Share Capital hits £30m
Shared Interest Society is celebratng after reaching £30m
in Share Capital this April.
Almost 9,000 members have now invested a total of £30m in Share
Capital to the Society. This money is currently being loaned and
re-loaned to fair trade buyers and producers in the developing
world to help improve livelihoods.
To celebrate our 25 year history in 2015, we have set targets of
10,000 investors and £33 million in member investments. After
hitting the £30 million mark this month, we hope to continue to
progress towards our ambitious targets. The Society has recently
seen its investment limits increase from £20,000 to £100,000 per
member which it hopes will widen its member base further.
This March saw the highest number of new members for Shared
Interest in any one month for the last ten years. Managing
Director, Patricia Alexander, said:
"2014 has been a record year for us in more ways than one. There
was a record turnout for our AGM this year, we've taken more
enquiries this quarter than in any previous year, and we are
delighted to have reached £30 million in investment from our
members. I'd like to thank our existing members, and encourage
people to open a Share Account with us, with as little as £100, and
to support us in making sure justice lies at the heart of trade