Impact Investing

Pretend it’s 2007 again, and you must choose between two investment opportunities. One is a pool of U.S.-based mortgage-backed securities packaged by a huge Wall Street firm. The other is a fund with stakes in small, obscure, mostly privately held lending institutions around the world. These so-called microbanks make unsecured loans to people who earn less than $2 a day and lack anything resembling collateral.

Website:

Publisher:

Financial Planning

Author:

Ron Cordes

Date:

May 1, 2010

Media Type:

Article

Category:

Impact Investing