CINXE.COM

<!DOCTYPE html> <html lang="en-sg" dir="ltr" prefix="og: https://ogp.me/ns#"> <head> <meta charset="utf-8" /> <noscript><style>form.antibot * :not(.antibot-message) { display: none !important; }</style> </noscript><style>body #backtotop {background: #003366;border-color: #003366;color: #ffffff;}body #backtotop:hover { background: #051e39; border-color: #051e39; }</style> <meta name="description" content="Ashoka Social Financial Services is inspired by the idea that the market has the potential to profoundly improve the quality and character of people鈥檚 lives..." /> <link rel="shortlink" href="https://www.ashoka.org/en-sg/node/4466" /> <link rel="canonical" href="https://www.ashoka.org/en-sg/program/ashoka-social-financial-services" /> <meta property="og:site_name" content="Ashoka" /> <meta property="og:type" content="story" /> <meta property="og:url" content="https://www.ashoka.org/en-sg/program/ashoka-social-financial-services" /> <meta property="og:title" content="Ashoka Social Financial Services | Ashoka" /> <meta property="og:description" content="Ashoka Social Financial Services is inspired by the idea that the market has the potential to profoundly improve the quality and character of people鈥檚 lives..." /> <meta property="og:image" content="https://www.ashoka.org/sites/default/files/styles/small_800x600_no_crop/public/sfs_0_0.jpg?itok=7CNiBIth" /> <meta property="og:image:url" content="https://www.ashoka.org/sites/default/files/styles/small_800x600_no_crop/public/sfs_0_0.jpg?itok=7CNiBIth" /> <meta name="twitter:card" content="summary_large_image" /> <meta name="twitter:title" content="Ashoka Social Financial Services | Ashoka" /> <meta name="twitter:description" content="Ashoka Social Financial Services is inspired by the idea that the market has the potential to profoundly improve the quality and character of people鈥檚 lives..." /> <meta name="twitter:url" content="https://www.ashoka.org/en-sg/program/ashoka-social-financial-services" /> <meta name="twitter:image" content="https://www.ashoka.org/sites/default/files/styles/small_800x600_no_crop/public/sfs_0_0.jpg?itok=7CNiBIth" /> <meta name="Generator" content="Drupal 9 (https://www.drupal.org)" /> <meta name="MobileOptimized" content="width" /> <meta name="HandheldFriendly" content="true" /> <meta name="viewport" content="width=device-width, initial-scale=1.0" /> <link rel="icon" href="/themes/custom/blanco_ashoka_org/favicon.ico" type="image/vnd.microsoft.icon" /> <title>Ashoka Social Financial Services | Ashoka</title> <link rel="stylesheet" media="all" href="/sites/default/files/css/css_m4F6Ar6sdQtJAuSxy91evZKXL3MdUjqkpJXGclyp1YA.css" /> <link rel="stylesheet" media="all" href="/sites/default/files/css/css_rcmMqLEUnvMTr_e0MGMh4QH9U-W6OetdVBCEWOvgIxg.css" /> </head> <body class="windows-wrapper alias--program-ashoka-social-financial-services nodetype--program logged-out"> <div id="skip"> <a class="visually-hidden focusable skip-link" href="#content"> Skip to content </a> </div> <div class="dialog-off-canvas-main-canvas" data-off-canvas-main-canvas>  <div class="overlay"></div> <div class="page-standard" id="pg__c">   <header id="header"> <div class="region region-branding"> <div id="block-blanco-ashoka-org-branding" class="site-branding block block-system block-system-branding-block"> <a href="/en-sg" title="Home" rel="home" class="logo"> <img src="/themes/custom/blanco_ashoka_org/logo.svg" alt="Home"/> Ashoka </a> <div class="site-name-wrapper"> <a href="/en-sg" title="Home" rel="home"> <span class="site-name">Malaysia & Singapore</span> </a> </div> </div> </div> <div class="region region-search"> <div class="header-main-search-form block block-ashoka-search block-header-main-search-form-block search-block-form" data-drupal-selector="header-main-search-form-2" id="block-blanco-ashoka-org-headermainsearchformblock"> <form data-action="/en-sg/program/ashoka-social-financial-services" class="antibot" action="/antibot" method="post" id="header-main-search-form--2" accept-charset="UTF-8"> <noscript> <div class="antibot-no-js antibot-message antibot-message-warning">You must have JavaScript enabled to use this form.</div> </noscript> <div class="js-form-item form-item js-form-type-search form-item-keys js-form-item-keys form-no-label"> <input data-drupal-selector="edit-keys" type="search" id="edit-keys--2" name="keys" value="" size="60" maxlength="128" class="form-search" /> </div> <input data-drupal-selector="edit-submit" type="submit" id="edit-submit--4" name="op" value="Search" class="button js-form-submit form-submit" /> <input autocomplete="off" data-drupal-selector="form-exudppaq9kj53ye8lxfnkktypq-x7vef9-3vy3-nhki" type="hidden" name="form_build_id" value="form-EXUDpPaQ9kJ53Ye8LXfNKKtYpQ-X7Vef9-3vY3_NHkI" /> <input data-drupal-selector="edit-header-main-search-form-2" type="hidden" name="form_id" value="header_main_search_form" /> <input data-drupal-selector="edit-antibot-key" type="hidden" name="antibot_key" value="" /> </form> <span class="search-icon">Search</span> <span class="search-close-icon"></span> </div> </div> <span class="toggle-hamburger">Hamburger</span> <div class="region region-nav"> <div class="toggle-heading">MENU <a class="close-menu">Close<em class="fas fa-times"></em></a></div> <div id="block-blanco-ashoka-org-mainnavigation" class="block block-superfish block-superfishmain"> <div id="superfish-menu"> <ul id="superfish-main" class="menu sf-menu sf-main sf-horizontal sf-style-none