Media

Media

The quest for social value creation in Asia through philanthropy

NUS Business School’s Asia Centre for Social Entrepreneurship and Philanthropy (ACSEP), led by Rob John and Pauline Tan with Ken Ito, has developed its second Entrepreneurial Social Finance in Asia working paper series – “Innovation in Asian Philanthropy”. The working paper explores the trends, innovations and strategies in Asian philanthropy and the various organizations that support entrepreneurial philanthropy, including IIX. Read on as IIX is profiled vis-à-vis other players in the region. More>>

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Impact Investment Exchange Prices US$30 Million Women’s Livelihood Bond™ For Climate, Supporting ~500,000 Underserved Women and Girls in Asia Through Building Resilient and Climate-friendly Economies

December 14, 2021 – SINGAPORE – Impact Investment Exchange (IIX) has successfully priced the US$30 million Women’s Livelihood Bond™ for Climate (WLB4Climate), the fourth bond in the award-winning Women’s Livelihood Bond™ Series (WLB Series). Advancing a total of 14 United Nations Sustainable Development Goals (SDGs), the WLB4Climate will support an estimated 500,000 underserved women and girls in Asia to build resilient, sustainable, climate-friendly economies in the region.

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New impact initiative to uplift underserved women SMEs in Apac – CityWire Asia

Singapore-based Impact Investment Exchange and the Australian government have launched three innovative financing solutions for women SMEs in the Asia Pacific.

On top of the initial funding of AUD 2.75m ($2.05m) from the Australian government, IIX hopes to raise AUD 18m ($24.18m) in private sector capital in two years. READ MORE

Bangladeshi-American Durreen Shahnaz now on Forbes 50 Over 50 list – Dhaka Tribune

Amid the continuing recognition for her priceless role as a financial changemaker, Durreen Shahnaz, a Bangladeshi-American investment banker-turned-entrepreneur, professor, and speaker, has now made it to the list of Forbes 50 Over 50.

The prestigious journal published what it termed the 50 Over 50: Investment list on Tuesday, highlighting the female investors and financial leaders who are leading high-growth businesses in the male-dominated spaces of Wall Street, venture capital, and impact investing. READ MORE

The Rainmakers: Meet The Women Over 50 Creating New Ways To Make And Move Money – Forbes

Born in Bangladesh and educated in the U.S., Shahnaz started her career on Wall Street in the late ’80s and saw firsthand how the financial markets can change lives—and how the vast wealth the markets were creating were not reaching the world’s women. She went on to work for microfinancier Grameen and, in 2009, founded Impact Investment Exchange (IIX), a private placement platform to invest in “last-mile” female entrepreneurs around the globe. While IIX has invested $215 million across 53 countries and helped, by her estimate, millions of female small business owners, Shahnaz is most proud of a financial instrument she created on the cusp of turning 50: a women-focused bond series. READ MORE

IIX and the Australian Government Department of Foreign Affairs and Trade Launch Blended Finance Solutions to Benefit 2.5 Million Lives in Asia Pacific by 2023

SINGAPORE AND CANBERRA [September 15, 2021] – Impact Investment Exchange (IIX) and the Australian Government’s Department of Foreign Affairs and Trade (DFAT) announced today the launch of three blended finance solutions to boost resilience and drive investment to small and medium-sized businesses and underserved women in the Asia-Pacific. With AUD2.75 million in funding from the Australian Government, IIX will unlock an additional AUD18 million through the catalytic use of the funding.

