Attempts have been made to address some issues of social impact bonds. Immediate savings for the commissioner has been looked into by providers developing SIBs. Social impact bonds remain the best tool to delivering meaningful social impact at scale. The Life Chances Fund has been positive and seeks applications for round two.
The intent of SIBs is to allow charities and social enterprises to innovate and develop new service delivery models and to improve the lives of service users. Various characteristics of SIBs are attractive. Social investors can see social and financial outcomes. Some complaints about SIBs are misguided. They have to work with individuals with complex needs where an event can undermine months of progress. It takes time to unfold suitable performance to serve as indicators of the desired impact.
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Ryan Devlin, Todd Grinnell and Ravi Patel have traveled to Africa on a humanitarian trip a few years back, encountering children suffering from severe malnutrition get healthy through Plumpy’Nut®.