From South Carolina to Nigeria, two interesting stories to start the week:
Tony Keck and Joe Waters are ready to move forward with the state’s recently awarded social impact bond grant.They visited Washington, D.C., last week and met with other like-minded folks about this innovative program.
South Carolina is the only Southern state among the six grantees chosen in a national competition by the Rockefeller Foundation and the Social Impact Bond Technical Assistance Lab (SIB Lab) at the Harvard Kennedy School. That significance was not lost on Keck and Waters.
“It’s a huge opportunity for the state,” said Waters, vice president of the Institute for Child Success, a nonpartisan research and policy organization.
The state will use the grant for its Nurse Family Partnership, a program that already has proven to reduce infant mortality and improve children’s health.
PropCorm Mai-karfi a program of the United Kingdom’s Department for International Development has purchased Nigeria’s first social impact bond known as the Raise Out of Poverty Bond.
ROPO bond is issued by Babban Gona, an agriculture franchise developed by Doreo Partners.