Browsing by Author "Patton, Aunnie"

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    Bound to Impact: a best practices guide to term sheets in African Impact Investing deals
    (2016) Pepper, Nicholas; Patton, Aunnie; McPherson, Sharron
    This study focuses on the Impact Investing industry in sub-Saharan Africa through a comparative analysis of three industry-leading institutions' term sheets. A key output of this exploratory research is the development of a best practices guide to social and environmental covenants (clauses included in the term sheet). The researcher has compiled primary data through practitioner interviews; secondary data was compiled by analysing executed legal documents and templates. The process was conducted with academic rigour in order to categorise and compare specific information. Preliminary research involved the researcher exchanging with a DFI and two commercial Impact Investors. The DFI provides both equity and debt, whereas one of the commercial Investors specialises in private equity and the other in private debt. The institutions are industry agnostic. The study has the objective to test two linked null hypotheses: ï‚· Impact Investors do not align their terms sheets to their values; and ï‚· Impact Investors do not require that certain clauses be systematically included in order to protect their interests Through case studies, the research initially develops on the key elements of an equity term sheet and provides a fictitious debt term sheet as a reference. Equity and debt legal documents are compared and analysed independently. After having isolated and analysed social and environmental covenants, the researcher concludes that neither hypothesis can be rejected. Further research is recommended limiting the scope to a specific industry or a specific asset class. Understanding and comparing Development Finance Institutions' methods would be of value. A quantitative analysis would isolate the success factors and appropriate constraints on the legal documentation in order to maximise financial and social and environmental returns.
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    Innovative Finance Week 1 Video 1 - Why we innovate
    (2019) Patton, Aunnie
    This video focuses on the purpose of innovation. We look at some reasons why innovation is important in making application for funding for Entrepreneurs. We also look at the the key issues that arise from current financial business models by looking at the current pyramid model. This is video 1/11 in week 1 of the Innovative Finance: Hacking Finance to change the World course.
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    Innovative Finance Week 1 Video 11 - Thinking about your issue area
    (2019) Patton, Aunnie
    This video summarises the main points on why we need to innovate in financing for social impact, We also mention that we went through the themes of impact in the case studies. We also provide a guide that goes into this week's assignment to talk about an issue. This is video 11/11 in week 1 of the Innovative Finance: Hacking Finance to change the World course.
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    Innovative Finance Week 1 Video 2 - Impact of access to housing
    (2019) Patton, Aunnie
    This video focuses on the thematic areas that are used in innovative finance. We make a reference of the Sustainable development Goals (SDG's). We also mention that that all the theme areas should at least cover the SDG 1, 2, 8, 10 and 12. With some directly specific to some SDG’s, we show that rapid urbanization poses challenges in the future of cities with 30% of the global urban population living in slum-like conditions in 2014. This is video 2/11 in week 1 of the Innovative Finance: Hacking Finance to change the World course.
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    Innovative Finance Week 1 Video 4 - Impact water, sanitation and hygiene
    (2019) Patton, Aunnie
    This video we focus on access to clean water. We highlight the issues of water as rare commodity that is one of the least valued in terms of investment. We show that the lack of investment in clean drinking water and sanitation is root to many health issues in countries that also cause economic challenges. We also highlight that the current global market for water is estimated at $360 billion, with an annual growth rate of 4-5%. This is video 4/11 in week 1 of the Innovative Finance: Hacking Finance to change the World course.
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    Innovative Finance Week 1 Video 6 - Impact energy
    (2019) Patton, Aunnie
    This video focuses on the impact of energy in countries. We highlight the need for energy in order to achieve high development. We also show that 1.2 billion people in the world do not have access to electricity, with Sub-Saharan Africa accounting for half of that population. We also highlight that there iis a high potential of investing in renewable energy in those regions as they have a capacity to generate 11 terawtt of renewable energy This is video 6/11 in week 1 of the Innovative Finance: Hacking Finance to change the World course.
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    Innovative Finance Week 1 Video 9 - Introducing the innovators
    (2019) Patton, Aunnie
    This video focuses on cases studies looking at different perspectives. We look at different organizations like Zoona, a social enterprise, Innovation Edge, a foundation, Slum Dwellers international, a nonprofit, Ashburton, an impact investor, and the Western Cape Government, a South African Governent. We also look at what makes a good issue area definitiion in innovative finance. This is video 9/11 in week 1 of the Innovative Finance: Hacking Finance to change the World course.
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    Innovative Finance Week 2 Video 6 - Engaging with your issue area
    (2019) Patton, Aunnie
    In this video focuses on how to assess the needs, challenges, and roadblocks in your issue or impact area. We discuss the use of design thinking as a way to encourage collaboration and connect with users. Also included are discussions on impact measurement and theory of change. We also look at the case study from the point of view of investors, organizations and provincial governments. lastly, we discuss how to create a plan of action for an engagement plan. This is video 6/6 in week 2 of the Innovative Finance: Hacking Finance to Change the World course.
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    Innovative Finance Week 3 Video 1 - Recognising value
    (2019) Patton, Aunnie
    This video focuses on creating revenue from different assets. The video lays out the questions to ask regarding the assets and their activities. It then discusses how the assets can be utilized and monetized more effectively. The video then provides examples of how you can demonstrate value to stakeholders and then monetize the value that you are have created. This is video 1/7 in week 3 of the Innovative Finance: Hacking Finance to Change the World course.
