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Rawia Abdel Samad Summer
This is a guest post by Rawia Abdel Samad. Rawia is an MBA student at Harvard Business School. She is currently doing an internship at Social Finance in Boston. Prior to her MBA, she was a senior consultant with Booz & Company in the Middle East for 3 years where she worked on a range of projects with governments, regulators and private sector players in addition to several pro-bono projects with nonprofits.
The Project
May 30, 2011
Social Finance is a Boston-based nonprofit that was founded in January 201l. Its mission is to create innovative financial instruments that mobilize investment capital to drive social change. Social Finance aligns the interest of private investors seeking social and financial returns, non-profit service organizations seeking sustainable funding, and governments seeking improved results for communities in need. Social Finance’s current focus is to launch a financial instrument called social impact bond.
A social impact bond (SIB) is a financial instrument that directs private investment capital to nonprofits to fund preventative programs. The government repays investors their principal and a rate of return if predefined metrics have been achieved; otherwise, investors lose their capital.
This summer, I have worked on analyzing and sizing the social impact bond industry in the US. In adition, I have conducted feasibility assessments for potential SIB applications. Essentially, a social intervention would be suitable for a SIB if it were proven to achieve measurable outcomes within an acceptable time horizon, and if it has a potential for significant net government savings. I assessed SIB applications in alternative incarceration for high-risk youth, as well as early intervention for autistic children.
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