In eastern Bali, where the climate is dry and the soil unforgiving, just about the only trees that thrive are those producing cashew apples. But while the residents depend on their crops for sustenance, perhaps 90% of the processing is done in places like Vietnam and India. Meaning: Most of the money is made elsewhere; the average income is $2 a day. Read More
East Bali Cashews, an innovative partnership in Indonesia, underlines how big business can use its know-how to help social enterprises become financially sound and still deliver on their fundamental goal, says founder Aaron Fishman
01 November, 2013– Impact Investment Exchange Asia (IIX) is proud to announce it’s work with East Bali Cashews which led to $900,000 investment, creating jobs and positive social impact.
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.