Social Enterprise - Charity of the Year
SHARED INTEREST SOCIETY
Shared Interest Society’s aim is to alleviate poverty by enabling people in remote and disadvantaged communities, to trade and earn a living.
We do this by pooling the investments of our 11,000 members and lend these funds to farmers and handcraft producers, who buy seeds, fertilisers and raw materials. Once they sell their crops or crafts, they pay back the loan, and we lend this money again.
Our investors are socially motivated, many choosing to waive the 0.5% interest. The loans are also generally unsecured, so our investors share the risk of any bad debts.
That said, sustainability is at the heart of our activity. Established in 1990, to date we have not lost any members’ investment. Last year saw the highest level of growth in investment and lending in the history of Shared Interest.