Graça Machel and Peggy Dulany
Vincent Mai, Jo Menell and Thina Daniels
Harry Belafonte and Felica Mabuzza-Suttle
Anne E. Hess and Craig Kaplan
As we welcome you to our 21st anniversary year, we invite you to join us on Southern Africa’s journey to defend dignity and build community and an equitable society. We are committed to advancing the rights of women and youth, workers and people aspiring to find jobs, and those excluded from society’s mainstream struggling to project their vision and their voice.
As Shared Interest, with the Thembani International Guarantee Fund, works with economically marginalized communities in South Africa, Swaziland and Mozambique, we are inspired and compelled by our beneficiaries and our partners. To date we have unlocked credit, mentorship and jobs for South Africa’s “emerging” entrepreneurs, small-holder farmers, cooperatives and home-owners from Limpopo to the Eastern Cape, and from the Western Cape to KwaZulu-Natal --benefiting more than 2.2 million low-income black South Africans. During the past year, we have also placed guarantees in Mozambique and Swaziland, and begun to explore possibilities in Zambia – all countries impacted by apartheid, and working together now to write the next chapter of their region’s history – one of peace and promise.
In the process we are helping the region’s lenders understand that the low-income borrowers we benefit are eminently “bankable.” As our guarantees connect enterprising borrowers to commercial loans for their businesses, farms and homes, they frequently forge the “missing link” in a financial chain between mainstream lenders and excluded communities. These women farmers, emerging contractors and cooperatives are demonstrating that banking on the majority is good business. During our 21 years, not one of our investors has lost a penny of interest or principal.
Our heartfelt gratitude to all of you who have made this work possible. We invite you to stay with us on the next generation of South Africa’s journey, and that of its neighbors, to build a vibrant and thriving region, and a more just world.
Shared Interest works as a catalyst for social and economic change in South Africa. Since our inception in 1994, we have used loan guarantees to bridge the gap between South African banks and marginalized people, previously considered “unbankable” during apartheid.
As a 501(c)3 non-profit social investment fund, we raise capital in the U.S. from individuals, foundations and financial institutions to support micro-lending, agricultural cooperatives and small businesses in South Africa. Along with our South African partner, Thembani International Guarantee Fund, we have helped make the promise of economic human rights a reality for over two million South Africans.
SHARED INTEREST mobilizes the resources for Southern Africa's economically disadvantaged communities to sustain themselves and build equitable nations. Shared Interest envisions just and vibrant Southern African nations that eliminate disparities, uphold their peoples’ basic human rights, and serve as models of economic justice.