Seychelles recently secured a landmark finance deal that contributes significantly to advancing our Blue Economy. The deal will see the Seychelles restructure $30M in debt with the aid of $23M from Nature Vest, the impact investing unit of Nature Conservancy, and $7M in philanthropic grants.
No collateral? No problem….
Well, if you have the potential for good karma, you may consider signing up to Buddhist monk Phra Subin Paneeto’s micro-lending scheme, which is spreading across Asia.
Meanwhile, in Jordan aspiring businesswomen are bypassing the banks.
The Social Stock Exchange (SSX) wants to bring impact investing – investments which have a social or environmental benefit while also making money – to everyday, individual investors.
SSX is targeting both retail and institutional investors. The more people it can get involved in the social investment market, the more capital will be available for businesses that want to increase their social or environmental impact by scaling up.
“All of the interviewees were honest and
authentic in recounting their impact journeys.
Millennials want advisors and the industry
they represent to not only earn their trust, but
be willing to be transparent and authentic in
their relationships. There is an opportunity
for millennials and their advisors to connect
and build a relationship through ‘shared
learning’ as well as collaborate around impact
investments. Financial advisors, in adapting
their practices, and developing collaborative
impact investing solutions, can bring significant
value to millennial clients.”
Impact investing gives advisors a tool to begin a dialogue with clients as to how they can use their investment dollars to become more thoughtful and concerned global citizens, and model that same behavior for their children. And that’s something that resonates with millennials—remember, millennials are participating in the greatest wealth transfer in years, as Boomers hand down over $30 trillion in assets. Millennials happen to be the largest demographic group in the workforce, so it behooves advisors to seek them out.
Osembo-Ombati and Kennedy developed the idea after meeting at an entrepreneurial workshop. In the long term, the goal will be to make the entire shoe in Kenya. The company also plans to donate an as-yet-undetermined percentage of profits to community initiatives, decided by voting from Enda (=”go” in Swahili) customers. The pair collaborated with the product design firm Birdhaus, which has worked with Under Armour and Reebok, in its creation and have been testing their prototype with runners in Kenya’s highlands.
Family offices and high net worth individuals continue to be among the leading investors in impact investments, despite increasing interest from mainstream financial institutions, according to a new report.
Few resources discuss the specific practices and methodologies that investors actually use to measure social impact.
A new grantmaking approach is needed – one that provides enough money for nonprofits to pay for all their operations, not just programs and services. The first step toward achieving that is for grantmakers to realize that different types of nonprofits have different cost structures.
This report goes straight to the source offering answers from millennials engaged in impact investing – from exploration through to execution.