Good 360
MEDIA, JOBS & RESOURCES FOR THE COMMON GOOD
NEWS  |  General, Research

Fred Hollows Foundation Eyes Impact Investing


Wednesday, 13th January 2016 at 11:33 am
Ellie Cooper, Journalist
Ending avoidable blindness is an “ideal target” for impact investors looking for measureable social benefit as well as financial return, a report from the Fred Hollows Foundation and UK organisation Social Finance has found.

Wednesday, 13th January 2016
at 11:33 am
Ellie Cooper, Journalist


0 Comments


FREE SOCIAL
SECTOR NEWS

 Print
Fred Hollows Foundation Eyes Impact Investing
Wednesday, 13th January 2016 at 11:33 am

Ending avoidable blindness is an “ideal target” for impact investors looking for measureable social benefit as well as financial return, a report from the Fred Hollows Foundation and UK organisation Social Finance has found.

The report, titled Power of Impact Investment to Improve Vision, found that the ease and low-cost of treatments, social impact and the prospect of strong financial returns made eye health attractive for impact investors.

With more than 10 million people in developing countries estimated to be blind due to cataracts, the scale of the investment, both in social and economic impact, has the potential to be huge, the report said.

CEO of The Fred Hollows Foundation, Brian Doolan said the report provided new ideas about how eye health could be financed and outlined a number of opportunities for impact investors in the sector.

“Impact investing is profit with purpose. It’s about extending finance to entrepreneurs and enterprises you wouldn’t normally extend it to with the intention of targeting a social outcome while generating a financial return,” Doolan said.

“By bringing a market-based approach to help fund the essential services that people in low and middle income countries need, we can change the business as usual mode for international development NGOs.”

The report identified the treatment of cataracts, blurred vision and trachoma as being well suited to the impact investment model because they had clearly measurable and attributable indicators.

Innovative business models already have a track record in eye health, with 300 social enterprise hospitals providing free cataract treatment to the poor, subsidised through fees paid by other patients.

However, the report found that the start-up costs for hospitals looking at social enterprises were restrictive, hence the need for impact investment.  

The Fred Hollows Foundation is also currently working on the creation of a development impact bond to address cataract blindness in Africa.


Ellie Cooper  |  Journalist |  @ProBonoNews

Ellie Cooper is a journalist covering the social sector.

FEATURED SUPPLIERS


Helping the helpers fund their mission…...

FrontStream Pty Ltd (FrontStream AsiaPacific)

NGO Recruitment is Australia’s not-for-profit sector recru...

NGO Recruitment

Brennan IT helps not-for-profit (NFP) organisations drive gr...

Brennan IT

HLB Mann Judd is a specialist Accounting and Advisory firm t...

HLB Mann Judd

More Suppliers

Get more stories like this

FREE SOCIAL
SECTOR NEWS

YOU MAY ALSO LIKE

Fred Hollows on the Fiver Campaign Gains Traction

Xavier Smerdon

Thursday, 4th February 2016 at 10:11 am

Diabetes Research Foundation Wins 2014 Charity of the Year

Staff Reporter

Tuesday, 5th August 2014 at 12:09 pm

World of Difference Winners Announced

Staff Reporter

Monday, 19th May 2014 at 11:10 am

Fred Hollows Wins Charity of the Year

Staff Reporter

Thursday, 4th July 2013 at 10:06 am

POPULAR

Red Cross Moves to Wage-Based Fundraising Model

Lina Caneva

Thursday, 16th November 2017 at 8:30 am

Disability Advocacy Group Fights to Restore State Funding

Luke Michael

Thursday, 9th November 2017 at 8:37 am

New Same-Sex Marriage Bill Looks to Protect Faith-Based Charities

Luke Michael

Monday, 13th November 2017 at 5:25 pm

Concerns Raised Over New ACNC Board Appointments

Luke Michael

Monday, 20th November 2017 at 2:28 pm

Write a Reply or Comment

Your email address will not be published. Required fields are marked *


Good 360
pba inverse logo
Subscribe Twitter Facebook

The social sector's most essential news coverage. Delivered free to your inbox every Tuesday and Thursday morning.

You have Successfully Subscribed!