In 2014, 3CF earmarked approximately 8% of its investment portfolio to be placed in impact investments. We are seeking high quality businesses in the regions where we fund charitable programs that demonstrate outstanding potential to create jobs for the poor and/or provide a valuable social or environmental benefit to those in need in their respective communities.
In 2017, we invested in Smiling Mushroom, a Vietnamese company that produces healthy mushroom snack products. Pham Hong Van, founder of Smiling Mushroom, is committed to achieving several social performance metrics under the terms of the loan, which include job creation, enhanced employee benefits, and improved environmental practices. This investment is a collaboration between 3CF and Thriive Impact Investment Fund (TiiF). Click to learn more.
In 2016 we invested in Essmart, a company that delivers life improving goods to the rural poor in India. Learn more about our partnership with Essmart here.
We made our first program-related investment in the Vietnamese social enterprise, Nam Thang Long, which manufactures backpacks for schoolchildren that also operate as life-vests to prevent drowning. Read our blog about it here!
We are especially thankful to Upaya Social Ventures, Thriive, and the Arthur B. Schultz Foundation for their assistance and partnership in this endeavor.