only get paid if the project goes well — an incentive for excellent delivery.
Lerato Lehoko is the former managing director of Bonds4Jobs, a financial intermediary that implemented the first social impact bond in South Africa. In this episode Lerato explains how the private investment group Yellowwoods and the nonprofit Harambee Youth Employment Accelerator successfully set up the Inclusive Youth Employment Bond. We talk about how this bond is helping inclusive youth employment in South Africa and about the potential of social impact bonds more generally.
Listen to Ann Mei Chang’s episode here
Listen to Nicola Galombik’s episode here
--
Learn more about Spring Impact. Follow us on Twitter, LinkedIn, and Instagram.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations.
Death, Sex & Money
Anna Sale explores the big questions and hard choices that are often left out of polite conversation.
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.