Diaspora populations are a potent force for economic growth, and many are eager to invest in the social and economic development of their countries of origin.
We are currently developing opportunities for diaspora communities to invest in their countries of origin or heritage for as little as $20. The Diaspora Initiative will raise capital through of the sale of Community Investment Notes targeted to a specific country or region, and support small businesses, healthcare, education, sustainable agriculture, and other opportunities.
Diaspora members from developing countries send home more than three times the amount provided through official development aid.*
The Diaspora Initiative is not only an opportunity to increase the flow of capital to underserved communities around the world, it is also a way to strengthen civic engagement and build stronger ties between U.S.-based diaspora communities and their countries of origin.
Progress to Date
We recently received a planning grant from the Kellogg Foundation to conduct an in-depth feasibility study for the Diaspora Initiative, with the intention of launching a pilot once the study has concluded. Throughout the first phase of the study, we are conducting research to identify and prioritize the top three diasporas of opportunity. The study will focus on identifying lending opportunities, estimating market potential and determining interest amongst affinity partners and anchor institutions.