18
2012 - AMBATOVY SUSTAINABILITY REPORT
Community Investments
Ambatovy s Social Investment Fund
In 2012, Ambatovy created a Social Investment Fund (SIF) in partnership with the Government of Madagascar,
pursuant to which Ambatovy has committed $25 million to support social development projects. By the end of 2012,
Ambatovy began supporting two projects: construction of a new marketplace in Toamasina’s city centre and the
Harenasoa
3
Poultry Project – a social business.
The latter will offer the chance to improve living conditions for more than 300 poultry farmers, providing them the
opportunity to become professional chicken farmers. We call this a social business in the sense that it is a cause-
driven business where the investors and owners can gradually recoup the money invested, but cannot take any
dividend beyond that point. This social business, which uses concepts established by the Nobel Peace Prize laureate,
Professor Muhammad Yunus, is the first of its kind in Madagascar.
3 In English,
“
harena
”
translates as wealth and prosperity and
“
soa
”
means excellent and beautiful.
