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Social Finance

Introduction. My backgroundSocial economyFunding and finance for the social economySocial lending and social enterpriseSocial finance intermediariesHow can government help?. Social economy. . . . . Private and profit orientated. Public services. Social Economy. self help mutual benefit

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Social Finance

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    1. Social Finance OCVS Wellington June 2011 Sue Cooper Prometheus Finance

    2. Introduction My background Social economy Funding and finance for the social economy Social lending and social enterprise Social finance intermediaries How can government help?

    3. Social economy

    4. Funding spectrum

    5. Social lending and social enterprise Social lending Loans to charities, social businesses and community organisations which usually receive a return, often less than market Has to be paid back Social enterprise Deliver a social outcome but organised more like a business than a charity To businesses they look like charities, to charities they look like businesses

    6. NZ social lending Prometheus Over 25 years, European style social banking Social mission credit unions Awhi and Aotearoa Small loan funds MEGF, NELT Trusts and Foundations The Tindall Foundation, Community Trusts

    7. Social finance intermediary Specific mission Operates as a business Raises deposits or investment Loans for social and environmental benefit Social investment

    8. Prometheus Finance Mobilise savings and investment to provide loans and capital for NZ social and environmental projects Regulated business Savings and term investments Loans with social, environmental or cultural benefit Social lending service for trusts and foundations Donor advised giving

    9. Keys to success Business and banking skills Ability to raise capital Raising deposits for lending Lending expertise Knowledge social economy organisations Connection commercial and other markets Entrepreneurial and working with new ideas

    10. Government help Recognition of social economy organisations as businesses Money to build capacity and skills Longer term government contracts Asset transfer Recognise social and environmental impact

    11. Contact details Sue Cooper Prometheus Finance sue@prometheus.co.nz Tel: 06 835 7138 www.prometheus.co.nz

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