Series - Canada’s Social Finance Ecosystem - What’s Next?

Without inclusion, Canada’s social impact sector won’t make real change — no matter how many dollars are poured into social finance funds

Author Nickie Shobeiry

Why It Matters

While the social impact sector aims to solve a lot of societal problems, it has a real lack of inclusion, making it much harder for leaders from equity-seeking groups to scale their organizations or share their expertise. This leads to a continuous cycle of inequality, especially when it comes to accessing new financing — including the $755 million Social Finance Fund.

This story is in partnership with Employment and Social Development Canada (ESDC). 

From a young age, Victor Beausoleil saw the power of community economic development first-hand: his mother was a sou-sou banker, part of an independent group contributing money to a common fund. “I watched these women organize economic relationships (with one another) to buy their first car, their first house,” Beausoleil says. 

Today, Beausoleil is the founder and executive director of Social Economy Through Social Inclusion (SETSI), creating a social impact ecosystem in Canada that provides meaningful opportunities for traditionally underrepresented communities to access funding. 

One way that SETSI does this is through its program, ‘New Narratives: Enhancing Equity and Diversity in the Social Eco

 

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