The Co-operative Investment Fund was created by a consortium of co-operative organizations in Barbados. Its main intention is to harness the financial resources of Barbadians from all walks of life and from all regions of the world with the expressed purpose of transforming the economy of Barbados and providing a significant boost to economic activity on the island.
The CIF was setup by the following members:
- Barbados Co-operative Business Association Ltd
- Prudential Co-operative Credit Union Ltd
- St. Stephens Co-operative Credit Union Ltd
- Shamrock Co-operative Credit Union Ltd
- United Enterprise Co-operative Credit Union Ltd
- Carson Moore
- Jacqueline Hope
- Charmaine Ward
- Mia C. Doyle
- Leonard Seale
It is intended to introduce a new approach to investing by providing the opportunity to all Barbadians to make a contribution to investing activities on the island. In a country where 90% of the financial services industry is foreign owned, and once locally owned corporations have been taken over by outside interests, major decisions are now being made offshore.
This situation is accompanied by an investment climate that is emphasizing ‘sell’ Barbados at any price. We as an independent people must seek an alternative. The Co-operative Investment Fund provides a viable alternative.