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    Innovative Finance Week 3 Video 2 - Revenue streams and monetising assets
    (2019) Patton, Aunnie
    This videos explores the different revenue stream options available for an innovative finance initiative. It starts by discussing how you can use the data you have collected as a source of income. It then moves on to consulting and provides examples of other organization making use of consulting as a source of revenue. Another option discussed is due diligence and how you can make use of your network of local organizations to provide due diligence for larger corporates and funders. Lastly, it also provides examples of organizations making use of subscriptions, insurance and leasing as a way of earning revenue. This is video 2/7 in week 3 of the Innovative Finance: Hacking Finance to Change the World course.
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    Innovative Finance Week 3 Video 3 - Types of funders
    (2019) Patton, Aunnie
    This video focuses on the types of funders available. The video discusses the different types of funding and how they can be put together to achieve the outcomes identified. It discusses funders from the private sector and the government as a source of funding. Lastly, it touches on institutional partners, development agencies and new technologies as sources of funding. This is video 3/7 in week 3 of the Innovative Finance: Hacking Finance to Change the World course.
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    Innovative Finance Week 3 Video 4 - Identifying impact funders
    (2019) Patton, Aunnie
    This video focuses on how to identify impact funders. The video disccusses ImpactBase and ImpactSpace as sources of information on impact funders. Lastly, it discusses various institutions as sources of funders' information. This is video 4/7 in week 3 of the Innovative Finance: Hacking Finance to Change the World course.
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    Innovative Finance Week 3 Video 7 - Monetising assets
    (2019) Patton, Aunnie
    This video focus on how to think about resources. It starts off by reflecting on the types of revenue steams and ways of monetizing assets. The video goes on to explain the variation in uses of resources by the different case studies. It touches on the continuous addition of funders by Innovation Edge and Ashburton's reliance on early adopters in impact investing. It then lays out the questions the consider when discussing the resource map for your issue area. This is video 7/7 in week 3 of the Innovative Finance: Hacking Finance to Change the World course.
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    Innovative Finance Week 4 Video 1 - Multi-stakeholder partnerships
    (2019) Patton, Aunnie
    This video focuses on multi-stakeholder partnerships. The video defines what multi-stakeholder partnerships are and also provides examples of multi-stakeholder partnerships. The first example is in the public health sector and the sector example is in the agricultural sector. Both examples outline who the stake holders are and what role they play in the respective programs. The video then discusses what makes these approaches innovative. This is video 1/11 in week 4 of the Innovative Finance: Hacking Finance to Change the World course.
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    Innovative Finance Week 4 Video 11 - Discovering opportunities
    (2019) Patton, Aunnie
    The video focuses on finding new opportunities and addressing risks. The video discusses how Zoona were able to expand their offerings by partnering with Mukuru. They discuss how they were able to increase their marketshare and access lots of different opportunities. The video also discusses how Ashburton was able to make use of their alignment with government priorities to identify potential partners. The video then discusses how the SDI was able to identify an opportunity to create multi-stakeholder partnerships. This is video 11/11 in week 4 of the Innovative Finance: Hacking Finance to Change the World course.
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    Innovative Finance Week 4 Video 2 - Business model innovation
    (2019) Patton, Aunnie
    This video focuses on business model innovation. The video defines what business model innovation is and also discusses why business model innovation is important to innovative finance. The video then shows how innovating the business model is applicable in multiple areas using industry examples. The video then discusses how data is seen as a significant asset that can be leveraged. Lastly, the video focuses on the weaknesses of the business model. This is video 2/11 in week 4 of the Innovative Finance: Hacking Finance to Change the World course.
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    Innovative Finance Week 4 Video 3 - Risk, Return & Impact
    (2019) Patton, Aunnie
    This video focuses on how to adjust a risk/return/impact profile. The video initially defines what a risk/return/impact profile is. The video then explains how to use the financial risk/return axis with the additional element of impact. It provides examples of how a development funder and a pension fund could use the risk/return/impact profile. The video also provides guidance on understanding your project's risk, return and impact potential. The video then touches on how a funder will also look at a project that makes use of a risk/return/impact profile. This is video 3/11 in week 4 of the Innovative Finance: Hacking Finance to Change the World course.
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    Innovative Finance Week 4 Video 4 - Real & Perceived Risk
    (2019) Patton, Aunnie
    This video focuses on understanding the difference between real and perceived risk. The video defines what real risk and perceived risk is. It also touches on how data is used to differentiate between real and perceived risk. The video also provides an example of perceived risk in microfinance. It also emphasizes how understanding the differences between real risks and perceived risks can assist in coming up with innovative finance strategies. The video then talks about risk return axis plus the additional impact axis. This is video 4/11 in week 4 of the Innovative Finance: Hacking Finance to Change the World course.
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    Innovative Finance Week 4 Video 6 - Early stage risk
    (2019) Patton, Aunnie
    This video focuses on early stage risk and scalability. The video discusses venture philanthropy and the various instruments they use to support their projects. It also talks about the role they play within companies and startups. The video also touches on the financial instruments used by funders when early stage risk is high. Incubators and how they help early stage startups are also discussed. The video then defines lifecycle funding and provides and industry example. This is video 6/11 in week 4 of the Innovative Finance: Hacking Finance to Change the World course.
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    Innovative Finance Week 4 Video 7 - Manager risk
    (2019) Patton, Aunnie
    This video focuses on manager risk. The video defines what manager risk is and how the lack of data is a problem. It also provides a solution on how to address the risk. It specifically looks at the use of guarantees and blended financing. Both are defined and then examples from industry are given. This is video 7/11 in week 4 of the Innovative Finance: Hacking Finance to Change the World course.