Solidarity credit
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Finance and investments have always been measured according to profit criteria, expressed in terms of interest rate or remuneration. In recent years a new critical culture is spreading more and more; investors and grantors are looking for activities that could meet certain conditions of social and environmental responsibility. Today the Consortium and the World Shops’ Members involve over 21,000 physical and juridical subjects, who have decided to invest financial resources as Members and Money Saving Members, and have subscribed to remunerated Social Savings. These resources have allowed that important investments designed to support the structural consolidation of the Consortium and of the World Shops be realized, but above all, they provide the financial resources necessary to guarantee a growing volume of purchases from our partners of the South of the World and at the same time they meet two of the Fair and Supportive Trade criteria: Pre-financing and Well-timed Payments (Made in Dignity Credit). Pre-financing as instrument of commercial credit provides producers with resources to purchase raw materials, seeds and other materials necessary for production and in many cases it helps them get out of profiteering systems. Criteria, or better, values that guide our actions also from a financial point of view. A way to give new meaning to finances that originated and operated inside Fair and Supportive Trade and that is why we call it Supportive Finances. |
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