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EMPOWERING WOMEN-FOCUSED BUSINESSES BY TYING INVESTMENT TO IMPACT ASSESSMENT – InclusiveBusiness.net

Impact Investing Exchange (IIX) is a pioneer in impact investing, founded by Professor Durreen Shahnaz. In 2017, it launched its first Women’s Livelihood Bond, focusing on financial inclusion enterprises in Southeast Asia. Since then, the series has expanded to include new sectors in Sri Lanka, Indonesia, and India. READ MORE

World’s First Listed Gender Lens Impact Investing Security, IIX Women’s Livelihood Bond 1, Matures

July 6, 2021 – SINGAPORE – Impact Investment Exchange (IIX)’s Women’s Livelihood BondTM 1 (WLB1), the world’s first gender lens and impact investing instrument to be listed on a stock exchange (the Singapore Exchange), matured on July 6, 2021. With all coupon payments and principal payments made on time, even throughout the COVID-19 pandemic, the Bond provided investors with an annual return of 5.65% from 2017-2021. The WLB1 is the first issuance of the US$150M Women’s Livelihood Bond Series, a series of innovative debt securities that creates sustainable livelihoods for over 3 million underserved women across the Asia-Pacific and other emerging markets. In addition to its strong financial performance, all social performance targets, including targets for increased financial inclusion and financial resilience, were met or exceeded, demonstrating the sustainability of the bond’s underlying portfolio throughout the pandemic.

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OPINION: To build sustainable ocean economies, start by investing in women – Thomson Reuters Foundation

Some 60 million women work in the fishing industry, making up nearly half that global workforce. But women often do the least recognized and lowest paid jobs – collecting fish on the beach or working side-by-side in processing plants – and have little access to capital to start or grow their own businesses.

They face discrimination, hold few management positions and are underrepresented in decision-making groups about investments for sustainable fisheries. And yet evidence shows that when we invest in women, they are empowered to conserve and manage natural resources like our oceans, which yields better results than when they are excluded. READ MORE

Financing a sustainable ocean economy – Nature

The ocean, which regulates climate and supports vital ecosystem services, is crucial to our Earth system and livelihoods. Yet, it is threatened by anthropogenic pressures and climate change. A healthy ocean that supports a sustainable ocean economy requires adequate financing vehicles that generate, invest, align, and account for financial capital to achieve sustained ocean health and governance. However, the current finance gap is large; we identify key barriers to financing a sustainable ocean economy and suggest how to mitigate them, to incentivize the kind of public and private investments needed for top-notch science and management in support of a sustainable ocean economy. READ MORE

5 Questions with Durreen Shahnaz – Morgan Stanley Alumni

Former Morgan Stanley analyst Durreen Shahnaz is the founder and CEO of Impact Investment Exchange (IIX). As the first Bangladeshi woman investment banker on Wall Street, Shahnaz has focused her career on giving value to those who are typically invisible to financial markets.  Founded in 2009, IIX is a global organization that is, according to their website1, “dedicated to building a more inclusive world by changing financial systems and innovating solutions for women empowerment, climate action, and community resilience.” In 2017, Shahnaz was the recipient of the Oslo Business for Peace Award2. In addition to her role as a social entrepreneur, Shahnaz was a professor at the National University of Singapore and also a media executive at Hearst Magazines.  READ MORE

Insights from the Global South: Financing Technology and Innovation in Sub Saharan Africa

There is widespread recognition that Science, Technology and Innovation (ST&I) plays a crucial role in addressing the critical gaps in sustainable development. However, financing flows have been stagnant among private sector investors, and not reaching the last mile.

On May 31st, IIX and the UK FCDO are hosting a knowledge-sharing session on the key trends in financing flows to ST&I-related sectors in South Africa, Kenya, Nigeria, Uganda, Ethiopia, and Rwanda. Catch the highlights of the report, and contact us to be the first to receive the report when it’s out!

 

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Impact Investment Exchange (IIX) relaunches IIX Impact Institute – a premier, go-to training center for sustainability

April 14, 2021 – SINGAPORE – IIX has announced the relaunch of IIX Institute, a unique and innovative learning and training program that offers a full suite of online, interactive learning courses that will equip investors, professionals, and enterprises with the knowledge they need to be leaders in sustainable finance and impact investing. For the last 12 years, the IIX Institute has been the premier, go-to training center to equip professionals and practitioners with the knowledge and skills needed to play a catalytic role in the sustainability space. 