main-menu-link"> <li id="main-menu-link-contentc22127b4-a007-4012-8328-baa9a2fec099" class="sf-depth-1 main-menu-link menuparent"><span class="sf-depth-1 menuparent nolink">About</span><ul><li id="main-menu-link-content6c0b6b80-948a-4d2b-845a-84966e78c083" class="sf-depth-2 main-menu-link sf-no-children"><a href="/en-sg/about-ashoka" class="sf-depth-2">Ashoka Worldwide</a></li><li id="main-menu-link-contentfc75c30f-da9a-475b-96da-986f28ed0ea2" class="sf-depth-2 main-menu-link sf-no-children"><a href="/en-sg/country/singapore" class="sf-depth-2">Ashoka in Malaysia & Singapore</a></li><li id="main-menu-link-contentde1ee26f-f7fc-445f-b667-6d4668c93be6" class="sf-depth-2 main-menu-link sf-no-children"><a href="/en-sg/press-resources-and-inquiries" class="sf-depth-2">Press Resources and Inquiries</a></li><li id="main-menu-link-contentfb64f356-b204-4655-b5c3-9521a1a57a77" class="sf-depth-2 main-menu-link sf-no-children"><a href="/en-sg/annual-reports" class="sf-depth-2">Annual Reports</a></li><li id="main-menu-link-content68ded362-091f-4613-b6b7-6aeb99ac4a64" class="sf-depth-2 main-menu-link sf-no-children"><a href="/en-sg/contact" class="sf-depth-2">Contact</a></li></ul></li><li id="main-menu-link-content3717c716-547d-4e63-bb3b-ff27855acb13" class="active-trail sf-depth-1 main-menu-link menuparent"><span class="sf-depth-1 menuparent nolink">What We Do</span><ul><li id="main-menu-link-content0eafbd44-9cdb-43a8-9355-47f06ed952c4" class="sf-depth-2 main-menu-link menuparent"><span class="sf-depth-2 menuparent nolink">Our Priorities</span><ul><li id="main-menu-link-contenta283d9f5-143d-4fc3-90c2-a05cecf7d214" class="sf-depth-3 main-menu-link sf-no-children"><a href="/en-sg/focus/social-entrepreneurship" class="sf-depth-3">Social Entrepreneurship</a></li><li id="main-menu-link-content07988122-9704-4eb9-a0c3-dd6112735939" class="sf-depth-3 main-menu-link sf-no-children"><a href="/en-sg/focus/empathy-and-young-changemaking" class="sf-depth-3">Empathy and Young Changemaking</a></li><li id="main-menu-link-content36860b9c-63d7-45a8-a657-208b71076b53" class="sf-depth-3 main-menu-link sf-no-children"><a href="/en-sg/focus/organizing-changemaking" class="sf-depth-3">Organizing for Changemaking</a></li></ul></li><li id="main-menu-link-content9d9d8983-4bc6-4b4d-9f63-fc616eb6bde1" class="sf-depth-2 main-menu-link menuparent"><span class="sf-depth-2 menuparent nolink">Programs in Singapore & Malaysia</span><ul><li id="main-menu-link-contentb3f31a89-7c23-4828-aa78-94529319209d" class="sf-depth-3 main-menu-link sf-no-children"><a href="/en-sg/program/ashoka-venture-and-fellowship" class="sf-depth-3">Ashoka Venture & Fellowship</a></li></ul></li><li id="main-menu-link-content0c8a63f9-a706-4721-b20d-ed3831b3dbe0" class="sf-depth-2 main-menu-link sf-no-children"><a href="/en-sg/our-programs" class="sf-depth-2">Other Ashoka Programs</a></li><li id="main-menu-link-contentecdc8c37-1798-4db7-bd58-0accca49dc1b" class="sf-depth-2 main-menu-link sf-no-children"><a href="/en-sg/ashokas-impact-snapshot" class="sf-depth-2">Our Impact</a></li></ul></li><li id="main-menu-link-content18d4c845-d778-4015-8c25-108d3a93b636" class="sf-depth-1 main-menu-link menuparent"><span class="sf-depth-1 menuparent nolink">Stories</span><ul><li id="main-menu-link-content583ad38a-4504-4d29-b232-af7486be969e" class="sf-depth-2 main-menu-link sf-no-children"><a href="/en-sg/collection/news-our-network" class="sf-depth-2">News</a></li><li id="main-menu-link-content81e9037e-812b-4d2d-afa6-f902264d6457" class="sf-depth-2 main-menu-link sf-no-children"><a href="/en-sg/ashoka-key-ideas" class="sf-depth-2">Ashoka Key Ideas</a></li><li id="main-menu-link-content4d572146-b71d-4e2c-8dc6-192e1abb8a28" class="sf-depth-2 main-menu-link sf-no-children"><a href="/en-sg/collection/stories-young-changemaking" class="sf-depth-2">Stories for Early Changemaking</a></li></ul></li><li id="main-menu-link-content2fe2ee8d-3344-4456-81a4-787389cc7f25" class="sf-depth-1 main-menu-link menuparent"><span class="sf-depth-1 menuparent nolink">Our Network</span><ul><li id="main-menu-link-content02c2c80d-abd9-4b00-8267-d1f0d1fc1a48" class="sf-depth-2 main-menu-link sf-no-children"><a href="/en-sg/ashoka-fellows" class="sf-depth-2">Ashoka Fellows</a></li><li id="main-menu-link-content7a429d8e-3b55-4ba2-af1c-f70aa9408d02" class="sf-depth-2 main-menu-link sf-no-children"><a href="/en-sg/program/ashoka-support-network" class="sf-depth-2">Ashoka Support Network</a></li><li id="main-menu-link-content61479044-cf69-4759-bd02-2c0d895c00b9" class="sf-depth-2 main-menu-link sf-no-children"><a href="/en-sg/our-partners" class="sf-depth-2">Our Partners</a></li><li id="main-menu-link-content45231dc9-b065-4ad6-897c-0229032f617f" class="sf-depth-2 main-menu-link sf-no-children"><a href="/en-sg/our-network" class="sf-depth-2">Changemaker Network Search</a></li></ul></li><li id="main-menu-link-contentc8c96597-44c2-48fd-be01-29f4d139c5ce" class="sf-depth-1 main-menu-link menuparent"><a href="/en-sg/engage-1" class="sf-depth-1 menuparent">Get Involved</a><ul><li id="main-menu-link-contentfd9ae8fd-79ce-4d9c-be4e-bb3cef52b482" class="sf-depth-2 main-menu-link sf-no-children"><a href="/en-sg/partner-us" class="sf-depth-2">Partner With Us</a></li><li id="main-menu-link-content4cc67c99-8b8f-471c-86bb-7adfc1af94e0" class="sf-depth-2 main-menu-link sf-no-children"><a href="/en-sg/engage/contribute-time-and-skills" class="sf-depth-2">Contribute Time & Skills</a></li><li