The Malaysian government has launched a RM 3m (£537,000) Social Outcome Fund (SOF) as part of an ambitious effort to boost its social economy.
The payment-for-outcomes fund is designed to make it easier for “high potential” social enterprises and other social purpose organisations to obtain funding from social impact investors, corporations and foundations to deliver social services and preventative interventions that support marginalised communities.
If these interventions deliver agreed outcomes, the fund will repay the investors with interest based on the cost savings achieved.
By Adam PillsburyContinue Reading
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