Impact investing & Aboriginal community economic development : from fishing net to financial net

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Date
2014-06-23
Authors
Rony, Mohammad
Journal Title
Journal ISSN
Volume Title
Publisher
New Leaf Associates, Inc.
Abstract
Impact investing is growing as a development approach to bring about positive social, environmental and economic impact for marginalized people in the developing world. But existing in a developed country like Canada, the Aboriginal communities are not getting enough attention due to lack of capacity, state dependency, state policies and negative perception among the stakeholders in the financial ecosystems. This thesis followed mixed methods participatory action research approach and had a deeper look on the present investment ecosystem and identified many barriers to investment for Aboriginal cooperative or social enterprise including negative stereotypes regarding Aboriginal communities impeding investing in cooperative or social enterprise. However, proper education, financial inclusion, awareness among stakeholders and engaging micro-investors in Aboriginal enterprises could improve the situation and develop opportunities for both the supply and demand side.
Description
Keywords
Aboriginal community economic development, Aboriginal cooperative, Impact investing, Aboriginal fisheries, Sustainable livelihoods, Perception Study
Citation
Thompson, S., Rony, M., Temmer, J., & Wood, D. (2014). Pulling in the indigenous fishery cooperative net: Fishing for sustainable livelihoods and food security in Garden Hill First Nation, Manitoba, Canada. Journal of Agriculture, Food Systems, and Community Development. Advance online publication. http://dx.doi.org/10.5304/jafscd.2014.043.016