id="main-menu-link-content6d1f839b-1fae-48c5-8f7f-b4f775763311" class="sf-depth-2 main-menu-link sf-no-children"><a href="/en-sg/ashoka-career-opportunities" class="sf-depth-2">Career Opportunities</a></li><li id="main-menu-link-contenta2d75a0a-3a31-45fa-873d-757d0ff0c09d" class="sf-depth-2 main-menu-link sf-no-children"><a href="/en-sg/recommend-ashoka-fellow" class="sf-depth-2">Recommend a Changemaker</a></li><li id="main-menu-link-content106f6263-a4e9-410e-91a1-29d88cbb90df" class="sf-depth-2 main-menu-link sf-no-children"><a href="/en-sg/events" class="sf-depth-2">Events</a></li></ul></li> </ul> </div> </div> <div id="block-blanco-ashoka-org-donatebuttonblock" class="block-ashoka-donate-donate-button-block"> <div class="donate-button"> <a href="/donate">Donate</a> </div> </div> <div class="header-main-search-form block block-ashoka-search block-header-main-search-form-block search-block-form" data-drupal-selector="header-main-search-form" id="block-blanco-ashoka-org-headermainsearchformblock-2"> <form data-action="/en-sg/program/ashoka-social-financial-services" class="antibot" action="/antibot" method="post" id="header-main-search-form" accept-charset="UTF-8"> <noscript> <div class="antibot-no-js antibot-message antibot-message-warning">You must have JavaScript enabled to use this form.</div> </noscript> <div class="js-form-item form-item js-form-type-search form-item-keys js-form-item-keys form-no-label"> <input data-drupal-selector="edit-keys" type="search" id="edit-keys" name="keys" value="" size="60" maxlength="128" class="form-search" /> </div> <input data-drupal-selector="edit-submit" type="submit" id="edit-submit--2" name="op" value="Search" class="button js-form-submit form-submit" /> <input autocomplete="off" data-drupal-selector="form-tiaojsp0zwtbfy0kbuh1ld9mn82dz9-wejq-dzfv6fg" type="hidden" name="form_build_id" value="form-TIAOjsp0ZWtBfy0KBUH1Ld9MN82dZ9-wEJq_dZfV6fg" /> <input data-drupal-selector="edit-header-main-search-form" type="hidden" name="form_id" value="header_main_search_form" /> <input data-drupal-selector="edit-antibot-key" type="hidden" name="antibot_key" value="" /> </form> <span class="search-icon">Search</span> <span class="search-close-icon"></span> </div> <div id="block-blanco-ashoka-org-countrylanguageswitcher" class="block block-ashoka-l10n block-ashoka-l10n-country-language-switcher"> <div class="country-switcher-block-heading">Location & Language Settings</div> <div class="country-switcher-wrapper"> <div class="country-switcher-popup-toggler">EN</div> <div class="country-switcher-popup-wrapper"> <form class="ashoka-l10n-country-language-switcher country-language-switcher-form antibot" data-drupal-selector="ashoka-l10n-country-language-switcher" data-action="/en-sg/program/ashoka-social-financial-services" action="/antibot" method="post" id="ashoka-l10n-country-language-switcher" accept-charset="UTF-8"> <noscript> <div class="antibot-no-js antibot-message antibot-message-warning">You must have JavaScript enabled to use this form.</div> </noscript> <div class="js-form-item form-item js-form-type-select form-item-site-country js-form-item-site-country"> <label for="edit-site-country" class="js-form-required form-required">Select Country</label> <select class="country-selector form-select required" data-drupal-selector="edit-site-country" id="edit-site-country" name="site_country" required="required" aria-required="true"><option value="VE">Andean Region</option><option value="EG">Arab World</option><option value="AT">Austria</option><option value="BD">Bangladesh</option><option value="BE">Belgium</option><option value="BR">Brazil</option><option value="CA">Canada</option><option value="CL">Chile</option><option value="CZ">Czechia & Slovakia</option><option value="KE">East Africa</option><option value="FR">France</option><option value="DE">Germany</option><option value="GR">Greece</option><option value="HU">Hungary</option><option value="IN">India</option><option value="ID">Indonesia</option><option value="IL">Israel</option><option value="IT">Italy</option><option value="JP">Japan</option><option value="SG" selected="selected">Malaysia & Singapore</option><option value="MX">Mexico</option><option value="NL">Netherlands</option><option value="SE">Nordic Region</option><option value="PH">Philippines</option><option value="PL">Poland</option><option value="PT">Portugal</option><option value="RO">Romania</option><option value="SN">Sahel (Senegal)</option><option value="KR">South Korea</option><option value="ZA">Southern Africa</option><option value="AR">Southern Cone</option><option value="ES">Spain</option><option value="CH">Switzerland</option><option value="TH">Thailand</option><option value="TR">Turkey</option><option value="GB">UK & Ireland</option><option value="US">United States</option><option value="NG">Western Africa</option></select> </div> <input class="js-hide button js-form-submit form-submit" data-drupal-selector="edit-submit" type="submit" id="edit-submit--3" name="op" value="Submit" /> <input autocomplete="off" data-drupal-selector="form-rwfwsedol30lrripxakl9-3oy1gnuvobfvkgr-gvm6w" type="hidden" name="form_build_id" value="form-RwFwsEdOl30LRrIPXAKL9-3oY1gNuvObfvKgR_GvM6w" /> <input data-drupal-selector="edit-ashoka-l10n-country-language-switcher" type="hidden" name="form_id" value="ashoka_l10n_country_language_switcher" /> <input data-drupal-selector="edit-antibot-key" type="hidden" name="antibot_key" value="" /> </form> </div></div> </div> </div> </header>   <div class="box-component-wrapper no-vertical-padding section-spacing"> <div class="box fixed-container"> <div class="content-top"> <div class="region region-content-top"> <div data-drupal-messages-fallback class="hidden"></div> </div> </div> </div> </div> <section id="main"> <article id="content"> <section id="content-area"> <div class="region region-content"> <div id="block-blanco-ashoka-org-content" class="block block-system block-system-main-block"> <article role="article" class="entity--type-node node node--type-program node--view-mode-full"> <div class="content"> <section class="parent-header-banner paragraph paragraph--type--video-banner paragraph--view-mode--default banner-wrap video-banner bg-image video-banner-16872-default lazy-background" id="ashoka-social-financial-services"> <div class="trans-layer section-spacing"> <div class="banner-content-wrap box-component-wrapper"> <div class="box fixed-container"> <div class="content-wrap col-wrap two-col"> <div class="col left-col"> <div class="text-content"> <h1 class="title-caption"> Ashoka Social Financial Services </h1> <div class="desc"> <div class="text-formatted"> <p>Ashoka Social Financial Services is inspired by the idea that the market has the potential to profoundly improve the quality and character of people鈥檚 lives. Unfortunately, the market is not working as well as it could. We are incubating a new strategic focus that seeks to create Well Functioning Markets, where creating value by fostering a broad range of structural innovations generates profits.</p> </div> </div> </div> </div> <div class="col right-col"> <picture> <source srcset="/sites/default/files/styles/4_10_width_desktop_2x/public/2017-06-14_10.11.38.jpg.webp?itok=xxTLV4tg 1x, /sites/default/files/styles/4_10_width_desktop_2x/public/2017-06-14_10.11.38.jpg.webp?itok=xxTLV4tg 2x" media="(min-width: 1024px)" type="image/webp"/> <source srcset="/sites/default/files/styles/4_10_width_tablet/public/2017-06-14_10.11.38.jpg.webp?itok=arNLmMfs 1x, /sites/default/files/styles/4_10_width_tablet_2x/public/2017-06-14_10.11.38.jpg.webp?itok=EULncy7q 2x" media="(min-width: 768px)" type="image/webp"/> <source srcset="/sites/default/files/styles/4_10_width_mobile/public/2017-06-14_10.11.38.jpg.webp?itok=6OFdUAV- 1x, /sites/default/files/styles/4_10_width_mobile_2x/public/2017-06-14_10.11.38.jpg.webp?itok=MLz3Xllq 2x" type="image/webp"/> <source srcset="/sites/default/files/styles/4_10_width_desktop_2x/public/2017-06-14_10.11.38.jpg?itok=xxTLV4tg 1x, /sites/default/files/styles/4_10_width_desktop_2x/public/2017-06-14_10.11.38.jpg?itok=xxTLV4tg 2x" media="(min-width: 1024px)" type="image/jpeg"/> <source srcset="/sites/default/files/styles/4_10_width_tablet/public/2017-06-14_10.11.38.jpg?itok=arNLmMfs 1x, /sites/default/files/styles/4_10_width_tablet_2x/public/2017-06-14_10.11.38.jpg?itok=EULncy7q 2x" media="(min-width: 768px)" type="image/jpeg"/> <source srcset="/sites/default/files/styles/4_10_width_mobile/public/2017-06-14_10.11.38.jpg?itok=6OFdUAV- 1x, /sites/default/files/styles/4_10_width_mobile_2x/public/2017-06-14_10.11.38.jpg?itok=MLz3Xllq 2x" type="image/jpeg"/> <img src="/sites/default/files/styles/4_10_width_desktop_2x/public/2017-06-14_10.11.38.jpg?itok=xxTLV4tg" alt="Deep-Dive Masters Program SFS Photo" loading="lazy" /> </picture> </div> </div> </div> </div> </div> </section> <style> @media only screen { .video-banner.video-banner-16872-default.visible { background-image: url(/sites/default/files/styles/full_width_image_mobile/public/2024-08/Our%20Community.jpg?itok=O09Vth0R); } } @media only screen and (-o-min-device-pixel-ratio: 5/4), only screen and (-webkit-min-device-pixel-ratio: 1.25), only screen and (min-device-pixel-ratio: 1.25), only screen and (min-resolution: 1.25dppx) { .video-banner.video-banner-16872-default.visible { background-image: url(/sites/default/files/styles/full_width_image_mobile_2x/public/2024-08/Our%20Community.jpg?itok=9blcY9F7); } } @media only screen and (min-width: 768px) { .video-banner.video-banner-16872-default.visible { background-image: url(/sites/default/files/styles/full_width_image_tablet/public/2024-08/Our%20Community.jpg?itok=e9DM2qUG); } } @media only screen and (min-width: 768px) and (-o-min-device-pixel-ratio: 5/4), only screen and (min-width: 768px) and (-webkit-min-device-pixel-ratio: 1.25), only screen and (min-width: 768px) and (min-device-pixel-ratio: 1.25), only screen and (min-width: 768px) and (min-resolution: 1.25dppx) { .video-banner.video-banner-16872-default.visible { background-image: url(/sites/default/files/styles/full_width_image_tablet_2x/public/2024-08/Our%20Community.jpg?itok=bomhjubt); } } @media only screen and (min-width: 1024px) { .video-banner.video-banner-16872-default.visible { background-image: url(/sites/default/files/styles/full_width_image_desktop/public/2024-08/Our%20Community.jpg?itok=kBtNUz_F); } } @media only screen and (min-width: 1024px) and (-o-min-device-pixel-ratio: 5/4), only screen and (min-width: 1024px) and (-webkit-min-device-pixel-ratio: 1.25), only screen and (min-width: 1024px) and (min-device-pixel-ratio: 1.25), only screen and (min-width: 1024px) and (min-resolution: 1.25dppx) { .video-banner.video-banner-16872-default.visible { background-image: url(/sites/default/files/styles/full_width_image_desktop_2x/public/2024-08/Our%20Community.jpg?itok=QRcj-Som); } } @media only screen and (min-width: 1440px) { .video-banner.video-banner-16872-default.visible { background-image: url(/sites/default/files/styles/full_width_image_large/public/2024-08/Our%20Community.jpg?itok=v2GUmzl0); } } </style> <section class="paragraph paragraph--type--paragraph-text-with-sidebar-tile paragraph--view-mode--default section-spacing box-component-wrapper" id="section-16876"> <div class="box fixed-container"> <div class="box-content"> <div class="paragraph-text-w-right-sidebar"> <div class="left-text-wrapper"> <div class="summary"> <div class="text-formatted"> <h3>Inspiration</h3> <p>Ashoka Social Financial Services is inspired by the idea that the market has the potential to profoundly improve the quality and character of people鈥檚 lives. This belief is motivated by three simple observations: the market affects everyone, it profoundly shapes the fabric of our lives, and it has the potential to be transformative.</p> <p>Unfortunately, the market is not working as well as it could. Inequality is increasing at a staggering rate. Several billion people are excluded from the formal financial sector. More than 800 million people do not have secure rights to the land under their homes. Too many young people do not see themselves as having a pathway toward a viable livelihood. The opportunity gap between men and women is not going away.</p> <h3>Strategy</h3> <p>To address this, social entrepreneurs around the world are developing promising innovations that create greater alignment between profit seeking and generating impact. When they succeed, these innovations change what it takes to succeed in the market, and as a result, they change where people focus their efforts and deploy their resources. In so doing, these innovations have the potential to shape patterns of market activity on a large scale.<br />  <br /> Recognizing the potential of these innovations, we are incubating a new strategic focus that seeks to create <em>Well Functioning Markets</em>, where creating value by fostering a broad range of structural innovations <span style="line-height: 20.8px;">generates profits</span>.</p> </div> </div> </div> <aside class="right-sidebar-wrapper"> </aside> </div> </div> </div> </div> <section class="paragraph paragraph--type--testimonial-slider paragraph--view-mode--default box-wrap testimonials-slide-section-wrap section-spacing no-bottom-padding light-blue-bottom box-component-wrapper" id="section-16882"> <div class="box fixed-container"> <div class="box-content testimonials-slide testimonial-single"> <div class="paragraph paragraph--type--testimonial paragraph--view-mode--default slide-item"> <blockquote> <div class="quote-wrap"> <div class="text-content"> <div class="quote"> </div> <div class="title"> </div> <div class="affiliation"> </div> </div> <div class="user-pic"> <div class="custom-paging-no-image">No Image</div> </div> </div> </blockquote> </div> </div> </div> <div class="single-slide-cta"> </div> </section> <section class="paragraph paragraph--type--staff-list paragraph--view-mode--default box-component-wrapper person-tiles-list section-spacing lightblue-bg" id="section-16878"> <div class="box fixed-container"> <div class="box-content col-wrap four-col"> <div role="article" class="entity--type-node person-tile col popup-trigger" data-target-id="popup-8464-1933"> <div class="content-wrap "> <div class="img-wrap"> <a href=/people/stuart-yasgur> <a href="/people/stuart-yasgur"> <picture> <source srcset="/sites/default/files/styles/large_round_icon/public/people/stuart_f_yasgur_photo_1.jpg.webp?itok=afpYZbRg 1x, /sites/default/files/styles/large_round_icon_2x/public/people/stuart_f_yasgur_photo_1.jpg.webp?itok=cgRcxBki 2x" type="image/webp"/> <source srcset="/sites/default/files/styles/large_round_icon/public/people/stuart_f_yasgur_photo_1.jpg?itok=afpYZbRg 1x, /sites/default/files/styles/large_round_icon_2x/public/people/stuart_f_yasgur_photo_1.jpg?itok=cgRcxBki 2x" type="image/jpeg"/> <img srcset="/sites/default/files/styles/large_round_icon/public/people/stuart_f_yasgur_photo_1.jpg?itok=afpYZbRg 1x, /sites/default/files/styles/large_round_icon_2x/public/people/stuart_f_yasgur_photo_1.jpg?itok=cgRcxBki 2x" src="/sites/default/files/styles/large_round_icon/public/people/stuart_f_yasgur_photo_1.jpg?itok=afpYZbRg" alt="Stuart Yasgur" loading="lazy" /> </picture> </a> </a> </div> <div class="info-wrap"> <h3 class="title small-h3"> <a href=/people/stuart-yasgur>Stuart Yasgur</a> </h3> <p class="subtitle"> VP & Global Leadership Group Member of Ashoka </p> </div> </div> </div> <div class="popup popup-8464-1933 popup-target"> <div class="popup-dialog"> <div class="popup-content"> <div class="popup-header"> <a class="close-button" data-dismiss="modal"><em class="fas fa-times"></em></a> </div> <div class="popup-body"> <div role="article" class="entity--type-node person-row"> <div class="content-wrap "> <div class="img-wrap"> <a href=/people/stuart-yasgur> <picture> <source srcset="/sites/default/files/styles/large_round_icon/public/people/stuart_f_yasgur_photo_1.jpg.webp?itok=afpYZbRg 1x, /sites/default/files/styles/large_round_icon_2x/public/people/stuart_f_yasgur_photo_1.jpg.webp?itok=cgRcxBki 2x" type="image/webp"/> <source srcset="/sites/default/files/styles/large_round_icon/public/people/stuart_f_yasgur_photo_1.jpg?itok=afpYZbRg 1x, /sites/default/files/styles/large_round_icon_2x/public/people/stuart_f_yasgur_photo_1.jpg?itok=cgRcxBki 2x" type="image/jpeg"/> <img srcset="/sites/default/files/styles/large_round_icon/public/people/stuart_f_yasgur_photo_1.jpg?itok=afpYZbRg 