operative Financial Services (CFS) - Home Futures Group BRIEF: responsibility Social Investments AG Makes Debt Investments Totaling $1.7m in MBK Ventura of Indonesia, COOPAC Norandino of Peru and COAC Mushuc Runa of Ecuador responsAbility Social Investments AG (responsAbility), an investment manager founded in 2003 in Switzerland, reported to MicroCapital that it recently made four debt investments totaling USD 1.7 million in microfinance institutions (MFIs) MBK Ventura of Indonesia, COOPAC Norandino of Peru and COAC Mushuc Runa of Ecuador. The responsAbility Global Microfinance Fund (rAGMF), a microfinance investment vehicle (MIV) managed by responsAbility, made a debt investment in Mitra Bisnis Keluarga (MBK) Ventura, a non-banking microfinance institution founded in 2003 in Indonesia, totaling IDR 2.2 billion (USD 746,045) at a fixed rate of 11.8 percent for a 12-month period. responsAbility Mikrofinanz-Fonds, an MIV managed by reponsAbility and financed by German banks Bank im Bistum Essen and Stadtsparkasse Dusseldorf, also made a debt investment in MBK Ventura totaling EUR 196,011 (USD 248,680) under the same terms. By Diana Baide, Research Assistant Sources and Additional Sources:
Global Impact Investing Network Measuring Impact Measuring Impact and the Guidelines for Good Impact Practice were developed by the Impact Measurement Working Group of the Social Impact Investment Taskforce established by the UK’S presidency of the G8. It was co-chaired by the GIIN and New Philanthropy Capital (NPC). GIIN Webinar Series on the Social Impact Investment Taskforce and Working Groups Introducing the Impact Investing Benchmark The GIIN and Cambridge Associates launch the Impact Investing Benchmark, the first comprehensive analysis of the financial performance of market rate private equity and venture capital impact investing funds. New J.P. The GIIN Publishes The Landscape for Impact Investing in East Africa The GIIN, in partnership with Open Capital Advisors, published the full release of The Landscape for Impact Investing in East Africa, a “state of the market” analysis of the impact investing industry in the region.
GEXSI The Global Exchange for Social Investment www.dblinvestors.com/index.php Getting Biofuel from the World’s Garbage There is plenty of garbage on this planet; in fact there is so much garbage that many developed countries are trying to dump their garbage on the lands of lesser developed countries, at a fee of course. But does dumping garbage on other places solve the problem? On the contrary it spreads pollutions and diseases. Rather than having to dump, what if garbage can be used to generate power? Global Change Biology has published new research that claims replacing gasoline with biofuel from processed garbage could cut global carbon emissions by 80%. Great strides are being made in the field of creating biofuels but a galling problem is that the biofuel production causes food shortage. But garbage is abundantly available, fortunately or unfortunately. According to the study author Associate Professor Hugh Tan of the National University of Singapore, “Our results suggest that fuel from processed waste biomass, such as paper and cardboard, is a promising clean energy solution.” What do you think?
Global Impact Investing Network Financier and philanthropist Michael Milken shares his perspective with the GIIN community. Nick O’Donohoe, CEO of Big Society Capital (BSC), an independent financial institution established in 2012 to develop and shape a sustainable social investment market in the UK, shares his perspective with the GIIN community. In addition, BSC Board Chairman Sir Ronald Cohen adds his perspective, drawing on his experience with the development of the UK venture capital market. Lok Capital Vishal Mehta, Co-founder of Lok Capital, an Indian venture capital firm that invests in enterprises serving the lower income and base of the economic pyramid population segments, shares his perspective with the GIIN community. Morgan Stanley After an April launch of its Investing with Impact platform, Audrey Choi, Managing Director and Head of Global Sustainable Finance at Morgan Stanley, discusses the organization's work in impact investing. The Rockefeller Foundation Inter-American Development Bank Group Esmee Fairbairn
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