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[APD 2018: Key Challenges for social finance scheme fit to the growth among social economy enterprises] raiSE

Category: 
SSE Organisation
Asia
Class: 
Social Finance / Impact Measurement
Governance / Eco-system
Public Policy / Legal Framework

Presented at: Asia Policy Dialogue, Regional Dialogue Group 2. Northeast Asia, Seoul 2018

Organisation: Singapore Centre for Social Enterprise, raiSE Ltd , Singapore 

Date: July 6th, 2018 

Presenter: Mr. Alfie Othman (Chief Executive) 

Contact: Alfie@raise.sg

Summary: 

  • We are working to build a social economy that is community-up. Our goal is to create a human centered impact with a clear, efficient allocation of resources. A clear measurement of impact is also necessary.
  • Last year, we allocated a total of 5.2 million Singapore Dollars to 31 companies, which served 4000 disadvantaged individuals.
  • We have established a social value toolkit, which works as a framework to reflect the impact of social enterprises and thus measure the impact. We evaluate social enterprises by the impact each social enterprise desires to achieve. There is no ‘one size fits all’, and the subjectivity is hard to define because there are myriad diverse values.