1x, /sites/default/files/styles/large_round_icon_2x/public/people/stuart_f_yasgur_photo_1.jpg?itok=cgRcxBki 2x" src="/sites/default/files/styles/large_round_icon/public/people/stuart_f_yasgur_photo_1.jpg?itok=afpYZbRg" alt="Stuart Yasgur" loading="lazy" /> </picture> </a> </div> <div class="info-wrap"> <h3 class="title"> <a href=/people/stuart-yasgur> Stuart Yasgur </a> </h3> <p class="subtitle"> VP & Global Leadership Group Member of Ashoka </p> </div> <div class="desc-wrap"> <p>Twitter: @stuartyasgur</p> </div> </div> </div> </div> <div class="popup-footer"> <button class="button darkblue-button close-button" data-dismiss="modal">Close</button> </div> </div> </div> </div> </div> </div> </section> </div>  </article>  </div> </div> </section> </article> </section>   <footer id="footer" class="box-component-wrapper section-spacing"> <div class="box fixed-container"> <div class="footer-top"> <div class="footer-first footer" id="footer-first"> <div class="region region-footer-first"> <div class="views-element-container block block-views block-views-blockaffiliated-countries-contact-information-current" id="block-blanco-ashoka-org-views-block-affiliated-countries-contact-information-current"> <h2>Contact</h2> <div><div class="js-view-dom-id-24634b26b79adbda9120abe09859e21d547f191fcd7d9e5d4836c80ee8a141f1"> <div class="views-row"> <div class="paragraph paragraph--type--country-address paragraph--view-mode--footer-address"> <p class="address" translate="no"><span class="organization">Ashoka Malaysia & Singapore</span><br> <span class="address-line1">141 Middle Road</span><br> <span class="address-line2">GSM Building, #05-05</span><br> <span class="postal-code">188976</span><br> <span class="country">Singapore</span></p> <div class="telephone"> <a href="tel:%28%2B65%2963393824">(+65) 6339 3824</a> </div> <div class="mailto"> <a href="/cdn-cgi/l/email-protection#3b4852555c5a4b54495e7b5a485354505a1554495c"><span class="__cf_email__" data-cfemail="0d7e64636a6c7d627f684d6c7e6562666c23627f6a">[email protected]</span></a> </div> </div> <div class="social-links"> <a id="facebook-share" href="https://www.facebook.com/AshokaMalaysiaSingapore/" target="_blank" class="ic-facebook"><em class="fab fa-facebook-f"></em>Facebook</a> <a id = "insta-share" href="https://www.instagram.com/ashokamysg/" target="_blank" class="ic-instagram"><em class="fab fa-instagram"></em>Instagram</a> <a id = "linkedin-share" href="https://www.linkedin.com/in/ashoka-malaysia-and-singapore-b33b2171/" target="_blank" class="ic-linkedin"><em class="fab fa-linkedin-in"></em>Linkedin</a> <a id = "twitter-share" href="https://twitter.com/AshokaSingapore" target="_blank" class="ic-twitter"><em class="fa-brands fa-x-twitter"></em>Twitter</a> </div> </div> </div> </div> </div> <div id="block-blanco-ashoka-ourlocation" class="block block-block-content block-block-contentfefde9b7-747f-4163-90ab-39f0b47088cd"> <p><a class="external-link" href="http://www.ashoka.org/our-locations" rel="nofollow noopener" target="_blank"><em>About Ashoka Office Locations Worldwide</em></a></p> </div> </div> </div>  <div class="footer-second footer" id="footer-second"> <div class="region region-footer-second"> <nav role="navigation" aria-labelledby="block-blanco-ashoka-org-learnmore-menu" id="block-blanco-ashoka-org-learnmore" class="block block-menu navigation block-system-menublock menu--learn-more"> <h2 id="block-blanco-ashoka-org-learnmore-menu">Learn More</h2> </nav> </div> </div>  <div class="footer-third footer" id="footer-third"> <div class="region region-footer-third"> <div id="block-blanco-ashoka-org-ashokanewsletterblock" class="block block-ashoka-newsletter block-ashoka-newsletter-block"> <h2>Stay Connected</h2> <div class="box-component-wrapper"><div class="box fixed-container"><form data-drupal-selector="newsletter-subscription-form-footer" data-action="/en-sg/program/ashoka-social-financial-services" class="antibot" action="/antibot" method="post" id="newsletter-subscription-form-footer" accept-charset="UTF-8"> <noscript> <div class="antibot-no-js antibot-message antibot-message-warning">You must have JavaScript enabled to use this form.</div> </noscript> <div class="gdpr-notice">We'd love to stay in touch! Sign up below to receive updates on Ashoka's work.</div><div class="js-form-item form-item js-form-type-textfield form-item-first-name js-form-item-first-name"> <label for="edit-first-name" class="js-form-required form-required">First Name</label> <input placeholder="First Name" data-drupal-selector="edit-first-name" type="text" id="edit-first-name" name="first_name" value="" size="60" maxlength="128" class="form-text required" required="required" aria-required="true" /> </div> <div class="js-form-item form-item js-form-type-textfield form-item-last-name js-form-item-last-name"> <label for="edit-last-name" class="js-form-required form-required">Last Name</label> <input placeholder="Last Name" data-drupal-selector="edit-last-name" type="text" id="edit-last-name" name="last_name" value="" size="60" maxlength="128" class="form-text required" required="required" aria-required="true" /> </div> <div class="js-form-item form-item js-form-type-email form-item-email js-form-item-email"> <label for="edit-email" class="js-form-required form-required">Email Address</label> <input placeholder="Email Address" required="required" pattern="^\S+@\S+\.