named programs · 6 · from sources
What they call their work
Affordable Housing
Supports property entrepreneurs increasing the supply of dignified, approved, and affordable housing through guaranteed financing.
Agriculture & Food Security
De-risks lending to emerging Black commercial farmers and smallholder farms lacking collateral, enabling access to working capital and improving climate resilience.
Climate Change
Finances SMEs developing solutions that improve community resilience and reduce environmental damage in climate-vulnerable regions.
FinTech
Guarantees loans to financial technology lenders improving SME access to capital through mobile and digital platforms.
Social Enterprise
Backs entrepreneurs building businesses that serve low-income communities with innovative models and technologies.
Women & Gender
Facilitates loans to women-owned and women-led SMEs facing social barriers to credit, supporting enterprises that uplift household and community livelihoods.
activities · 6 groups
What they do
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Small Business and Nonprofit Lending 5 activities
- Offering fixed-income investment products for social impactProvides fixed-income investment opportunities with a minimum investment of $3,000, enabling individual investors to support high-impact financing deals for small and medium-sized enterprises in South Africa, Malawi, and Zambia.
- Partnering on inclusive housing and finance initiativesCollaborates with organizations like Lead Impact Capital and FDH Bank to support inclusive housing and women-owned businesses, including financing for 470 rental units in South Africa and a $1 million loan guarantee for women-owned MSMEs in Malawi.
- Providing partial credit guarantees to support SMEs in Southern AfricaOffers partial credit guarantees to de-risk loans for marginalized small and medium-sized enterprises in Southern Africa, primarily in South Africa and expanding to Eswatini, Malawi, Mozambique, and Zambia, enabling access to finance through domestic banks and microfinance institutions. Since inception, has provided $36 million in financial guarantees and unlocked approximately $134 million in local lending.
- Providing working capital finance to Zambian SMEsPartners with Inde Credit to deliver working capital finance solutions to small and medium-sized enterprises in Zambia, including Farm Depot, which supplies farming inputs and technical assistance to rural farmers.
- Supporting job creation and housing through SME financingFinances small and growing businesses in Southern Africa that contribute to job creation and affordable housing, resulting in the support of 1,957,288 jobs and the construction of 121,620 homes through targeted lending and guarantee programs.
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Leadership & Policy Dialogue Forums 1 activity
- Advancing racial, economic, and gender justice through advocacyHosts public forums, galas, and virtual events such as the "Voices of Change" and "Community Conversations on Racial Justice" to elevate leaders and advocates in the fields of racial, economic, and gender justice, and generates media coverage to raise awareness.
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Women's Microenterprise and Livelihood Development 1 activity
- Building capacity of Black women entrepreneursStrengthens the pipeline and capacity of Black women entrepreneurs in Southern Africa by connecting philanthropists with economic development leaders and facilitating learning opportunities focused on social impact and economic justice.
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Youth Entrepreneurship & Financial Literacy Education 1 activity
- Engaging HBCU students in social impact and ESG educationOrganizes forums and educational programs for students from Historically Black Colleges and Universities (HBCUs) in New York City, providing education on ESG, socially responsible investing, and entrepreneurship, and connecting them with executives from major corporations including Nasdaq and Citibank.
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Women Entrepreneurs Grant Programs 1 activity
- Funding Black women entrepreneurs in Southern AfricaRaises and mobilizes funding to support Black women entrepreneurs in Southern Africa, enabling them to scale their businesses and serve disenfranchised communities, including through targeted grant programs and donor engagement.
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Uncategorized 1 activity
- Delivering technical assistance alongside financial guaranteesProvides technical assistance to both lenders and small and medium-sized enterprises to strengthen financial systems and operational capabilities, enhancing the effectiveness and sustainability of guaranteed loan programs in Southern Africa.
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financials · form 990 · fy2024
revenue
Total revenue$1.04M
Contributions & grants$789K76%
Program service revenue$219K21%
Investment income$206K20%
Other revenue$-172K
expenses
Total expenses$1.32M
Program expenses78%
Admin / overhead13%
Fundraising9%
Salaries & benefits$605K
Grants paid out$0
Largest expense lineCompensation
balance sheet
Total assets$15.03M
Cash$476K
Investments$14.38M
Liabilities$13.25M
Net assets$1.78M
Liquid reserves134.9 mo
4 years on record · 2020–2024 · YoY revenue -9.7%
leadership · form 990 part vii · fy2024
Who runs it
paid leadership · 2
| Name | Title | Hours/wk | Compensation |
|---|---|---|---|
| ANN MCMIKEL | EXECUTIVE DIRECTOR | 50 | $185K |
| SHUKURA SHEARS | DIR OF INDIVIDUAL GIVING | 45 | $106K |
board members · 19
- ADRIENNE BAILEY — DIRECTOR & SECRETARY
- CHARLOTTE MCCLAIN-NHLAPO — DIRECTOR
- CYNTHIA SPENCE — DIRECTOR
- DAVID WILDMAN — DIRECTOR & VICE CHAIRMAN
- DIANE KEEFE — DIRECTOR
- JESSICA BENJAMIN — DIRECTOR
- JIM MUNSON — DIRECTOR
- LINNIE MCLEAN — DIRECTOR
- LOUISE NANKIINGA — DIRECTOR & TREASURER
- PALESA MORUDU — DIRECTOR
- RICHARD TOLLIVER — DIRECTOR
- SANDRA APPIAH — DIRECTOR
- SCHUYLA GOODSON — DIRECTOR
- SHARRON MCPHERSON — DIRECTOR & CHAIR
- SIPHIWE NODWELE — DIRECTOR
- STACY MANVITZ — DIRECTOR
- SUSAN MARX — DIRECTOR
- TIMOTHY SMITH — DIRECTOR
- TSHEGOFATSO NESVAG — DIRECTOR
relationships · 48
Who they work with
- Bergman Family Foundation Funder — Provided seed funding to launch the HBCU Social Impact Leaders Program in 2023.
