Alquity Africa Fund
Did you know that fewer than 2% of poor people have access to financial services from sources other than money lenders? This is such an appalling fact that we decided to do something about it, which is why we're working with Alquity Investment Management to directly improve the lives of people who really need it.
Alquity Investment Management, in partnership with The One Foundation, helps people in developing countries who struggle to earn a living and don’t have access to credit and savings services from large banks and financial institutions.
Alquity Investment Management donates a minimum of 25% of their net fund management fees from the Alquity Africa Fund to The One Foundation, which directly supports microfinance programmes to create jobs and lift people out of poverty.
Donations from the Alquity Africa Fund support:
- Micro loan services - microfinance is not a ‘hand out’, but a loan that is paid back at a fixed term and a fixed rate of interest. Micro loans enable small business owners to invest in their businesses and increase their potential income.
- Micro savings services - using mobile banks to ensure that accounts are secure and accessible where people live and work. Millions of people in developing countries can’t open deposit accounts at commercial banks, either because they can’t prove their identity or because banks won’t accept their small deposits. Micro savings services enable people to save part of their income, providing security for themselves and their families.
- Micro insurance services – without insurance, low-income households often use their savings to meet unexpected costs like sickness and natural disaster. In Africa, the cost of a funeral is approximately three months of disposable income. Micro insurance protects people against a number of risks, from death to unfavourable weather conditions which can destroy crops and livestock.
- Business training programmes – educating people to make wise financial decisions and equipping them with the skills needed to succeed in their businesses, such as budgeting and book-keeping.
If you are interested in learning more about Alquity Investment Management or the Alquity Africa Fund, please contact your financial advisor or visit www.alquity.com.
Nothing in this website constitutes advice and interested parties should seek advice from an independent advisor.
