France: New equity fund for social enterprises

Sofinei, a new financial and sustainable co-operative, helps the burgeoning of social enterprises. If you want to invest some money in solidarity, creativity and dynamism, you could choose to put yours savings in ethical funds or you might decide to get directly into the social economy, buying a share of SOFINEI. This co-op, set up by the national Committee of social enterprises ? CNEI -, the Development Institute for the social economy, IDES -, and the ” Crédit coopératif “, is currently enlarging its assets, untill mid june, to take shareholdings in promising social enterprises. With the new tax law on revenues, individuals who invest for five years in this kind of funds, are entitled to enjoy some taxation exemptions. Marketing campaigns are therefore needed to make much known SOFINEI among the society as a whole, as well as the 610 social enterprises of the CNEI network. www.cnei.org