;.>i8- .% $:.'i'[, t...SIB iidsdurC~aiud=iznis i'ddoldd (aqrii oiaairiuwqa, 2556) I....

9
BJ' ;; ,: ., ' . , , -. . 7. . , , . , .*. : . , , 8 , 5 pi, ' ,- r . ., . V <, $11, ,r ' --I %:* : .. -. im; ;., 1 ;.-':.'\;.>i8- .% , : t -. J<, :-, @ 4 1 ; $:.'i"'[, . . *.%I ,. *& 5, ,i.+3*;::..::2~,;5 . . . (.. - 1. ,... . ..- Social Impact Bond ~unisw"wosi SMEs

Transcript of ;.>i8- .% $:.'i'[, t...SIB iidsdurC~aiud=iznis i'ddoldd (aqrii oiaairiuwqa, 2556) I....

Page 1: ;.>i8- .% $:.'i'[, t...SIB iidsdurC~aiud=iznis i'ddoldd (aqrii oiaairiuwqa, 2556) I. d~ulGninigiitud~~ui~lunislQiiuuin~~~u l~u~~~i~l~lfi4dn15~~dd0dn"pd ~iu nisilnsriu nisAn?n& burinasnu

BJ' ;; ,: ., ' . , , -. . 7 . . , ,., .*. : . , , 8 , 5

pi, ' ,- r . ., . V

<, $11, ,r ' --I %:* : .. -. im; ;., 1 ;.-':.'\;.>i8- .% , : t -. J<, :-,

@ 4 1 ; $:.'i"'[, . . * . % I ,,. * & 5, ,i.+3*;::..::2~,;5 . . . (.. - 1. ,... . . . -

Social Impact Bond ~unisw"wosi SMEs

Page 2: ;.>i8- .% $:.'i'[, t...SIB iidsdurC~aiud=iznis i'ddoldd (aqrii oiaairiuwqa, 2556) I. d~ulGninigiitud~~ui~lunislQiiuuin~~~u l~u~~~i~l~lfi4dn15~~dd0dn"pd ~iu nisilnsriu nisAn?n& burinasnu

Social lmpact Bond ~HII%W"WUI SMEs

dwiuuioz~~itulGiin~m~~~~u~szui~ld~i<m un~uu~z~ti~aTiUni~?,6badn~u~maiuil"ib~u~uni~~i

sudszui~adidriii<n n i ~ u a ~ y n d ~ z ~ ~ ~ ~ ~ ~ ~ i w i ~ o a n o r i ~ ; ~ a ~ i ~ a s s n " t u n i s l ~ ~ u d s : u i ~

o r i ~ ~ ~ d s z ~ ~ ~ n i w ~ w " o a m n i s z ~ i ~ m " i u ~ ~ d ~ z u i ~ $45 ~z~o;rIr id~e~anszwudoni~w"wuidsz~w~~m"au

~ m u d u i ~ d s ~ r w m o i i l a i ~ u n i . i f i o ~ ~ a i ~ i ~ ~ z L ' 4 i ~ ~ ~ E L M ~ I ~ U L ~ u ~ U ~ ~ ~ G Z ~ H ~ I U ~ ~ ~ L M ~ ~ W ~ ~ L ~ U ~ 94 3 a~msr inn~ais i r~z u d r i ~ l u i u u a ~ m u a z m $ o ~ ~ o ~ i ~ n i s ~ u n i s m a " ~ ~ d ~ ~ ' ~ ~ i i ~ q uuui ~ d u nisiauady u

s:mii~?y<u~onau (Public-Private Partnership: PPP) n ? o u r i u i n i ~ ~ i d ~ a ~ u ? a i ~ f i ~ b $ a 8 ~ ~ u (Social

Enterprise) d ~ b ~ w ~ i ~ d n u ~ m ~ ~ ~ ~ m $ o d ~ a ~ i 9 ~ s f i ~ u a ~ ~ ~ n ~ ~ u 9 n i ~ ~ ~ d u d s z u i ~ i l " i u a w i n " 1 ] o 9 ~ I ~?luh

arii91~ffmia.1 u a u 0 1 n s s u ~ i ~ G i u n i s ~ u n i ~ m ~ ~ ~ ~ ~ ~ w " ~ u i a r i 1 ~ ~ a ~ ~ a ~ ~ ~ a ~ i ~ ~ u a ~ i ~ ~ ~ ~ ~ i z a u

luniranCn&6mluRiu~uds:uimlM'urinini~ Tn~luda~ 5-6 9 d~ i iuu i ~~u?mnssuds:~n~nd~

d ~ i a u l ~ ~ ~ u n r i i ~ d ~ ~ ~ m ~ u ~ w " a w o u 1 ~ 1 w u ' ~ ~ n ~ i ria "Social lmpact Bond: SIB'' $ ~ u i ~ ~ u l ~ m a i u ~ u i ~

