Archive for October, 2013

Executives in KKR & Co.’s Singapore and Sydney offices have taken the firm’s environmental, social and governance initiatives one step further, this time outside the portfolio.

KKR teamed up with Impact Investment Exchange Asia (IIX) to help a company called East Bali Cashew develop its business plan, which ultimately resulted in $900,000 million of new financing, according to a release from the firm. The new financing, which did not include capital from KKR, will aid in the construction of a second factory, which in turn will hire 100 new employees.

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Work with East Bali Cashews leads to $900,000 investment, creating jobs and social impact

October 22, 2013

Impact Investment Exchange Asia (IIX), a leader in social sector development through impact investment, and KKR, a leading global investment firm, marked the successful completion of its technical assistance project with East Bali Cashews (EBC), based in the rural village of Ban in Bali’s Karangasem District.

Social Enterprises are businesses which actively create a positive return to society. EBC, founded in 2012, is the first large-scale cashew processing facility in Bali and uses sustainable, eco-friendly business practices to process unshelled cashews, package and sell them under the brand name Alamente. EBC creates employment for women from farmer households who are mostly illiterate and have never had formal, salaried employment.

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