Banks launch first fund for cooperatives in developing countries

The Cooperative Bank has launched, in partnership with Deutsche Bank, the first specialized international development fund for cooperatives. The Global Cooperative Development Fund (GCDF) will invest in credit unions and agricultural cooperatives that serve some of the world’s poorest communities. The fund will open in the fourth quarter of 2009 to investors seeking both social and financial returns.

Source

Philanthropy UK, 8 June 2009

 
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