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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.
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
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Foundation: Whitefish Community Foundation
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If you're looking for a way to boost your community's sense of place, researchers at Gustavson University in Sweden have just the thing. They've developed a set of five principles that community...more
Seri Roth is an entrepreneur "with a passion for empowering communities and fostering positive change," according to her website. She's just launched Boston Queers, an online directory and...more
The new president of the International Storytelling Center in Jonesborough, Tenn., says he'll bring a "keen appreciation for the arts and Appalachian history" to the job, the Knoxville News Sentinel...more
Google is teaming up with Rice University to create a Houston-area startup accelerator, the Houston Chronicle reports. The accelerator will focus on the "Internet of Things," with a particular...more
"We want homes that last longer than eight to 10 years," says Avra van der Zee, COO of Hawaii-based nonprofit Elemental Excelerator, which has teamed up with New Orleans' Finance New Orleans to...more
When Jude Chinedu heard Chisimdi Okoh talk about how he wanted to change the world, he thought it would be a good idea to do something about it. And so he founded the Power of One Initiative, a...more
Foundation: Boston Foundation, Cambridge Community Foundation
Geeta Pradhan is the president of the Cambridge Community Foundation in Massachusetts, and in 2024 she'll become the state's outstanding woman of the year. That's thanks to her work to fight...more
"We are seeing positive, tangible outcomes for grant recipients working to boost their capacity and impact for programs and services that are vital to those in need." Those are the words of the...more
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Spotlight
Why People Buy from Social Enterprises?
The Guardian has compiled a list of responses to its latest open thread, and has announced the winner of the social enterprise gift hamper packed with presents.
