Commitment to Action

Catalyzing Innovation in Social Financial Services

Commitment by

Ashoka: Innovators For The Public

Ashoka created the Social Investment Entrepreneurs (SIE) program in order to tackle the single biggest impediment to the growth of the social sector: access to financing and sustainable capital. In 2008, Ashoka committed to invest at least $5 million over the next three years to identify and elect at least 15 leading SIE Ashoka Fellows working in the field of bringing financial capital to the social sector.
Since 2008, 20 Ashoka SIE Fellows were selected using innovative approaches to connect new pools of capital to social impact and leveraging market dynamics to address entrenched social problems. Examples include improving access to mainstream financing for the underserved through alternative credit data; helping small business entrepreneurs in developing countries build capacity and access growth capital; and connecting high net worth individuals in Brazil with high impact citizen sector organizations. These Ashoka SIE Fellows are the pioneers of the emerging impact investing industry.

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Overview
Summary

Commitment

Catalyzing Innovation in Social Financial Services

Launched

2008

Est. Duration

3 Years

Estimated Total Value

$5,000,000

Region

Northern America

Countries

Global

Commitment by

Ashoka: Innovators For The Public