The Guaranty Trust Bank Plc has launched a new initiative it called Social Impact Challenge that would fund dozens of innovative ideas designed and executed by members of the general public.
Tagged: “ #SimpleChangeBigImpact,” the Social Impact Challenge invites individuals and groups to pitch ideas with the potential to enrich the lives of those in their community and receive funding from the bank to execute the change. This is the latest in a long line of CSR initiatives by GTBank, designed to foster socio-economic development across the country.
The bank’s Adopt-a-School initiative and Football Education Programmes have helped thousands of young students excel in and outside the classroom, while its autism advocacy has remarkably raised the social consciousness and societal support for people living with autism and other developmental disabilities. Now, with the Social Impact Challenge, the bank hopes to invest directly in the social infrastructure of at least 20 communities nationwide.
To participate in the Social Impact Challenge, interested person(s) are to pitch their idea in a one-minute video which they would share using the hashtag #SimpleIdeasBigImpact. The video pitch should contain the potential of the idea, how it would be executed and the budget required to get it done. The ideas must be executable within 120 hours and would be chosen by a combination of public endorsements on social media and expert assessments by the bank. The expert assessment would focus on the creativity, relevance, unique impact of the idea as well as the feasibility of executing the idea within the stipulated timeframe. Commenting on the bank’s latest programme, the managing director, Mr Segun Agbaje, said, “We are excited to organise an initiative that will showcase not just the ingenuity and creativity of Nigerians, but also their passion for making a positive social impact in their communities. This Social Impact Challenge reflects the premium we put on innovation and collaboration and demonstrates our commitment to giving back to society.”
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