Good Capital, a US-based firm that manages socially responsible investments, announced a USD 200,000 subordinated loan to Root Capital, a US-based nonprofit social investment fund that was founded in 1999. A press release from Root Capital states that as part of the investment, “Good Capital and Root Capital have developed a multi-year, strategic partnership that will focus on finding creative and innovative marketing strategies to build Root Capital’s brand and increase its capacity for additional growth.”
Neither the terms of the partnership nor the terms of the loan have been released.
About Good Capital:
Good Capital is a US-based investment firm that aims to accelerate the flow of capital to innovative initiatives that harness the power of the market to create sustainable solutions to social problems. The company’s initiatives address social issues including social enterprise financing, community and economic development and healthcare financing. Good Capital does not report financial information to the MIX.
About Root Capital:
Root Capital is a US-based nonprofit social investment fund that was founded in 1999. It provides capital, financial education, and market connections to small and medium-sized enterprises (SMEs) in the developing world. Root Capital has provided services across 26 countries in Latin America, Africa and Asia. Root Capital does not report financial information to the MIX.
By Matthew Fox, Research Assistant
Sources and Additional Resources:
Root Capital: Press Release, 31 August 2010: http://www.rootcapital.org/newsdocs/pr_20100830.pdf
MicroCapital Universe: Good Capital: https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Good+Capital
MicroCapital Universe: Root Capital: https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Root+Capital
Browse the MicroCapital Universe and add your entry to the wiki at: https://www.microcapital.org/microfinanceuniverse/
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