41 u%u5~ms~w"08dmu1~~o uWUU~u"~s~a~~b~un~sw"wui8~mu"

A Combined Approach to Investing

Social Financial lmpact Retum

Financial Retum r

trl

Combined Approach

Page 3: ;.>i8- .% $:.'i'[, t...SIB iidsdurC~aiud=iznis i'ddoldd (aqrii oiaairiuwqa, 2556) I. d~ulGninigiitud~~ui~lunislQiiuuin~~~u l~u~~~i~l~lfi4dn15~~dd0dn"pd ~iu nisilnsriu nisAn?n& burinasnu

Social Impact Bond: SIB ~~uuraiiou8~gidnim4Ilu~iuz~oonw"uzu"m~8ggii~oz~iu

wamouunutM'n'urina~yuron'11u1u~iuz~5ow"uzu"m rdu rinaayu ~d. i~nounn$ald ~d~rmounisrrr 'o

&nu o~dnilriua?avlin'ils (r9u3.o) vlioyni5 r4uh lun~ciidniui~nahawaa"w6~da~amulf;ir~u~ifJu

jt1~35uqmrilu 1muwam~u~~nudljnndyuoz~6~u Ro ~ u a a y u ~ f l u n i ~ i ~ i i u ~ m ~ a n i ~ u ~ n ~ u w a m o u ~ ~ u

~ i ~ n i ~ f i u ~ i n n i 3 a a ~ u ~ ~ e z i i ~ ~ m 1 ~ u l ~ ~ a ~ u ~ o ~ u d ~ z u i ~ n i m 4 ~ d n m a ~ l u l m ~ a n ~ ~ $ u 7 nimRo

SIB ~~m<um!u.3nluil 2553 d d 3 z ~ n f i ~ n ~ b b u Social Finance UK d~~9un~dnsd l i r r a?am

wan'il3 (rQuWo) niul.rmwnir the Peterborough (~aai3bmo~usi) 8 ~ ~ i f J u l ~ ~ a n i ~ ~ u ~ m ? i u d ~ z w ~ ~

C n I n v ~ u l n v rdu n i 3 l n o i f h n~sokvl ia iu uann~~ i iQn in i5Rnu1 ~fluiu Imulina~yuilgl%u

wamouunuilinnisa~yuiiio~~oCm~~nirn~u~~~douii~ioni~w"iEm~i~o~lin~~vama~lm"miu~ili

b d I ~ ~ a n i ~ ~ n i i ~ ~ m " g n ~ i I ~ f l u v l a i u ~ ~ z ~ ~ m ~ d u soa~mxsu ~ussrrir uazavl i jo~rr in i n q u l d n

h~anisduslni ia i iu rdu "Social Benefit Bond" "Social Bond" vlio "Pay for Success Bond" bifJu6u

(uu4G uaiqa, 2559)

y w i u ~ o a SIB Ao nijl~ni~~onvu~~u~ad~u1uni~~ib~uni~nimuini~bdo8amurrnunim~~

d~oiouojltiiir~uan~uni~d~6d~z1u'11C$~aoadi (win-win) 1munim4~lm"d~zluaCo1nni~dlim'a~

atnuluni~di~~uni~nimuini~~d~8~mu6~umu~o~ lriCotiuEm~ouvlinni~Ririuni~~aniiali~4uld

miurili i / 7 ~ ~ ~ ~ i ~ ~ ~ n ~ ~ ~ ~ i l : c n ' ~ 4 ~ ~ ~ l i 5 ~ $ d 6 ~ ~ ~ b ~ a ~ ~ ? i ~ ~ d ~ii; i lz~i~uwamou~rnu~innim~~

~ i ~ ? u u i n l u n s ~ d a i u i s n ~ i ~ G u l m s ~ n i ~ l n " d ~ z a u m ~ i u ~ i ~ ~ o $Q$ SIB Q7~ifJumYadijihnai~ st49

(Intermediary) r ~ i u i ~ i v l ~ m u ~ v l i ~ Q n i ~ ~ u n o a ~ u ~azi%$w"u~ni'i~id8dmu (Social Service Provider)

Jui~laou~m~on33udoa"~mrr (I?aG5~domulnu, 2560)

Page 4: ;.>i8- .% $:.'i'[, t...SIB iidsdurC~aiud=iznis i'ddoldd (aqrii oiaairiuwqa, 2556) I. d~ulGninigiitud~~ui~lunislQiiuuin~~~u l~u~~~i~l~lfi4dn15~~dd0dn"pd ~iu nisilnsriu nisAn?n& burinasnu

SIB iidsdurC~aiud=iznis i'ddoldd (aqrii oiaairiuwqa, 2556)

I. d~ulGninigiitud~~ui~lunislQiiuuin~~~u l ~ u ~ ~ ~ i ~ l ~ l f i 4 d n 1 5 ~ ~ d d 0 d n " p d ~ i u nisilnsriu

nisAn?n& burinasnu lXui yaDJ n o ~ ~ u ~ d o k n u Idpu7iannsyuraunsz~~awa"n d~o~u~irsrisls~do

k ~ ~ ~ d 9 ~ L ~ ~ ~ L ~ n ~ ~ ~ ? l ~ b ~ ~ d ~ ~ ~ ~ i R ~ , 6 ~ ~ n ~ ~ d ~ ~ ~ d n i 5 ~ i ~ 1 0 Z ~ ~ d 5 ~ ~ ~ ~ ~ i ~ 8 i ~ $ 9 ~ u i u n a i u i i

nis5:pluyu~duuu~R~n"au~~nisoonw"u~u"ms n i n i ~ ~ z i o . r ~ B u ~ + i s z n o n ~ J u ~ n ~ a n lriiilnsanisez

dsaaunaiudi~$il~~olrii;miu

2. daulGrina~yu~auii~~Gu3n~sG~s~9~l~~s~n"udio~nislXns~nisd~zaumaiu~i~ BIUISO

~ i i i l ~ ~ i k n u l b i n d ~ ~ ~ ~ o d ~ i n v i n d a ~ ~ % n ~ d n i ~ d s z i i u n a i u d i ~ $ ~ ~ U L B ~ ~ ~ O P ~ ~ ~ U W B ~ O U U M U M ~ ~

fi ididlu~sl31d~d gd6u ~ ~ u ~ n i s ( 1 ~ ~ ~ ~ i ~ u i u d n i s ~ ~ ~ ~ ~ i 8 d n ~ ~ a z ~ ~ ~ d ~ d ~ ~ l d ~ z ~ ~ / i u ~ a ~

lQli.nssuiw 1 lunis6i~Culnsdnis rina~qui;ozauleRplsliuuaa"w6w1~3~rnuXau

3. daul~~flnni.i inwad~Bu~d~ssu dn~dod uaakqu l r n u n n h n i d u (embedded) ~ o u h u

ii~Culns;lnis l u ~ d s / l i ~ " s a " m w a n i u ~ ~ ~ i s i n 6 i ~ ~ u l ~ s ~ n i s l d ~ ~ ~ ~~ol~lGnaiuaul~1iouadi~~0~1o~

hsdnis ~ d n ~ ~ i n w a s l n u u n u ~ i n w " u ~ u " s l s s a u ~ ~ ~ ; i i l " i ~ d n i n f ~ ~ z i i u ~ w " ~ ~ ~ ~ ~ u ~ n i ~ ~ u ~ n A m n " u ~ o u ~ ~

n a i u r l i d o ~ o ~ ~ n ~ t n i ~ ~ ~ a z ~ ~ d ~ z u i m d n i r n ~ , 6 9 z a i u i ~ ~ d s z ~ u " n ~ n " ' i ] i n ~ a i u d i b ~ ~ n " d n i a nisiinaln

Page 5: ;.>i8- .% $:.'i'[, t...SIB iidsdurC~aiud=iznis i'ddoldd (aqrii oiaairiuwqa, 2556) I. d~ulGninigiitud~~ui~lunislQiiuuin~~~u l~u~~~i~l~lfi4dn15~~dd0dn"pd ~iu nisilnsriu nisAn?n& burinasnu
Page 6: ;.>i8- .% $:.'i'[, t...SIB iidsdurC~aiud=iznis i'ddoldd (aqrii oiaairiuwqa, 2556) I. d~ulGninigiitud~~ui~lunislQiiuuin~~~u l~u~~~i~l~lfi4dn15~~dd0dn"pd ~iu nisilnsriu nisAn?n& burinasnu

~daqain SMES $usin~iuiii~qsla~szuu~wsw~iia'bwu Inui ikdauuinni i iauaz 90 ua.riiuau

la i r i i s&run ~ m z $ ~ ~ ~ u ~ ~ r a ~ ~ i ~ ~ i u d a " i K ~ ~ n 6 a u an i l j u~Cu~Wdan isw"mu idsz~w~ l '~1u~~ l6~ i~~un is

i n w 1 r i ' o ~ m s a ~ ~ d u w " u ~ ~ m s ~ ~ a w " w u i d s z 2 ~ 5 n i w SMEs ~ c ~ i n n i s ~ n w i w u i i iJagrju$~~jlr i i idsz~wfib

