Gain momentum by investing in sustainability

Posted by Thomas Hessler in Investing in sustainability, zanox company, December 12th, 2008

It’s that time of the year again – and it’s time for a new exciting zanox project to kick-off. This Christmas, we decided to stop donating and start investing in innovative ideas and entrepreneurship around the world. From now on, we will support several social projects based on the idea of online microfinance platforms. Now you might be wondering what microfinance is and why we decided to support microfinance on a long-term basis – that’s why we prepared this nice little video:

We are very excited about the potential of online microfinance: Imagine a world where ambitious and innovative entrepreneurs are not dependent on the goodwill and random decision-making of big financial players anymore. This is the true web 2.0 spirit we believe in as a company.

And yes, the idea of microfinance might have been emerged in the context of developing countries, but it’s not limited to third world projects. Similar platforms have been founded in Europe to support European projects.

We’ll kick-off with 10,000 Euros, using different platforms and supporting different projects. For example we invested in Sammy Ngure Kungu’s cyber café in Kenya. Sammy plans to expand his business and would like to buy more computers.

And we supported the Nancy Patiño Menacho Group, an ambitious group of female entrepreneurs in Bolivia. The group members are involved in varoius economic activities such as cosmetics or food shops and internet cafés.

Of course we will keep you up to date on the progress on this blog and will soon introduce more projects we invest in.

We hope that many of you will follow us on this way and are now as thrilled about microfinance as we are.

Have a merry Christmas and a happy new year,

Thomas Hessler
and the whole zanox team

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This entry was posted on Friday, December 12th, 2008 at 18:20 and is filed under Investing in sustainability, zanox company. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

4 Responses to “Gain momentum by investing in sustainability”

  1. Money news blog » zanox Official Blog » Blog Archive » Gain momentum by investing in … Says:
    December 13th, 2008 at 11:36

    [...] Go here to read the rest: zanox Official Blog » Blog Archive » Gain momentum by investing in … [...]

  2. Investing in innovative ideas and entrepreneurship through a microfinance charity circle | Dr. Ralf Belusa Says:
    December 15th, 2008 at 15:19

    [...] More information about:  http://blog.zanox.com/en/zanox/2008/12/12/gain-momentum-by-investing-in-sustainability/ [...]

  3. zanox Official Blog » Blog Archive » Merry Christmas everybody! | Inside the mind of the global alliance Says:
    December 22nd, 2008 at 16:02

    [...] As you might already know, we decided to stop donating and start investing in innovative ideas and entrepreneurship around the world this Christmas. From now on, we will help people who don’t have the chance to get financial support from a bank. Read more about our investment in sustainability here: http://www.zanox.com/sustainability [...]

  4. zanox Official Blog » Blog Archive » More sustainable investments in Uganda and Azerbaijan | Inside the mind of the global alliance Says:
    March 18th, 2009 at 10:29

    [...] pushing forward on our idea of investing in innovative ideas and entrepreneurship around the world, we just made two additional microfinance [...]

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