- Black Women’s Health Imperative Partner — Co-founded and led SIS Circles, a fundraising and engagement initiative for the organization
- Citibank Partner — Hosted a breakfast and diversity panel discussion at the HBCU Social Impact Leaders Forum.
- Clark Atlanta University Partner — Participating HBCU in the pilot program offering education on ESG and impact investing.
- David Wildman Government — Board member affiliated with the United Methodist Church’s General Board of Global Ministries.
- Delaware State University Partner — Participating HBCU in the pilot program offering education on ESG and impact investing.
- FDH Bank Partner — Provided a $1 million portfolio loan guarantee to increase lending capacity for women-owned SMEs in Malawi.
- Florida A&M University Partner — Participating HBCU in the pilot program offering education on ESG and impact investing.
- Ford Foundation Funder — Invests through its Financial Assets Unit to support lending to smallholder farmers and emerging businesses in Mozambique.
- Fordham University Partner — Partnered through its Ubuntu Program in a regional film event series to engage HBCU students in social justice dialogue.
- Henry Schein, Inc. Partner — Provided program support for the HBCU Social Impact Leaders Forum and participated in the Closing Bell Ceremony.
- Howard University Partner — Participating HBCU in the pilot program offering education on ESG and impact investing.
- Impax Asset Management Partner — Invests in the Shared Interest Guarantee Fund to align shareholder investments with positive social impact.
- Inde Credit Partner — Partnered in Zambia to provide working capital finance solutions to SMEs.
- JPMorgan Partner — Partner organization supporting Shared Interest's work in Southern Africa.
- Joyce Banda Foundation Partner — Collaborated on the International Market Women’s Activities Initiative to support women-owned SMEs in Malawi.
- Lead Impact Capital Partner — Partnered to support the Inclusive Housing Fund in South Africa.
- MCW Global Partner — Program partner that co-hosted sessions at the HBCU Social Impact Leaders Forum.
- MFIs Partner — Collaborates with microfinance institutions to provide partial credit guarantees and expand financing to marginalized SMEs.
- Morehouse College Partner — Participating HBCU in the pilot program offering education on ESG and impact investing.
- Morehouse College Partner — Partnered in a regional film event series to engage HBCU students in social justice dialogue.
- Nasdaq Partner — Hosted students from the HBCU Social Impact Leaders Forum for site visits and meetings with executives in June 2024.
- Nasdaq Partner — Hosted the culminating Closing Bell Ceremony for the HBCU Social Impact Leaders Forum.
- Nasdaq Foundation Funder — Awarded $100,000 to support racial justice work with HBCU students.
- Nasdaq Foundation Funder — Provided seed funding to launch the HBCU Social Impact Leaders Program in 2023.
- Nelson Mandela Partner — Former partner who endorsed Shared Interest's work in advancing economic justice in Southern Africa.
- Overbrook Foundation Partner — Partner organization supporting Shared Interest's work in Southern Africa.
- Prime Capital Partner — Financial partner that issued loans backed by Shared Interest guarantees to support SMEs in Lesotho.
- Shared Interest Network — Donna Katzin Imbokodo Donor Circle supports Shared Interest as a change-making organization through strategic contributions.
- Spelman College Partner — Participating HBCU in the pilot program offering education on ESG and impact investing.
+ 18 more
strategies · 4
How they approach the work
Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.
- De-risking Local Finance through Partial Credit Guaranteesmethodology: de-risking local finance through partial credit guaranteesBy providing partial credit guarantees and loss reserve funds, reduces the risk for local financial institutions in lending to marginalized entrepreneurs and SMEs, thereby unlocking access to capital that would otherwise be unavailable due to perceived credit risk.
- Integrated Capital and Capacity Buildingmethodology: integrated capital and capacity buildingBy pairing financial guarantees with technical assistance, simultaneously strengthens the capacity of both lenders and SMEs, improving not only access to capital but also long-term business performance and sustainability.
- Leadership Development in Impact Investingmethodology: career-development-in-impact-investingBy engaging HBCU students in career pathways and education in impact investing and finance, builds a future pipeline of diverse leaders who can advance inclusive and sustainable economic development in Black communities.
- Trust-Based Participatory Philanthropymethodology: trust-based participatory philanthropyBy centering community needs and involving affected stakeholders in funding decisions, fosters trust and ensures that philanthropic capital is directed in ways that reflect lived experience and drive more equitable and effective outcomes.