Executive Vice President
Getting Started In Community Investing
“In South Africa, a U.S. community loan fund gave 16 black women the help they needed to start the New Forest Vegetable Project, after countless banks had turned them away. The local community development institution, the Bushbuckridge Local Business Service Center (BLBSC) secured a $709,000 commercial bank loan on their behalf by turning to a U.S.-based international guarantee fund, Shared Interest. In the Project’s first harvest, it grew 175 tons of top-grade tomatoes. Today, three years later, the Project’s tomatoes and peppers are sold across the country, each woman owns her own greenhouse, and 80 women are employed. That’s community investing at work.”
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