For two years now, rock-bottom interest rates have meant nominal returns for savers holding extra cash. But, those who want to do some good in the world have actually done better than their peers – a lot better in some cases, generating enviable returns as high as 6 percent.
Richard Frisbie, a Purdue University administrator with a penchant for strong rates of return and a low tolerance for risk, earns 3 percent on most of his 17 Calvert Foundation community investment notes, which he bought through MicroPlace.
His money supports artisans and other microentrepreneurs in developing nations. And he doesn’t worry about them defaulting. The institutions that broker his microloans stand behind their borrowers and have a 100 percent repayment history through MicroPlace.
Investors with as little as $20 can support microentrepreneurs, while earning rates of return as high as 6 percent. Dozens of MicroPlace investments pay 3 percent on commitments of two years or less.
(Continue reading in the Christian Science Monitor)