Posts written by Eugene Ellmen

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  1. Investing in solidarity, not discord

    February 23, 2015 - by Eugene Ellmen - 0 comments

    A new investment offered by Mennonite Savings and Credit Union and Oikocredit enables individual investors in Ontario to contribute to the vexing problem of global poverty.

    ‎If this catches on - at Mennonite Savings and other credit unions across Canada - it could tap into some deep-seated yearnings for global solidarity at a time when so many people feel that the world is becoming more and more divided.

    On Feb. 2, Mennonite Savings and Credit Union (MSCU) and Oikocredit Canada introduced the Oikocredit Global Impact GIC. Offered by MSCU, the GIC is a guaranteed, RSP-eligible investment certificate. It has a term of 12 months, and an initial interest rate of 1.3%, slightly below market for one year certificates.

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  2. Building a better banana for the world

    June 18, 2014 - by Eugene Ellmen - 0 comments

    A group of APPBOSA farmers meet with Oikocredit staff and volunteers.

    In the last few years, organic bananas have been popping up in Canadian grocery stores. No longer segregated to natural food outlets, organic bananas are now featured regularly in the nation’s mainstream food chains.

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  3. Apartheid struggle transformed not just human rights, but our understanding of money

    December 20, 2013 - by Moira Hutchinson, Bob Walker, Eugene Ellmen - 0 comments

    As the world lays Nelson Mandela to rest, we are reminded of the huge contribution he made to the people of Africa and to the global cause of human rights. But the anti-apartheid struggle he led also helped to bring about a transformation in our notion of money, lifting the veil on the social and moral importance of investment.

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  4. The appalling silence of the investment industry on Rana Plaza

    October 25, 2013 - by Eugene Ellmen - 1 comment

    Six months ago, the eight-story Rana Plaza garment factory collapsed in Dhaka, Bangladesh. More than 1,100 people were killed and 2,500 were injured in the deadliest garment factory accident in history.

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  5. Microfinance: Ensuring an ethical basis for Canada’s international development agenda

    August 2, 2013 - by Eugene Ellmen - 0 comments

    Fixing bicycles, Afghanistan

    With its focus on small, often tiny enterprises, microfinance operates outside the realm of multinational corporations and globalized markets. So one of the big questions in Ottawa’s recent decision to merge the Canadian International Development Agency (CIDA) with the Department of Foreign Affairs and Trade surrounds the future of CIDA’s microfinance programs. Will the mandate of Canadian commercial interests spell the end of Canada’s publicly-funded microfinance initiatives?

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