\S+$" title="This is an invalid email address" data-drupal-selector="edit-email" type="email" id="edit-email" name="email" value="" size="60" maxlength="254" class="form-email required" aria-required="true" /> </div> <input data-drupal-selector="edit-newsletter-country" type="hidden" name="newsletter_country" /> <div class="gdpr-notice">By submitting this form, you acknowledge that your Personal Data may be transferred to and processed in countries that do not provide the same level of data protection as your home country, as described in the <a href="/privacy-policy">Privacy Policy</a>.</div><input class="subscribe-submit footer-subscribe-submit button js-form-submit form-submit" data-drupal-selector="edit-submit" type="submit" id="edit-submit" name="op" value="Sign Up For Communications" /> <input autocomplete="off" data-drupal-selector="form-7nwa01lx1o1uevhgwd5nw8cnlriurrs-48tl9ce8jo" type="hidden" name="form_build_id" value="form-7NWa01LX1O1uEvHGWD5Nw8cnlrIURRs-_48Tl9cE8jo" /> <input data-drupal-selector="edit-newsletter-subscription-form-footer" type="hidden" name="form_id" value="newsletter_subscription_form_footer" /> <input data-drupal-selector="edit-antibot-key" type="hidden" name="antibot_key" value="" /> </form> </div></div><div><a href="https://www.ashoka.org/en-sg/ashokas-privacy-policy" hreflang="en-sg">Privacy Policy</a><br><a href="https://www.ashoka.org/en-sg/cookie-policy" hreflang="en-sg">Cookie Policy</a><br><a href="https://www.ashoka.org/en-sg/ashokas-terms-service" hreflang="en-sg">Terms of Service</a><br>Ashoka庐 a trademark of Ashoka</div> </div> </div> </div>  </div> <div class="footer-bottom"> </div> </div> </footer>  </div>    </div> <script data-cfasync="false" src="/cdn-cgi/scripts/5c5dd728/cloudflare-static/email-decode.min.js"></script><script type="application/json" data-drupal-selector="drupal-settings-json">{"path":{"baseUrl":"\/","scriptPath":null,"pathPrefix":"en-sg\/","currentPath":"node\/4466","currentPathIsAdmin":false,"isFront":false,"currentLanguage":"en-sg"},"pluralDelimiter":"\u0003","suppressDeprecationErrors":true,"ajaxPageState":{"libraries":"antibot\/antibot.form,ashoka_core\/admin,ashoka_core\/ckeditor_paste_text,ashoka_core\/fontawesome,ashoka_gdpr\/ashoka_gdpr_cookie_compliance_acceptance_tracker,ashoka_l10n\/country_language_switcher,ashoka_newsletter\/ashoka_newsletter,back_to_top\/back_to_top_js,back_to_top\/back_to_top_text,blanco\/atoms,blanco\/banner_base,blanco\/basic_style,blanco\/common_filter,blanco\/equal_height,blanco\/fontawesome,blanco\/footer,blanco\/header,blanco\/layout,blanco\/lazy_loader,blanco\/legacy,blanco\/merriweather_fonts,blanco\/notosans,blanco\/paragraph_text_w_right_sidebar,blanco\/person_list,blanco\/person_rows,blanco\/person_tile,blanco\/person_tile_list,blanco\/popup,blanco\/social_links,blanco\/testimonial_slider,blanco\/theme_overrides,blanco\/transition_countries_popup,blanco\/video_banner,blanco_ashoka_org\/theme_overrides,chosen\/drupal.chosen,chosen_lib\/chosen.css,core\/drupal.dialog.ajax,core\/picturefill,paragraphs\/drupal.paragraphs.unpublished,social_media_links\/social_media_links.theme,superfish\/superfish,superfish\/superfish_hoverintent,superfish\/superfish_smallscreen,superfish\/superfish_supersubs,system\/base,views\/views.module","theme":"blanco_ashoka_org","theme_token":null},"ajaxTrustedUrl":{"form_action_p_pvdeGsVG5zNF_XLGPTvYSKCf43t8qZYSwcfZl2uzM":true},"back_to_top":{"back_to_top_button_trigger":100,"back_to_top_prevent_on_mobile":true,"back_to_top_prevent_in_admin":false,"back_to_top_button_type":"text","back_to_top_button_text":""},"eu_cookie_compliance":{"cookie_policy_version":"1.0.0","popup_enabled":true,"popup_agreed_enabled":false,"popup_hide_agreed":false,"popup_clicking_confirmation":false,"popup_scrolling_confirmation":false,"popup_html_info":"\u003Cdiv class=\u0022eu-cookie-compliance-banner\u0022\u003E\n \u003Cdiv class=\u0022popup-content eu-cookie-compliance-content\u0022\u003E\n \u003Cdiv id=\u0022popup-text\u0022 class=\u0022popup-text eu-cookie-compliance-message\u0022\u003E\n \u003Cp\u003EThis site uses cookies to deliver content, provide enhanced features, and analyze performance. By clicking \u0022Accept\u0022, you agree to setting these cookies as outlined in the\u0026nbsp;\u003Ca href=\u0022\/en\/cookie-policy\u0022 target=\u0022_blank\u0022\u003ECookie Policy\u003C\/a\u003E. Clicking \u0022Decline\u0022 may cause parts of this site to not function as expected.\u003C\/p\u003E\n \u003C\/div\u003E\n \u003Cdiv id=\u0022popup-buttons\u0022 class=\u0022eu-cookie-compliance-buttons\u0022\u003E\n \u003Cbutton type=\u0022button\u0022 class=\u0022agree-button eu-cookie-compliance-secondary-button button\u0022\u003EAccept\u003C\/button\u003E\n \u003Cbutton type=\u0022button\u0022 class=\u0022find-more-button\u0022\u003EDecline\u003C\/button\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E","use_mobile_message":false,"mobile_popup_html_info":"\u003Cdiv class=\u0022eu-cookie-compliance-banner\u0022\u003E\n \u003Cdiv class=\u0022popup-content eu-cookie-compliance-content\u0022\u003E\n \u003Cdiv id=\u0022popup-text\u0022 class=\u0022popup-text eu-cookie-compliance-message\u0022\u003E\n \n \u003C\/div\u003E\n \u003Cdiv id=\u0022popup-buttons\u0022 class=\u0022eu-cookie-compliance-buttons\u0022\u003E\n \u003Cbutton type=\u0022button\u0022 class=\u0022agree-button eu-cookie-compliance-secondary-button button\u0022\u003EAccept\u003C\/button\u003E\n \u003Cbutton type=\u0022button\u0022 