Shared Interest

Shared Interest

A Shared Interest guaranteed loan helped Johanah purchase two donkeys, allowing her to haul heavy supplies to and from her village. Johanah breeds her donkeys to expand the village stock and enable other families to transport their children to school and their goods to market. “Now I have 12 donkeys and can do all of the hauling of wood, water and other heavy things for my village.” - Johanah Monyela

Mobilizing the resources for South Africa’s economically disenfranchised to sustain themselves is the core of Shared Interest’s mission. Shared Interest’s social investment fund guarantees loans from banks and local financial intermediaries. These guarantees allow South African financial institutions to make loans they otherwise would not be able to, creating vital businesses, jobs, and affordable homes and services for low-income South African communities of color. PCG was Shared Interest’s first investor in 1995. Our most recent loan renewed our commitment to Shared Interest with an increased investment of $250,000. This loan helps contribute to Shared Interest’s growth plan, which will expand Shared Interest’s model to Southern Africa and benefit an additional 500,000 low-income black South Africans and Southern Africans.

Address: 

New York , NY
US

PCG Loan Amount: 

$250 000

Total Loan Amount: 

$250 000

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