Social Income is an initiative in solidarity that aims to connect people across the world through small, impactful donations.
If you think about it, we already have everything we need to offset inequality: those who can help and those who can use it. All we need to do now is bring them together.
That’s where Social Income comes in ― to carry out a direct redistribution of wealth based on solidarity and enabled by technology.
Social Income won’t end structural inequality once and for all. But it will build a foundation for real change, helping those in need and giving everyone a chance to contribute to a fairer future.
By asking for a modest contribution of 1%, we make it possible for people from all walks of life to participate.
From you to someone in need. This is solidarity.
Made possible by the rise of mobile banking in Africa.
Social Income payments are sent directly to recipients’ mobile phones.
The amount disbursed is determined by the average salary where recipients live.
To be effective, it corresponds to at least 30% of typical monthly wages in the location where it is sent.
We work where we can make an impact. Sierra Leone.
We've started helping recipients in Sierra Leone, one of the poorest countries on Earth. There, a small donation can go a long way.
Average income in Sierra Leone: USD 45 per month
World Bank, 2018 (GDP nominal per capita)
As of March 2020, recipients each get USD 30 per month, guaranteed for three years.
As of March 2020, we’re in our Pilot Phase, which pays out Social Income to a small community in Freetown, Sierra Leone.
Starting in September 2020, we’ll enter our Development Phase, working with more contributors to reach a larger number of people in need.
By 2021, we’ll reach our Public phase, in which we’ll progressively roll out Social income to recipients and contributors on a larger scale.
Contributors will be able to make adjustments to their payment plans online.
We’ll be establishing a method and a set of qualitative and quantitative criteria to measure the project’s impact by.
Recipients will have the option to save the Social Income they receive instead of getting cash.
Slated for March 2021