Transformative Innovation for Development: Social Capital Credits (SoCCs)
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Transcript of Transformative Innovation for Development: Social Capital Credits (SoCCs)
Founded in 1999
Now in New York, Tokyo, Australia & Singapore
Help a Woman Rise!
Our story
Prof. Swaminathan’s vision of Empowerment
Pro-poor, Pro-women, Pro-environment
MICRO CREDIT INITIATIVEover 200 micro credit banks
Our Work
DIGITAL BRIDGE INITIATIVE
40 Village Knowledge Centers supported
3500 computers sent to India & the Philippines
EDUCATION INITIATIVE WITH ANK
India, Bangladesh, Nepal, the Philippines
CITY INITIATIVE WITH ARPANACommunity Empowerment workshops; Revolving loans for ultra-poor housing
A transformative community currency for social good
People EARN SoCCs points by actions that benefit their
neighborhood.
They spend SoCCs thus earned for education, healthcare and other
ways to improve their lives
SoCCs make the invisible work of women visible and rewarded
The SoCC Market(An eBay like digital trading platform)- A simple, free, open and transparent
framework for accounting, validation, and trading;
- Electronic wallets using ordinary mobile phones.
- Will combine best practices of many existing systems for use of people at the bottom of the pyramid, and others too
Income
Social Capital
Water
Food
Shelter
Health
Education
Waste Management
POVERTY
Income
Social Capital
Shelter
Health
Education
Tutoring
Skill training Water
Food
Managing Waste
IncomeIncome
act as a catalyst for development without reliance on money.
The SoCC Market: Earning SC PLANT 10 TREES IN THE neighborhood
By October 15
Reward: SC 50CLAIM
COLLECT 10 LBS GARBAGE ON MAIN STREET
AlwaysReward: SC 20
CLAIM
The SoCC Market: Redeeming SC
VEGETABLE VENDOR HEALTH CLINIC ELECTRICITY BILL
Accept 50% SC Check-up: SC 5 Accept 50% SC
Pilots underway Kumasi, Ghana, with Earth Institute,
Columbia U Chennai with M.S. Swaminathan
Foundation Kotputli, India with Oxigen Dharavi, Mumbai with URBZ Curritabat, Costa Rica with Govt
Pilots in planning stages Vaigai River Restoration Project,
Madurai, with Dhan Foundation Cha project in Old Chinatown,
Kolkota, with INTACH Anganwadi project in Goa Kisumu, Kenya with Earth Institute,
Columbia U
SoCCs at Work
• Partners: Millennium Cities Initiatives(Earth Institute, Columbia Univ.)
• Location:Bantama Market, Kumasi
• Size: 320 women/families
• Start-date: November 2013
• Duration: 8 months
• Cost: Borne by MCI
Kumasi, Ghana
Abenaa Boateng, the MCI Regional Coordinator, who is running The pilots, here explains the concept to the market women
Partners: M.S.Swaminathan Research Found.
Goal: Desilting of wells, doubling crop yields
Size: 200 families
Start-date: 2014
Pudukottai, Tamil Nadu, India
MSSRF Self Help Groups in Action
CSR Partner: Oxigen
Location:Kotputli Town (Rajasthan, India)
Size: 50 people
Start: May 2014
Duration: 6 months
Cost: Oxigen covering program costs
Kotputli, Rajasthan
Kotputli Pilot
Partners: URBZ
Location:Dharavi, Mumbai, India
Goal: To improve hygiene
Size: 60 families
Start-date: Jan 2014
Dharavi, Mumbai
Dharavimarket.com
URBZ: User Generated Cities
• Partners: • Curritiabat City
Government
• Size: 5,000 families
• Start-date: July, 2014
• Duration: 1 year
Curritabat, Costa Rica
Jeenal Sawla at Curridabat
• Partners: • Earth
Celebrations• Dhan
Foundation
• Location: Tamil Nadu
• Size: 10,000 people
• Start-date• Oct 2, 2014
Vaigai River Restoration Project
Meetings with Dhan Foundation
Chinatown, Kolkota
Visit to Cha Project w AI Tokyo members
Slum Children’s Soccor Training and Educational Society
What partners get from SoCCs?
• Local NGOs and Community GroupsGet SoCC accounting and trading
platform +Community-to-community learning
and trading• International Aid Agencies Multiple-fold return on Investment; user data
• Governments Reduced service delivery costs,
transparency
• Corporations SoCCs for CSR programs; potential
customers
“It is just amazing to learn of your innovative work in Kumasi on SoCCs. This sounds absolutely wonderful, a real breakthrough.”
Message from Jeffrey SachsRecipient of 2013 Swaminathan Award