Charities invest heavily in micro-finance Triodos fund

Social lender hopes value will reach £100m by 2010

Charities are among the largest investors in a micro-finance fund launched this month by social lender Triodos Bank.

The £20m fund, which will invest in small businesses in developing countries, received 'anchor' investment from voluntary organisations including not-for-profit fund manager CCLA and grant-maker the Waterloo Foundation.

Alex Connor, investor relations manager at Triodos, said there was a lot of interest in the fund from private and charitable investors, and said she hoped it would grow to £100m by 2010.

James Bevan, chief investment officer at CCLA, said that because the economic driver behind micro-finance differed from those of traditional asset classes, it could continue to provide good returns during the recession.

Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Register
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus