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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: Aspen Community Foundation, California Community Foundation, International Community Foundation, San Diego Foundation
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The Well newsletter updates Tar Heels on UNC-Chapel Hill's top stories, upcoming events and campus accolades.The newsletter arrives in your inbox every Tuesday, Wednesday and Thursday morning.The...more
OMB published a proposed rule in the Federal Register that would substantially revise the government-wide regulations governing federal financial assistance.The proposal represents one of the most...more
The United States and Latin America are home to some of the world's most innovative experiences in digital farming, sustainable resource management, and climate adaptation.The adoption of...more
Volunteers help with all aspects of Boonerang, including staffing information tables, running the Silent Disco, and handling cleanup.Volunteer Coordinator Dona Dowlan manages recruitment,...more
In recent years, women have amassed much more wealth, and with it, more control of the philanthropic purse strings.Households where women make charitable giving decisions are more likely to support...more
Why Climate Innovations Must Align with On-ground Realities to Scale.India's climate innovation ecosystem has seen steady momentum in recent years, with solutions emerging across agriculture, waste...more
David Coker Jr., a former aide to ex-House Speaker Jason Wentworth (R-Farwell), will stand trial in circuit court on charges including embezzlement and criminal enterprise.Michigan Attorney General...more
Gavin Newsom's office announces $80 million in grants to bolster security measures at nonprofits.36 nonprofits in San Diego are at high risk of violent attacks.The Islamic Center of San Diego is not...more
Community Building News from...
Aspen Community Foundation
California Community Foundation
International Community Foundation
San Diego Foundation
Watertown Area Community Foundation
Community Giving Foundation
Community Foundation of Henderson County
California Wellness Foundation
Latino Community Foundation
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Social Entrepreneurship
Spotlight
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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.
