To make enough money to feed herself and her baby son, Ruth Baribwa, deserted by her husband, would ask her neighbors in Bulenga, a village west of Uganda’s capital of Kampala, whether she could do their laundry. If she earned the equivalent of just 50 U.S. cents in a day, she and her son would...
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Microfinance—the business of investing in financial institutions that make loans to low-income entrepreneurs in developing countries—is a form of investing for social good that long predates the decade-old impact investing market. Today, microfinance is a key part of many impact portfolios, representing 9% of assets held by impact investors surveyed by the Global Impact Investing Network,...
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Impact investing—the art of creating portfolios that earn market-rate returns while also seeking to advance social or environmental aims—is a mercurial child of the 21st century. Hard to pin down with precise definitions and interpreted in a variety of ways, impact investing is nonetheless a fast-growing force below the surface of our financial markets, effectively...
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