Ri~iiulosdnis SIB l u i i o n s s u ~ ~ a d s ~ n ~ u SMES atii~~9u~dsssu~du~~uan"uluaivi~u q &d aia6au

a!wadiimsid~a5u SMES L ~ u M ~ ~ I ~ P I ~ ~ M ~ ? ~ ~~~~uri'a~nisw"wui~fisw~ii~uinn-didsz~~u~i~~~mu

atiidlsfimiu n im~anmi i~ms~n i sd~~a5u SMEs ~aiaPd°iuidauanb~u SIB 16 bdu ranis611bwu

daua.mAnsninianauth q l6ur-i a n i q m a i r n s s u ~ ~ ~ ~ ~ s z ~ w ~ l w u ua:nisviasrduauviddsz~wfi~wuiu

iiiianssunis~nausu~~azw"wuiw'nwz(dsznaunis Lbaznis?usodaniuniwvm SMEs ~ u n i s i i P i s ~ 7

2u~%ar?al6?~2w%da~a5u (Certification) 1ms~nis~~616az~aul.j;~fluiinifl~an"11uii~nuniwlunis~~u

Social Service Provider

Y Y f i a nis l i r i iuAonssud~~a3u SMEs v a ~ n i ~ ? ~ u a ~ n ~ n ~ ~ n r u d ~ i u u i ~ ~ v i m n ~ s ~ n m i u ~ ~ a z Y 4 d 4 dsz~iiuwamaiuiii~jaIns~nisd%n~au~5u~d5ssu ~ ~ ~ i n a i u i s n ~ j 0 ~ u i s 3 u u n i s d ~ z ~ i i u w a h nuIonia

piauanld~9u SIB 16 && luszuzusn n i n ~ o i a a i ~ ~ u s ~ ~ j l a l . j ; n i m ~ o n r u ~ ~ a ~ . u " i u i a ~ ~ u l u i i ~ n s s u

-AsbaSu SMEs bnu~ i run~d i~u iuma iua" i~~ava~~ms~n i~maanauwamau~~~d~dsz~udd i~au b$oiin"n

n a i u ~ ~ u ~ w ~ n i m ~ a n m ~1~az~in1ms~nisa"i~5amiu~dimiudRi~u~faun"ula"fiai~~ziiuwamau~~~u~Gu

(Incentive Pay) 7 d ~ ~ u u 6 a z $ u n i s h ~ n i m ~ a n ~ u u S r i s C m n i ~ SMEs n iu~6szuunis i iu

miuwa. r iu~c~ iez~8udsz Iu~~uinni i r ~ a d a i n n i o ~ a n r u ~ d u r a n i s 6 i k r i n r isaniqmairnssu

Cw in ~9u6u $uiilnu6adhn'od ria iimaiui naiu~$uar iq lu~-r i ia fh [umu u a z ~ G i l ~ n a i u i a ~ n i s

vad SMES ~ u $ u d ~ i n n i i ~ ~ a u d i ~ d a u n a i d " ~ a d n i m ? ~ ~ ~ d ~ i n ~ u d s ~ u i ~ ~ u n i s R i ~ i i u n i ~ szuznaid bda

i i~aa l r i i~ Ins~nisd~szaumaiui i~ faCn~au uaznimbanruaiulsodszb~uma1ubdud~6~n6ad~n~~ub~a"a

~ d u r i n ~ a n i s ~ i I ~ u i i n i s ~ m ~ f i u a ~ ~ ~ e i ~ u a n ~ 6 i i ~ n w m s n s a i u i s ~ i i s i u ~ ~ i a z ~ ~ R i n - d 1 1 LL~UUIW

r~~~~ndl6~unis~nausuii~1"iuau~~az~n~au~vii~svo~~nwmsnsd~.u"iiauIm~nis~~vun ~ ~ u l d m i u ~ d i

rialjlri f i o z d a u ~ 6 i u i s n ~ n 2 u ~ a ~ 6 i i ~ n a ~ ~ u m a s ~ z a ~ ~ u l u I m s ~ n i s ~ ~ n ~ i a n i u l 6 ~ a u ~ v ~ i m a u ~ n u

miudmn~raual.j;r?oIjlri luszuzuiafiazaiuisnw"mui~9u SIB 16 bunissznuyulu~duuuva~w"u5lj(i;ls

