Mobilizing Diaspora Direct Investment A new source of capital Individual Impact Investing in the 21 st Century London – United Kingdom

What are the facts? What we know about Diaspora capital flows: – US$450B in remittance flows from West to Emerging Markets (10%-15% per year) - WB – US$40B in flows into Africa alone (P2P) – Conventional Wisdom: Subsistence Consumption

What do Remittances say? Remittances outstrip any other form of flows – Size – Resilience Do Remittance flows = Diaspora Investment Flows? What do we know about remitters and their motivations…

GWU – Western Union Research GWU-Western Union Afro Migrant Study: – About 1,000 members of US-based African Diaspora were surveyed – sponsored by WU – Research Objectives: Profile? Investment interest and activity? Obstacles to investments? Diaspora investment advantages? Investment motivation?

GWU-WU Findings (1) Profile? – Average stay in the US: years – 72.2% plan to return “Back Home” – Average age of respondent: 46 years old – More than 50% have annual incomes in excess of US$100,000 – Average remittance in past 3 yrs: US$12,974 (std dev: US$22,873.)

GWU-WU Findings (2) Demographics:

GWU-WU Findings (3) Risk Tolerance

GWU-WU Findings (4) Contact with “Back Home ”

GWU-WU Findings (5) Investment Interest (%)

GWU-WU Findings (6) Investment Activities (%)

GWU-WU Findings (7) Diaspora investment motivation summarized: Financial Emotional Social-status Political

Implications? How to translate into a palatable proposition? Need to: – Facilitate Access to Impactful Opportunities – Provide Reasonable Prospects for Returns – Provide Process Transparency – Address Voice Mechanism Must do this in a single proposition…

Solution…

Homestrings Update Over $10 million invested via Homestrings.com since 2/2012 Over 1000 members in database Infrastructure bonds - key drivers – Kenya, Nigeria, Ghana, Mozambique… Public financing debt: – Cote d’Ivoire (2032), Congo, Uganda, Egypt,… Financing Pipeline: Healthcare, Housing, Agribusiness and Mining…

Next Steps? Diaspora and Other interested Investors Registering at the average rate of 100 a month Growing book of Opportunities Private Equity Funds Diaspora Bonds (gvts, corporations, n/profits) Housing (investment, lending, buying) Deals (co-investment and stand-alone)

Conclusion Homestrings – a repository of investment opportunities for Diaspora and other investors Homestrings – a platform for vetted project promoters Homestrings – first impact investment “shopping mall” for the Diaspora.

Contacts Eric V. Guichard – Founder/CEO Derek Smail – Senior Advisor/Member of Advisory Board Address: