Self-Funded Social Impact Investment: An Interdisciplinary Analysis of the Sardex Mutual Credit System

Wallis Motta, Paolo Dini and Laura Sartori

Journal of Social Entrepreneurship, 2017, vol. 8, issue 2, 149-164

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.

Date: 2017
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DOI: 10.1080/19420676.2017.1321576

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