Page 7: ;.>i8- .% $:.'i'[, t...SIB iidsdurC~aiud=iznis i'ddoldd (aqrii oiaairiuwqa, 2556) I. d~ulGninigiitud~~ui~lunislQiiuuin~~~u l~u~~~i~l~lfi4dn15~~dd0dn"pd ~iu nisilnsriu nisAn?n& burinasnu

dd iuu i nisii~Gdns~nisua~nin?jniul6.u"adin"m6iu~udszui nin?zo:Guul%'snis~9mlG

dszyalhin~anau~.u"iui~u.u"a~aua ~riu nislGi7udniu w9abaolna~fau~5uw"u5Gmsszwdi~?gn"u~an"11u w - d l

(Public-Private Partnership: PPP) van na d s ~ r i r u ~ n n i a d o z d i i u n i 4 u i n i s d i i 9 ~ n i ~ ~ n - d ~ d n ~ n ? ~

$i~Cunisras u i C ~ i i u ;a ynainsua.mm?~oaWd?ud~~dsz~~5ni~nisw"i~iuua~mu~a~ Wiiusdgjlo

Mdozu~un'i~iu 5m6uuTolnssu I n u o z ~ ~ n ~ w " i ~ i u l u ~ d ~ ~ u u ~ ~ u 7 uanoind ~ n 3 a i n i s ~ a i u ~ u ~ O ( j i

~~~lllua"ninwruz~riudl8j~Qu~ssun"unin4~ rda.r~inr5unisr~mria~lGnin~anaul6?uwamau~~wu~~~~iiunas

l u u o r z ~ ~ u a ~ n i n ~ n a " u ~ ~ u ~ ? u f l a i u r ~ u d ~ a u ~ ~ ~ ~ a "

Page 8: ;.>i8- .% $:.'i'[, t...SIB iidsdurC~aiud=iznis i'ddoldd (aqrii oiaairiuwqa, 2556) I. d~ulGninigiitud~~ui~lunislQiiuuin~~~u l~u~~~i~l~lfi4dn15~~dd0dn"pd ~iu nisilnsriu nisAn?n& burinasnu
Page 9: ;.>i8- .% $:.'i'[, t...SIB iidsdurC~aiud=iznis i'ddoldd (aqrii oiaairiuwqa, 2556) I. d~ulGninigiitud~~ui~lunislQiiuuin~~~u l~u~~~i~l~lfi4dn15~~dd0dn"pd ~iu nisilnsriu nisAn?n& burinasnu

~n?uahnb ~8?~?~6in$. (u.d.d.). hsu"BilsBilouununisw"muia"s~8] (Social lrnpact Bond) : nisdanlwi

lurnmww?el%~~fi. au6u 11 qmnu 2560 8in http~~.kriengsakcom/SociaI%2OimpactOh2Obond

" 1 1 ~ 1 dJ dziiu'ifi. (13 nsngimu 2560). i i~aiuft in SIB w"uaCm~5aslwisiauw"wui SMES Inu.

au6u 11 qainu 2560 8in https://tdri.or.th/2017/07/social-impact-bond-for-smes/

uulG uai~a. (1 iiquiuu 2559). yuQuuRnuan Socia( Impact inverting : ~nai~sashns~~aknu.

iu6u 12 qainu 2560 8in http://w.tcdc.or.th/creativethailand/article/CoverStory/25680

aG8~dnnurvlu. (27 h l u u 2560). Sodal Impact Partnership 16~~~ j ( l l i " ~asn15 "~auaqu~isa"a~u".

i?u6u 17 qaimu 2560 i17n h t t p : / / k h o n t h a i f o u n d a t i o n . o r ~ t h / s o c i a ~ 44 d

nqti aivmriunqa. (3 qa~nu 2556). n a ~ n l w i 7 diwiu llnis~qu~C1a&~un (1): 8uasnnisiju w d 4 ~ s d u ~aa~nsiu". #u6u 10 q m 2560 mn h t t p ~ , ~ a ~ X ) 1 3 / 1 O / t ~ f i n a 1 ~ e /

. (26 Sumnu 2556). naInlwi q dimiu 1 6 n i n 4 u d a ~ ~ ~ u v (2): " w ' u ~ u ' P ~ ' ~ L ~ ~ R ' P R u . '

(Sorid hnpact Bond). aGu 11 qm 2560 m t - i t@/~@13/12/~I*pa=t -e /

. (23 unsinu 2557). nalnlwi q diwiv 11nis~udadstlu19 (3): J.isaumsrJoin "11UaC1~s

da&wl' aa$s. Zuh 11 ?aim 2560 nn httpslhipublra.a~2014/0V~Iimpact-bonckase/