According to the FT(March 30th) Danone plans to launch next month with the help of Credit Agricole a novel mutual fund to invest in microfinancing projects in the world’s poorest countries. The idea is to raise initially 100mn Euro and it will be named Danone Communities Fund. This move follows the pioneering social business, Grameen Danone Foods Social Business Enterprise, a 50-50 joint venture established last year between the Grameen Group and Groupe Danone. This is probably the first private sector corporation (not a financial institution nor a foundation)that is launching a microfinance investment fund.