Micro-finance refers to a range of financial services including credit, savings, insurance, money transfers, and other financial products that are targeted to low-income people in developing economies. We believe it is important to support this approach by investing in trusted partners seeking to advance social justice.
MEDA'S Sarona Risk Capital Fund (SRCF)
Kindred maintains a partnership with Mennonite Economic Development Associates (MEDA) through a $500,000 invested loan in Sarona Risk Capital Fund (SRCF). The objective of the fund is to support MEDA’s mission by investing in promising companies and private equity funds, which benefit poor communities while having a high likelihood of financial success. The fund, managed by Sarona Asset Management, has several investments in microfinance institutions and strategically supports the economic, environmental and governance development of communities in emerging and developing countries.
Inspiring just communities focuses on advancing equality and sufficiency for individuals and groups living in society, ensuring dignity and respect for all. It means seeking social justice and it includes supporting food banks, shelters, low-income housing, and special needs programs in our communities. MEDA's Sarona Risk Capital Fund, which supports microfinance, is an example of a unique product that reflects this element of Kindred’s purpose.