Mennonite Economic Development Associates (MEDA) has published an article on the impact of microfinance in emerging markets. MEDA has been active in the promotion of microenterprise to reduce poverty since 1953, and recently teamed with MMA to launch the OneWorld Community Investment Program. Here is an excerpt from the article:

“These investors are part of a new investment class known as Socially Pro-Active Investments (SPI). They have eagerly moved beyond Socially Responsible Investing to something more purposeful. Rather than simply screening out the bad companies, SPI investors seek out firms that are having a direct positive impact on poor communities. Moreover, rather than sticking only to publicly traded companies, they are willing to invest directly.”

For the full article:

SRI on Steroids: What is Socially Pro-Active Investing? (112 kb PDF)

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