Your Mark On The World

#305: Investor, Activist Seeks To 'Transform Finance' For Good

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October 1, 2015 - Read the full Forbes article and watch the interview here: http://onforb.es/1LQ9OWA. Subscribe to this podcast on iTunes by clicking here: http://bit.ly/ymotwitunes or on Stitcher by clicking here: http://bit.ly/ymotwstitcher. Impact investment will be huge, but not necessarily good, says Transform Finance co-founder and Board Chair Morgan Simon, who is passionate about using money to create social justice. Investors controlling $550 million have signed on to her program, she says. “Microfinance leading to huge debt cycles. Wind farms causing land grabs,” are signs of the problem, she says. “ Impact investment is seen as a panacea to the challenges of aid and philanthropy, yet its promise is often unrealized, lacking engagement with and accountability to the people it is intended to serve, at times even harming its intended beneficiaries. Expected to eclipse aid by 10x with over $500B, the field needs principled course-correction to maximize its transformative potential for hundreds of mi