“We have long supported the work that Shared interest has done to promote social change and economic development in South Africa. Through our investment in the Shared Interest Guarantee Fund, we can also keep our commitment to our own shareholders to invest their assets in institutions that make a difference – and that have a positive impact.”
- Joseph Keefe
President and Chief Executive
Pax World Funds
WHY INVEST ?
Since 1994, socially respsonsible investors have partnered with Shared Interest to make an impact in low-income communities in Southern Africa.
These investments provide the collateral needed to guarantee commercial loans to previously disadvantaged entrepreneurs, farmers and home-owners.
Since inception, not one investor has lost either interest or principal as a result of a loan to Shared Interest.
If you would like to learn more about investment opportunities to support, please contact Casey T. Cline, Director of Impact Investing and Operations at 646-442-0184 or firstname.lastname@example.org.
“We are investing in Shared Interest in order to begin to move Southern African financial institutions to lend to smallholder farmers and emerging small and micro-business owners in Mozambique,” noted Frank DeGioivanni, Director of Ford Foundations Financial Assets Unit. “These potential clients have a wealth of talent and entrepreneurial spirit, but lack access to the credit, technical support and markets they need to become commercially viable.”
“Over the past few years our foundation board has been in discussion about how we might be more mission driven in our investment strategies and more creative and effective in the ways in which we deploy our assets,” explained Susan Pritzker chair of The Libra Foundation. “One of the solutions we’ve devised, working with our trusted grantee partner, Shared Interest, is a three-pronged model which combines credit, philanthropic and investment strategies which will enable Shared Interest to scale its work in Southern Africa, and move the region’s lenders to bank on enterprising communities most excluded from capital.”
Wespath Investment Management
Vidette Bullock Mixon, (former) Director of Corporate Relations, Wespath Investment Management, the investments division of the General Boad of Pension & Health Benefits of the United Methodist Church, explained: “We have a history of investing in underserved communities where our members live and work in the United States, and are eager to continue that practice in Southern Africa through Shared Interest – particularly given our positive track record with them.”
Susan White, Oneida Trust Director recalls, “We understand what indigenous South Africans suffered when they were dispossessed of their land, when the apartheid government came to power. Over the years, we continue to build the capacity to invest in the development of other tribes. With this international investment, we hope to further the prospect of Indigenous Peoples helping Indigenous Peoples, as South Africans First Peoples heal, envision and redirect their own history.”