Transformative Innovation for Development: Social Capital Credits (SoCCs)
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SoCCs or Social Capital Credits is a virtual system of exchange for social good that combines the best practices of carbon credits, MPesa, and eBay. This breakthrough concept is currently being tested in pilot sites in India, Ghana and Costa Rica. It aims to empower communities to improve their own lives, while leveraging the multiplier effect of each development dollar.
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Transformative Innovation for Development: Social Capital Credits (SoCCs)
- 1. Help a Woman Rise! Founded in 1999 Now in New York, Tokyo, Australia & Singapore
- 2. Our story Prof. Swaminathan’s vision of Empowerment Pro-poor, Pro-women, Pro-environment
- 3. Our Work MICRO CREDIT INITIATIVE over 200 micro credit banks
- 4. DIGITAL BRIDGE INITIATIVE 40 Village Knowledge Centers supported 3500 computers sent to India & the Philippines
- 5. EDUCATION INITIATIVE WITH ANK India, Bangladesh, Nepal, the Philippines
- 6. CITY INITIATIVE WITH ARPANA Community Empowerment workshops; Revolving loans for ultra-poor housing
- 7. 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
- 8. 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
- 9. act as a catalyst for development without reliance on money. Income Social Capital Education Health Shelter Food Water Waste Management POVERTY Social Capital Income Income
- 11. The SoCC Market: Earning SC PLANT 10 TREES IN THE neighborhood Reward: SC 50 By October 15 COLLECT 10 LBS GARBAGE ON MAIN STREET Reward: SC 20 Always
- 12. The SoCC Market: Redeeming SC VEGETABLE VENDOR HEALTH CLINIC ELECTRICITY BILL Accept 50% SC Check-up: SC 5 Accept 50% SC
- 13. SoCCs at Work 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
- 14. Kumasi, Ghana • 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 Abenaa Boateng, the MCI Regional Coordinator, who is running The pilots, here explains the concept to the market women
- 16. Pudukottai, Tamil Nadu, India Partners: M.S.Swaminathan Research Found. Goal: Desilting of wells, doubling crop yields Size: 200 families Start-date: 2014
- 17. MSSRF Self Help Groups in Action
- 18. Kotputli, Rajasthan CSR Partner: Oxigen Location: Kotputli Town (Rajasthan, India) Size: 50 people Start: May 2014 Duration: 6 months Cost: Oxigen covering program costs
- 19. Kotputli Pilot
- 20. Dharavi, Mumbai Partners: URBZ Location: Dharavi, Mumbai, India Goal: To improve hygiene Size: 60 families Start-date: Jan 2014
- 23. URBZ: User Generated Cities
- 24. • Partners: Curritabat, Costa Rica • Curritiabat City Government • Size: 5,000 families • Start-date: July, 2014 • Duration: 1 year
- 25. Jeenal Sawla at Curridabat
- 26. Vaigai River Restoration Project • Partners: • Earth Celebrations • Dhan Foundation • Location: Tamil Nadu • Size: 10,000 people • Start-date • Oct 2, 2014
- 27. Meetings with Dhan Foundation
- 30. Visit to Cha Project w AI Tokyo members
- 31. Slum Children’s Soccor Training and Educational Society
- 34. What partners get from SoCCs? • Local NGOs and Community Groups Get 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
- 35. “It is just amazing to learn of your innovative work in Kumasi on SoCCs. This sounds absolutely wonderful, a real breakthrough.” Message from Jeffrey Sachs Recipient of 2013 Swaminathan Award
- 37. Thank you
Editor's Notes
- Before proposing SoCCs for LitWorld, introduce the general notion.