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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.
"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
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
"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
"It is the honor of my life to lead this state," Maura Healey said Thursday as she was inaugurated as Massachusetts' first female governor. Healey, a Democrat, took the oath of office from...more
Foundation: New Hampshire Charitable Foundation
The New Hampshire Charitable Foundation has awarded a $30,000 grant to a Monadnock Area Transitional Shelter that will be paid over three years. The shelter has recently expanded its services to...more
Foundation: Community Foundation of Southeast Kansas
If the forecast is correct, residents of Pittsburg, Kansas, will soon be experiencing some of the lowest temperatures in the nation. But before that happens, a temporary shelter will be set up for...more
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...more
If you're in Cambridge, England, and you're in need of a roof over your head, there's a good chance you'll soon be living in one. That's because the city's city council is planning to sell its old...more
If you're in the market for a new apartment building, you may want to check out the Multifamily Impact Council. The nonprofit's mission is to establish a framework of impact investing principles...more
Foundation: Dallas Foundation
The Mary M. Jalonick Women's Philanthropy Institute has awarded $300,000 in grants to four Dallas-area nonprofits to help victims of sex trafficking, the Dallas Morning News reports. "This grant...more
Community Building News from...
Wells Fargo Foundation
New Hampshire Charitable Foundation
Community Foundation of Southeast Kansas
Dallas Foundation
Oak Park-River Forest Community Foundation
Greater Washington Community Foundation
Rhode Island Foundation
Community Foundation for Greater Atlanta
California Community Foundation
Arizona Community Foundation
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.
