WLB is a $8 million bond and is the first in a series of IIX Social Sustainability Bonds. It will provide multi-country and multi-sector financial and social returns and will impact the lives and livelihood of over 385,000 women across Southeast Asia.
The woman behind this innovative financial instrument is Durreen Shahnaz. From the dirt roads of Bangladesh to Wall Street, she has been paving the way for women. Shahnaz was the first Bangladeshi woman to work on Wall Street after graduating from Smith College and subsequently, she was also the first Bangladeshi woman to graduate from the Wharton Business School. She learned finance at Morgan Stanley then applied that knowledge when she worked at Grameen Bank, which works to improve access to finance in developing countries. Read More.