Christian Louboutin has released a limitied-edition Peace of Shoe style in New York, Los Angeles and Miami to benefit microfinance, and Louboutin's charity of choice is microfinance organization Grameen Foundation.
If you think a $1,495 shoe is unreasonable, consider that its proceeds are going directly towards microfinance. The designer was inspired to create the limited-edition peep-toe pump, after reading Creating a World Without Poverty, by Nobel Prize winner and Grameen Foundation founder Muhammad Yunus, WWD reports.
Louboutin has produced 33 pairs of the shoe in three colors, one for each city where it's available: champagne in New York; lavender in Miami; and pink in LA.
Proceeds from the sale of the shoe will benefit entrepreneurs in developing countries through microfinance, which facilitates a global network of lending and borrowing to stimulate local economies and support business owners. That's what we'd call a wise investment.