Social Value UK

Topic: Finance

  • Etkiyap Forecast Social Return on Investment Report

    Etkiyap Forecast Social Return on Investment Report

    “This document has been crafted as a ‘forecast’ report for measuring the social impact of Etkiyap, covering its activities from its establishment (mid-2020) until the second half of 2023. To address the query, “What value has Etkiyap created for its stakeholders?”, the SROI framework has been chosen and employed, which embraces a wider spectrum of value creation.

    Etkiyap endeavors to enhance Türkiye’s impact investing ecosystem by raising awareness of this investment model across industries and society. As an independent, not-for-profit platform, its diverse range of activities aligns with its mission to nurture the establishment and growth of an impact investing ecosystem in Türkiye, an arena still in its early stages. Hence Etkiyap:

    • Advocates and brings together diverse stakeholders to create a strong impact investing sector in Türkiye
    • Creates success stories by developing and executing alternative and innovative financing models
    • Through international collaborations, it plays a role in positioning Türkiye as a prominent player in the global impact investing arena
    • Assuming a leadership position in impact measurement and management, facilitates the sharing of methods and best practices utilized in this domain
    • Fosters the development of personnel skilled in impact measurement

    Etkiyap’s activities encompass various facets such as awareness-raising, policy advocacy, collaboration, networking, community building, research, thought leadership, impact measurement, reporting, capacity building, and support, engaging a wide spectrum of stakeholders. While services like training and programs yield structured stakeholder engagements, identifying and reaching Etkiyap’s whole ecosystem stakeholders remains challenging due to the ecosystem’s dynamism and diversity. Therefore, within this analysis, it is decided to focus on three core activities of Etkiyap. However, with this forecast analysis, as a groundwork for future analysis, it is believed that more rigorous analysis can be done in the future with special attention on identifying and involving stakeholders.”

  • O-Bank Social Impact Program Social Return on Investment Evaluation Report

    O-Bank Social Impact Program Social Return on Investment Evaluation Report

    “Many disadvantaged persons in our society with an urgent need for cash find it difficult to obtain bank loans or to receive such loans on relatively favorable terms, and this ends up causing them even bigger problems. To help such persons through difficult times, O–Bank launched the Social Impact Program in late 2020. O–Bank is inviting customers to open time deposit accounts under the Social Impact Program, and the funds deposited in these special accounts are used solely for the specific purpose of backing microloans that will be provided with no service charges and at low interest rates to help economically disadvantaged persons deal with financial emergencies. O–Bank intends to take advantage of its banking expertise and tap into the power of its customers to arrange for funds from the exact same sources as before to have an impact unlike that of before.

    To review the outcomes of our Social Impact Program, O–Bank has adopted Social Return on Investment (SROI) methodology as a Social Impact Program evaluation tool, and to prepare a report. The period covered by this report (which is categorized as an SROI evaluation report) spans from 1 December 2020 to 30 November 2021.”

  • Turkish Grameen Microfinance Program SROI Analysis

    Turkish Grameen Microfinance Program SROI Analysis

    Turkish Grameen Microfinance Program (TGMP) has been established with technical knowledge transferred by the Nobel Prize Laureate Professor Muhammad Yunus and the initial capital was provided by a member of the parliament of the 22nd term, Professor Aziz Akgül. Due to the efforts of Professor Aziz Akgül, a donation-based financing model was developed to alleviate poverty which does not require any collateral and is totally based on trust for financially challenged women who are ready to engage in income-generating activities.

    This report includes the social impact measurement of the TGMP covering one year period, 2020, of its operations. The SROI (Social Return on Investment) analysis was used as a framework based on seven
    principles of the SROI that are reflected in the whole report. In accordance with these principles, all information about TGMP’s social impact measurement is stated with transparency.

  • Together Building A Better Tomorrow For Our Community – A Social Return On Investment Study Of NBCU

    Together Building A Better Tomorrow For Our Community – A Social Return On Investment Study Of NBCU

    Naomh Breandáin Credit Union (NBCU) Limited is a community credit union in Loughrea, County Galway. It is a financial cooperative owned and controlled by its members. NBCU was set up in 1966; a time when Ireland was experiencing a deep recession and unemployment was high. Most local people were unable to gain credit from banks and many of them were forced into using moneylenders charging unacceptably high rates of interest. It was intended that by providing affordable credit facilities to these people, their standard of living would be improved and the local community would be enriched. The credit union today has more than 14,000 members and assets of €64 million 2, but its mission remains unchanged.

    This is a SROI evaluation of NBCU, covering the period 1 October 2020 – 30 September 2021, which is its most recent full financial year. This study describes and measures all the notable changes brought about by the organisation over that period, and values these using monetary equivalents wherever possible.

  • People Helping People Social Return on Investment Study of Newington Credit Union Limited

    People Helping People Social Return on Investment Study of Newington Credit Union Limited

    Newington Credit Union Limited (NCU) is a non-sectarian, not-for-profit, member-owned cooperative established by local people in North Belfast in 1967. It aims to provide effective, efficient and quality services that ensure the financial wellbeing of its members.

