UK-based
charitable organization, Oxfam, is moving into the world of social
investment with a loan worth some £1 million to a Mongolian business
that specialises in machinery leasing. The move has been welcomed by
AAA as further indication that social impact investment can benefit
communities all over the world.
Boston,
MA, USA, October 11, 2012 -- UK-based charitable organization,
Oxfam, is moving into the world of social investment with a loan
worth some £1 million to a Mongolian business that specialises in
machinery leasing. The move has been welcomed by Alternative
Asset Analysis as further indication that social
impact investment can benefit communities all over the world.
The
loan is being offered through Oxfam's Small Enterprise Impact
Investing Fund, which it has set up with Swiss microfinance
specialist Symbiotics and the City of London Corporation.
The
response to the news of the loan has been interesting and has
prompted investment experts to take the growth of impact investing
seriously. As more and more charities move into the commercial sector
by funding social projects and businesses that can benefit wide
sections of society in developing countries, they are highlighting
this type of investment.
Impact
investing is growing in popularity among regular investors who are
looking to make healthy returns over the medium to long term, while
doing their bit to help vulnerable communities or reduce climate
change.
AAA
advocates many types of alternative investment, but focuses its
support on ethical projects like those backed by impact investing.
"Helping people to work their way out of poverty and to create
jobs and opportunities for large number of people within a community
is an extremely productive use of an investor's wealth," claimed
Anthony Johnson, AAA's analyst partner. AAA claims that a growing
number of investors are now looking for ethical choices when deciding
where to invest their cash, after being left with a bad taste in
their mouths after the banking crisis.
Barbara
Stocking of Oxfam told the Financial Times that it hoped its decision
to invest in a socially responsible project will encourage other
investors to do the same. "We are determined to prove to the
investment industry that its scale and influence means it could play
a significant role in eradicating poverty."
About
Alternative Asset Analysis:
The
remit of Alternative Asset Analysis is to analyse and provide news on
the global performance of a wide range of alternative asset classes
including, but not restricted to, commodities, real estate, forestry,
foreign exchange, hedge funds, private equity and venture capital.
Media
Contact:
Anthony
Johnson
Alternative
Asset Analysis
71
Commercial St
Boston,
MA 02109-1320
617-939-9596
No comments:
Post a Comment