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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.
Pass-through voting seeks to give underlying investors a greater say in how shares held through pooled investment vehicles are voted.Supporters view it as a natural extension of shareholder...more
Jamel Gaines Creative Outlet is a nonprofit cultural institution dedicated to creating transformative choreography.Founder Jamel Gaines has nurtured and showcased young professional dancers,...more
The Payment in Lieu of Taxes program was meant to provide relief to people who pay property taxes in Portland.City documents say if the $4 billion tax-exempt properties in the city were taxable, the...more
Long-term trial plots across Europe are testing how genetically mixed forests grow and adapt.New planning tools let forestry managers explore which species and genetic combinations are likely to work...more
Volunteers nationwide help veterans find purpose through beekeeping program.Nonprofit pairs former service members with mentors to ease transition to civilian life.Hives for Heroes is a nonprofit...more
The Penn State Master Watershed Steward Program provides extensive training in watershed management to volunteers.Volunteers educate the community about watershed stewardship based on university...more
Foundation: Hawarden Community Foundation, Siouxland Community Foundation
Hawarden Community Foundation awarded more than $94,000 in grants to local nonprofit organizations and government entities during a presentation June 3.The largest grant awarded was $25,040 to the...more
Lewis County Awarded $210,000 State Grant for Further Development of the Buffalo River Blueway.The fully-funded state grant is the largest Three Star Grant ever awarded to Lewis County.The project...more
For companies, governments, and civil society, investing in frontline health systems is not charity it is infrastructure.When they are under-resourced, communities lose trust, service delivery...more
The Chance to Dance provides free classes for students of all abilities physical, intellectual, and developmental so they can experience the joy of movement.Classes include a variety of adaptable...more
Community Building News from...
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Social Entrepreneurship
Spotlight
When it Comes to Social Enterprises, Failure is the Best Platform for Innovation
In the world of social enterprises, failure is a cringe-worthy moment nobody wants to talk about. But, social entrepreneurs can benefit from their failures.
