20 Apr SEAF Highlighted in Fortune Magazine: ‘In Developing Economies, Equity Beats Microfinance’
In the Fortune Magazine article ‘In Developing Economies, Equity Beats Microfinance’, Alan Patricof discusses the ‘even greater need to support small and medium-sized enterprises (SMEs)’ in the developing world as compared to microfinance. Describing SMEs as ‘catalysts for sustainable economic development, employment and the production of affordable goods and services,’ Patricof identifies impact investing as the new model for development that ‘can help fill the critical financing gap’ facing SMEs in developing economies and ‘the next leap forward from microfinance.’ In this article, SEAF is mentioned along with Fanisi, Grassroot Business Fund, and Song Advisors as an example of an organization operating in this impact investing space and ‘taking a novel approach to development while providing significant resources.’
For more on the Fortune Magazine article, download it above or click here.