Employee-owned businesses drive good jobs and fair wages

Co-operatives hold promise for a “human economy,” says Enrich Sahan, head of Oxfam’s private sector team. The report generated headlines for its finding that the world’s eight wealthiest men hold as much wealth as the bottom half of the global population. Employee-owned businesses are a way to reverse such concentration, Sahan argues, and need greater

New Nigerian development bank aims to fill small-business credit gap

Nigeria, with the largest economy in sub-Saharan Africa, is launching its own development bank. The Development Bank of Nigeria, conceived in 2014, is now capitalized with $1.3 billion from the World Bank, KfW, the African Development Bank and the Agence Française de Development. The bank aims to lower borrowing rates and lengthen loan tenures for

Funding Circle raises $100 million for business-loan matchmaking

Funding Circle, which has facilitated $3 billion in loans for small-and medium-businesses, raised another $100 million to build out its own platform. The San Francisco-based matchmaker says the 60,000 investors on the site lent more than $1.4 billion to small businesses in 2016, and $485 million in the fourth quarter alone, which it called “a

Social crowdfunding platform raises £50 million — from 10,000 investors

Ethex, set up in 2013 to make social investing accessible to average earners, has invested in 55 projects. It channels the funds into charities and social enterprises involved in initiatives such as small-scale renewable energy, microfinance, and affordable housing. Photo Credit: Petras Gagilas

‘Chicago Model’: MacArthur, Calvert and Chicago Community Trust Launch $100 Million Local Fund

A collaborative $100 million fund to finance education and child care, healthy food and affordable housing, and energy conservation and jobs in Chicago, may become a national model for a new way to harness the interest of impact investors in local social enterprises. The MacArthur Foundation, the Chicago Community Trust and Calvert Foundation launched Benefit

ImpactAlpha’s #DealFlow for Jan. 8, 2016: Weekly Roundup of Impact Investments

This week: The investment winds are blowing for both small- and large-scale wind deals; the Kresge Foundation pledges $20 million to early childhood education in Detroit; and mom-and-pop shops in Peru and Venezuela may have more access to working capital to expand their businesses. Big Investment in small-scale wind. United Wind has received $200 million