Mark January 24, 2012 in your calendar as the date when impact investing went mainstream in Canada. Today RBC, the largest of Canada’s Big Five (banks), has joined the growing ranks of major global institutions like Deutsche Bank, and national leaders like Vancity and le Chantier de l’économie sociale in demonstrating real leadership in impact investing.
The bank has just announced a $20 million commitment in an impact investing strategy that will include the creation of a new $10 million RBC Impact Fund and the allocation of $10 million from RBC Foundation’s assets into socially responsible investment (SRI) funds. It is the first initiative of its kind announced by a major financial institution in Canada.
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The SocialFinance.ca weekly round up is back! SocialFinance.ca produces a round up featuring social finance related news, insights, job openings, and events. We source the content for these round ups from Twitter, an RSS reader, and directly from our community of social finance practitioners. Below is our round up for the weeks of January 16 and January 24.
Two entrepreneurs. Two successful businesses. Both were unable to access financing from mainstream financial institutions. Both are driven entrepreneurs with solid business plans to support their growth. Both have experienced economic and social benefits, and were empowered through capital. The difference was the setting: Ouattara is a client of a microfinance organization based in Ouagadougou, Burkina Faso and Ryan is part of a new 
We have previously explored the links between social finance and Islamic finance; here, we explore Islamic finance claims of social impact. Part 1, 
