RL172 — Transforming Lives and Communities Through Impact Investing with David Simms
In this episode of the Retirement Lifestyle Show, Erik Olson and Adrian Nicholson sit down with David Simms to discuss the extraordinary Faith-Centered Approach to Sustainable Investments by Talanton Fund. David is the Managing Partner & Founder of Talanton, a firm on a mission to end poverty through job creation in Sub-Saharan Africa.
[03:10] David's Professional Background
[05:33] Why David Founded Talanton LLC
[07:20] Financing and How Talanton Was Born
[10:35] What it Means to be an Impact Investor
[13:01] The Dignity and Respect of Having a Job
[18:16] You Can Only Create Wealth Through Business
[19:31] Risks of Impact Investing
[24:51] How Talanton is Transforming the Lives of Small-Scale Farmers
[27:58] Africa's Poverty and Malaria Problem
[30:40] Providing Jobs and Income for Disabled People
[34:46] Talanton's Structure and Business Model
[37:50] What Are Public Benefit Companies?
[44:00] Why Venture Debt is Attractive to Company Founders
[45:22] How to Recognize and Assess an Opportunity
[48:46] Africa Has Failed to Eradicate Extreme Poverty
[52:55] What Africa is Lagging in Poverty Eradication
[57:54] Parting Thoughts
For more links and the full show notes keep scrolling down!
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Full Show Notes:
Impact Investing and Africa's Poverty Crisis
According to David, Africa has failed to eradicate extreme poverty. Now, this is despite the fact that most African countries boast some of the most rapidly growing economies in the world. If you go into Kenya, for example, you'll see buildings, skyscrapers and a vibrant economy. Gone are the days when Africa was a jungle. Visit any country today, and you will be amazed at just how well these countries are doing. However, despite the vibrancy of parts of Africa, the truth is that the continent has not tackled the extreme poverty issue well. There aren't enough jobs being created while the population growth continues to explode. The good news is that there is hope through impact investing. People like David have found a way to take investors on a journey where they invest in companies that are paying good returns while impacting thousands of people in some of the poorest countries on the planet. So when we talk about being an impact investor, it's that combination of financial return with bettering the lives of people.
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