IIX Closes First 'Orange Bond' $50m To Invest In Women Organizations in Southeast Asia

A Singapore-based company has just raised $50 million for its fifth Women's Bond, which will make loans to women in Cambodia, India, Indonesia, Kenya, and the Philippines across agriculture, clean energy, sanitation, and affordable housing, the Guardian reports.

The company, Impact Investment Exchange, says the bonds, named after the color of the UN Sustainable Development Goal 5, will help close the gender gap in women's livelihoods in Asia and Africa.

"The Covid-19 pandemic and the climate crisis aggravated gender disparity, and women in the Global South are left to bear the brunt of it," IIX CEO Durreen Shahnaz says in a statement.

IIX is the first company to comply with the Orange Bonds Principles, developed by a coalition of impact investors.

Orange bonds, named after the color of the UN Sustainable Development Goal 5, must abide by a set of criteria and are intended to become an asset class of their own.

IIX estimates orange bonds could unlock $10 billion in genderlens investing by 2030, which would empower 100 million women and girls to develop solutions to achieve gender equality and build a more inclusive and resilient world. Read the Entire Article

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Ecosoc: Multi-Stakeholder Forum on Science, Technology and Innovation (Am &Amp; Pm)

"We are not on track" to meet the UN's goals for sustainable development by 2030, Secretary-General Antonio Guterres said Tuesday at a high-level forum on science, technology, and innovation, per...more

Albany Community Together, Inc. Receives $1 Million Grant from Truist Foundation
Foundation: Truist Foundation

A former grocery store in Albany, Ga., is about to become a hub for local farmers, chefs, and consumers. The Table of Southwest Georgia has received a $1 million grant from the Truist Foundation...more

The VF Foundation Announces $8.3 Million in Community Investments, Highlighting Efforts in ...
Foundation: United Nations Foundation

"We are proud to invest in grantees who share our passion and vision for creating meaningful change in our core focus areas," says Gloria Schoch, executive director of the VF Foundation, the private...more

The Confounding Life of the Woman Seeking to Heal San Francisco's Wounds

"I was determined to go out into the world to find the'medicine' to heal my community," says Lena Miller, a white woman who grew up in San Francisco's historically African-American Hunters Point...more

Tribal Solar Projects Provide More Than Climate Solutions

"We are disrupting the broken fossil fuel-based energy system," says Cheri Smith, a co-founder of Covenant Solar, a nonprofit that has installed solar panels on the Northern Cheyenne Indian...more

Community Works Returns - And Grows - In 2023

If you're in the nonprofit or community-building arena, you may want to consider attending a conference that's being held in person for the first time this year. That's because the annual...more

Future Of Cities

"America's cities are diverse, dynamic, and constantly evolving," and "as we envision the city of tomorrow, what pitfalls should we sidestep and what new heights can we expect to climb?" That's the...more

Enterprise and Wells Fargo Foundation Announce $20M Housing Affordability Breakthrough ...
Foundation: Wells Fargo Foundation

"We urgently need to reimagine access to quality affordable places to live in the US, which is so tightly linked to economic stability, physical and mental health, and ultimately generational...more

Family Promise of Spokane focuses on innovative solutions to help homeless

"Amazon uses technology to predict what product you might want to buy next, Facebook does the same thing to show you ads, so why can't that same type of technology be used to help solve...more

Governor Mills Appoints Former House Speaker Ryan Fecteau As Senior Advisor In ...

The speaker of Maine's House of Representatives is leaving his post to join Gov. Janet Mills' administration as a senior advisor for community development and strategic initiatives, the Portland...more

Nepal’s Hidden Journeys has been offering travelers a glimpse of of how Nepali social entrepreneurs operate. Hidden Journeys are inspirational tours that enable tourists to visit Nepal’s changemakers, and have the visitors inspired, learned and changed.

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