class=\u0022find-more-button\u0022\u003EDecline\u003C\/button\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E","mobile_breakpoint":768,"popup_html_agreed":false,"popup_use_bare_css":true,"popup_height":"auto","popup_width":"100%","popup_delay":400,"popup_link":"\/privacy-policy","popup_link_new_window":true,"popup_position":false,"fixed_top_position":false,"popup_language":"en-sg","store_consent":false,"better_support_for_screen_readers":true,"cookie_name":"","reload_page":true,"domain":"","domain_all_sites":false,"popup_eu_only":false,"popup_eu_only_js":false,"cookie_lifetime":100,"cookie_session":0,"set_cookie_session_zero_on_disagree":0,"disagree_do_not_show_popup":true,"method":"opt_in","automatic_cookies_removal":true,"allowed_cookies":"","withdraw_markup":"\u003Cbutton type=\u0022button\u0022 class=\u0022eu-cookie-withdraw-tab\u0022\u003EPrivacy settings\u003C\/button\u003E\n\u003Cdiv aria-labelledby=\u0022popup-text\u0022 class=\u0022eu-cookie-withdraw-banner\u0022\u003E\n \u003Cdiv class=\u0022popup-content info eu-cookie-compliance-content\u0022\u003E\n \u003Cdiv id=\u0022popup-text\u0022 class=\u0022eu-cookie-compliance-message\u0022 role=\u0022document\u0022\u003E\n \u003Ch2\u003EWe use cookies on this site to enhance your user experience\u003C\/h2\u003E\u003Cp\u003EYou have given your consent for us to set cookies.\u003C\/p\u003E\n \u003C\/div\u003E\n \u003Cdiv id=\u0022popup-buttons\u0022 class=\u0022eu-cookie-compliance-buttons\u0022\u003E\n \u003Cbutton type=\u0022button\u0022 class=\u0022eu-cookie-withdraw-button \u0022\u003EWithdraw consent\u003C\/button\u003E\n \u003C\/div\u003E\n \u003C\/div\u003E\n\u003C\/div\u003E","withdraw_enabled":false,"reload_options":0,"reload_routes_list":"","withdraw_button_on_info_popup":false,"cookie_categories":[],"cookie_categories_details":[],"enable_save_preferences_button":false,"cookie_value_disagreed":"0","cookie_value_agreed_show_thank_you":"1","cookie_value_agreed":"2","containing_element":"body","settings_tab_enabled":false,"olivero_primary_button_classes":"","olivero_secondary_button_classes":"","close_button_action":"close_banner","open_by_default":true,"modules_allow_popup":true,"hide_the_banner":false,"geoip_match":true},"antibot":{"forms":{"newsletter-subscription-form-footer":{"id":"newsletter-subscription-form-footer","key":"3wEHug9_NiXz5cnw8oUEZOaoINwmbrX84Naz2mn1HSQ"},"ashoka-l10n-country-language-switcher":{"id":"ashoka-l10n-country-language-switcher","key":"xxYci9KoVznYPbZfV0kiquUTBtOrynDdxlCmyMtoP0o"},"header-main-search-form":{"id":"header-main-search-form","key":"LMQY4BQOjK4eICZx1ZBkdvFDQ1riChHpYiuMdm7I-Ww"},"header-main-search-form--2":{"id":"header-main-search-form--2","key":"LMQY4BQOjK4eICZx1ZBkdvFDQ1riChHpYiuMdm7I-Ww"}}},"testimonial_slider":{"count":1},"chosen":{"selector":"select:not([name*=\u0022ExpirationMonth\u0022],[name*=\u0022ExpirationYear\u0022],[name*=\u0022tfa\u0022])","minimum_single":0,"minimum_multiple":0,"minimum_width":150,"use_relative_width":false,"options":{"disable_search":false,"disable_search_threshold":0,"allow_single_deselect":false,"search_contains":false,"placeholder_text_multiple":"Select some options","placeholder_text_single":"Select an option","no_results_text":"No results match","max_shown_results":null,"inherit_select_classes":true}},"superfish":{"superfish-main":{"id":"superfish-main","sf":{"delay":"10","animation":{"opacity":"show"},"speed":"fast","autoArrows":false,"dropShadows":false},"plugins":{"smallscreen":{"mode":"window_width","breakpoint":1024,"accordionButton":"0","title":"Main navigation"},"supersubs":true}}},"ashoka_l10n":{"siteCountry":"SG","countryLanguageMap":{"US":"en-us","BE":"en-be","CH":"en-ch","IN":"en-in","CA":"en-ca","NG":"en-ng","KE":"en-ke","SG":"en-sg","ZA":"en-za","GB":"en-gb","PH":"en-ph","FR":"fr-fr","SN":"fr-sn","AT":"de-at","DE":"de-de","BR":"pt-br","PT":"pt-pt","AR":"es-ar","CL":"es-cl","MX":"es-mx","ES":"es-es","VE":"es-ve","GR":"en-gr","KR":"en-kr","EG":"ar-aaw","NL":"en-nl","BD":"en-bd","CZ":"cs-cz","HU":"en-hu","ID":"en-id","IL":"en-il","IT":"it-it","JP":"ja-jp","PL":"pl-pl","TH":"en-th","TR":"tr-tr","SE":"en-nrd","RO":"ro-ro"}},"user":{"uid":0,"permissionsHash":"1e52c7bfe5b56f90e39c40444825cba2a80aa94247dadf014a3cf9702dd873b3"}}</script> <script src="/sites/default/files/js/js_GkVjNE8iSvxj-Tehn9wdsvtbK3RkpVo2qV3Rv6otjuU.js"></script> <script src="/themes/custom/blanco/js/eu_cookie_compliance.js?v=9.5.9" defer></script> <script src="/sites/default/files/js/js_CBR_s4gTggSkvl-TqSBVr2bDy5Qf_6S2w0XI5GPGSec.js"></script> <script>(function(){function c(){var b=a.contentDocument||a.contentWindow.document;if(b){var d=b.createElement('script');d.innerHTML="window.__CF$cv$params={r:'915e31bcca91fd9a',t:'MTc0MDIxOTExMC4wMDAwMDA='};var a=document.createElement('script');a.nonce='';a.src='/cdn-cgi/challenge-platform/scripts/jsd/main.js';document.getElementsByTagName('head')[0].appendChild(a);";b.getElementsByTagName('head')[0].appendChild(d)}}if(document.body){var a=document.createElement('iframe');a.height=1;a.width=1;a.style.position='absolute';a.style.top=0;a.style.left=0;a.style.border='none';a.style.visibility='hidden';document.body.appendChild(a);if('loading'!==document.readyState)c();else if(window.addEventListener)document.addEventListener('DOMContentLoaded',c);else{var e=document.onreadystatechange||function(){};document.onreadystatechange=function(b){e(b);'loading'!==document.readyState&&(document.onreadystatechange=e,c())}}}})();</script></body> </html>