    This is a SROI evaluation of NCU, covering the period 1 October 2020 – 30 September 2021, which is its most recent full financial year. This study describes and measures all the notable changes brought about by the organisation over that period, and values these using monetary equivalents wherever possible.

  • Social Return on Investment Evaluation (SROI) – Clockwise Credit Union

    Social Return on Investment Evaluation (SROI) – Clockwise Credit Union

  • A social dividend, not just a financial one – Social Return On Investment Study

    A social dividend, not just a financial one – Social Return On Investment Study

    “Donore Credit Union is Ireland’s first and oldest credit union. It is also the first credit union to undertake an analysis of its social value. It is found that the credit union delivers material outcomes for 13 types of stakeholders, with a reduction in stress, a sense of belonging and an improved standard of living being especially valuable to members. For every euro equivalent invested into the credit union, in the region of ten euro of social value is created. This has implications not only for Donore Credit Union, but also for the credit union movement as a whole and host of other policy makers.”

  • A Bridge Towards Inclusion

    A Bridge Towards Inclusion

    The integration of immigrants into our society is an issue of great topical interest that is strategically important for our future. Financial inclusion and credit access are essential aspects for generating positive social integration paths. The migratory flows that have been arriving in Italy for many years increasingly affect the demographic balance and the sustainability of the social security system. It is in this context of great change that Extrabanca’s activities can be found. Since the Bank was founded in 2010, its mission has been to meet the financial needs of migrants.

    With its newly created supply system, Extrabanca presents itself to the immigrant community as the intermediator best suited for guidance along the path of financial inclusion.

    In light of our mission, Extrabanca decided to put Human Foundation in charge of this forecast SROI assessment in order to better understand the social impact of its activities.

    The following assessment is a forecast SROI, i.e., an assessment that values and predicts ex-ante the social value of the expected results deriving from an intervention or an organization. The assessment serves to calculate the social impact of Extrabanca’s products on its clients, migrants in particular. The aim is to understand how Extrabanca’s activities contribute to the integration path and the personal development of its clients.

    In this regard, SROI concentrates on Extrabanca’s clients, analysing how products and services offered by the Bank are able to lead to an increase in the migrants’ level of financial inclusion in Italy. As stated in the 4th CESPI report (2015), migrant banking in Italy represents the cornerstone of the process of financial inclusion: it is a point both of arrival and of departure as it allows clients to access products and services.

  • Social and Sustainable Capital: Impact Report 2017

    Social and Sustainable Capital: Impact Report 2017

    “SASC was founded in 2012. Our mission is to help social sector organisations deliver scalable and sustainable solutions to social issues across the UK. Since 2012 we have raised two funds: the £20 million Community Investment Fund and the £30 million Third Sector Loan Fund. We have made twelve investments with a total value of £8 million. This funding has gone into inspiring, high-potential charities and social enterprises. It will help them go on growing and achieving greater impact. SASC is a social enterprise itself, with 51 per cent of our profits going to the Social Investment Business Foundation; we are regulated by the Financial Conduct Authority.”

  • The Social Impact of Fair for You: Second Report

    The Social Impact of Fair for You: Second Report

    “Fair for You is a registered charity which makes loans to low income households through its lending subsidiary, Fair for You Enterprise CIC. The lending subsidiary is a form of social enterprise, which began making unsecured loans for the purchase of household items available from its ‘online high street’ in December 2015. The loan product provides a real alternative for people who would otherwise have to use high cost lenders, particularly rent to own stores such as BrightHouse, PerfectHome and Buy as You View.”

  • Street UK Social Impact Report 2015/2016

    Street UK Social Impact Report 2015/2016

    Street-UK-Social-Impact-Report-2016_fullreport“The purpose of this report is to examine the extent to which Street UK is achieving its goal of creating greater financial inclusion. The report was compiled using our own client data, surveys and case studies in addition to comparing the demographics of our clients with the UK population. Our research has found that;

    • Financial support is not restricted to having a solely financial impact in the borrower’s life. 79% of our surveyed clients agree that getting a loan from Street UK had more than just a financial impact. These include improvements to their level of stress, overall health, self-esteem and relationships with family and/or friends

    • An individual’s previous credit history will not always be an accurate reflection of their ability to repay future loans. Over 70% of the people we lend to have a past default on their credit file, but over 90% of the loans we advance are repaid

    • Many people are struggling to meet the everyday costs that those on higher incomes can take for granted. Our loans are most commonly used for home improvements, Christmas and holiday expenditure

    • Short-term loans do not have to be expensive. They can be provided both online and on the high street for reasonable interest rates that cover the costs and associated risk of lending. Our online APR of 201% and our in-branch APR of 95% continue to under-cut other high-cost lenders

    • Ethical lending can be sustainable if additional services are offered by finance companies. Our back office services business contribute to the Street UK Group’s overall sustainability by helping deliver scale economies and subisidising the cost of senior management, back office admnistration and our IT infrastructure

    • Given these findings, it is necessary to protect those who are most vulnerable in society and to provide low income households with access to affordable finance without the risk of them falling into unmanageable volumes of debt”