Pax World Assists Afghanistan By Enabling Contribution of Gains
September 2, 2002
Pax World Balanced Fund, a socially responsible mutual fund, said it is aiming to provide various forms of aid to the war-torn nation of Afghanistan.
The fund, which says its investors have already contributed $80,000 over three years, is trying to help rebuild the country by helping to reconstruct schools, "improving the status of Afghan women and bridging ethnic divides." Investors in the fund can make voluntary donations in various percentages of gains and dividends.
The work has been carried out by Pax World Service, an affiliate of Mercy Corps, and a relief and development organization. Mercy uses the contributions to help school reconstruction, water management systems, wind power, economic rehabilitation, basic shelter and living needs.
Neal Keny-Guyer, Mercy Corps' chief executive, said investors in the fund are "helping families in Afghanistan get back on their feet after decades of war, drought and hunger. Their support literally means new hope for tens of thousands of the world's poorest individuals."