Self-Funded Social Impact Investment: An Interdisciplinary Analysis of the Sardex Mutual Credit System. Issue 2 (4th May 2017)

• Record Type: Journal Article
• Authors: Motta, Wallis; Dini, Paolo; Sartori, Laura
• Is Part Of: Journal of social entrepreneurship. Volume 8:Issue 2(2017)
• Page Start: 149
• Page End: 164
• Publication Date: 2017-05-04
• Subjects: Mutual credit -- social finance -- sustainable development -- anthropology -- monetary theory -- sociology; Social entrepreneurship -- Periodicals; Social entrepreneurship; Periodicals; 361.76505
• DOI: 10.1080/19420676.2017.1321576
• Languages: English
• ISSNs: 1942-0676

Abstract

ABSTRACT: Sardex is a B2B electronic complementary currency and mutual credit system. It allows private funding to be endogenously generated within a geographically limited socio-economic context, rather than injected from exogenous sources, leading to a greater level of positive social impact. Sardex promotes stable and constructive integration of market activity with democratic institutions and socio-cultural values, and is hence identified with sustainable development. This paper presents a case study based on 29 semi-structured in-depth interviews of Sardex members. By drawing on monetary theory, sociology and anthropology, the paper argues that Sardex implements a form of self-funded social impact investment.