Social Capital Initiatives

About Social Capital Initiatives

Social Capital Initiatives (formerly Asia Initiatives) is a 501(c)(3) nonprofit organization with its headquarters in New York City and supporting chapters in Tokyo and Singapore. Established in 1999, the organization works closely with local non-profit partner organizations across the world in grass roots sustainable development by enhancing social capital, local capacities, and people’s access to health, education and technology. Social Capital Initiatives has developed a system of Social Capital Credits (SoCCs), a transformative community currency that rewards people for socially beneficial work and helps under-served communities climb out of poverty. Communities earn SoCCs for doing social good such as managing waste, planting trees and sending daughters to school. SoCCs earned can be redeemed for products and services such as water filters, health check-ups and micro-credit loans. SoCCs are earned and redeemed through our online platform, the SoCC Market. SoCCs can be used to counter poverty, empower communities, and multiply the effect of development aid. Social Capital Initiatives is currently helping implement SoCCs in the following countries: Costa Rica, India, Ghana, Kenya, United States.