This space is growing exponentially with the sustainable investing market reaching $30 trillion, yet the number of trained and qualified professionals who are ready to support this growth is lacking. Between all the acronyms, jargon, and varied approaches floating around, it’s no wonder that businesses, funders, and governments are scratching their heads when it comes to sustainability. 

To help close this gap, IIX Institute launched three online masterclasses last year, bringing together more than 200 students from over 50 countries and featuring seven guest lecturers from the Wharton Business School, Stanford University, Social Value International, DSB Bank, Nuveen, and the Australian Department of Foreign Affairs and Trade (DFAT). 

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IIX 12 Year Anniversary: Building Relief, Recovery, and Resilience

#BUILDINGBACKBETTER THROUGH RECOVERY

As we celebrate IIX’s 12th anniversary, we would like to share how we are building a new era of growth through three pillars: Relief, Recovery, and Resilience.

Businesses must not just survive the pandemic, but recover and have a lifeline to pivot their businesses so they’re able to adapt and thrive in the new norm. In addition to providing catalytic capital, capacity building and tools to adapt are necessary to ensure the capital is put to good use and help SMEs navigate through the challenging environment. To overcome the disadvantages faced by SMEs, it is pertinent for stakeholders to provide handholding support and lend women entrepreneurs a platform to relaunch and access national and international markets. Leveraging insights garnered from working with women entrepreneurs, IIX developed tailored toolkits and platforms across the growth stages of an enterprise that help them rebuild, pivot, and strengthen their business operations for a new business and economic environment.

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IIX 12 Year Anniversary: Building Relief, Recovery, and Resilience

 

#BUILDINGBACKBETTER THROUGH RESILIENCE

As we celebrate IIX’s 12th anniversary, we would like to share how we are building a new era of growth through three pillars: Relief, Recovery, and Resilience.

Catalytic capital allows women entrepreneurs to survive natural shocks such as the on-going pandemic. However, it is important to have a resilient enterprise contributing to the economy’s growth and maximizing its impact on underserved communities, which an emergency capital infusion by itself cannot solve. The final stage of achieving gender equality is creating resilient enterprises by providing capital at timely intervals such that they can scale rapidly.

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IIX 12 Year Anniversary: Building Relief, Recovery, and Resilience

#BUILDINGBACKBETTER THROUGH RELIEF

The pandemic has increased and will continue to increase the stress on the already fragile healthcare, education, and financial infrastructure which has affected the livelihoods of more than 65% of the rural population and over 100 million entrepreneurs just within Asia. Affordable healthcare, inclusive education, and social equality form the backbone of a resilient economy and have the power to catalyze recovery if we step up. 

As we celebrate IIX’s 12th anniversary, we would like to share how we are building a new era of growth through three pillars: Relief, Recovery, and Resilience.

The first step to #BuildingBackBetter is to ensure that SMEs survive the pandemic through immediate relief. From there, we can accelerate recovery through new financial instruments, and build true resilience by bringing women and ethnic minorities to the forefront of post-COVID growth.

Without supporting these SMEs, the world stands to suffer major setbacks in social and economic progress. However, with the right support, we can accelerate inclusive finance to sustain these businesses and enable them to rebuild the economy from the ground up.

In the coming year, IIX is excited to share new initiatives to drive urgently needed capital to SMEs, so that they can become engines of growth. Read on to learn more about IIX’s newly launched Emergency Financing Facility, and the story of one enterprise who, because of access to financing from the IEFF, will be able to help to provide livelihoods to women and farmers in Indonesia.

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Pakistan-based healthtech firm Sehat Kahani lands $1m in pre-series A round – Tech In Asia

Pakistan-based healthtech firm Sehat Kahani announced it has raised US$1 million in its pre-series A round from investors including the Islamic Development bank, 10Pearls Ventures, Mentors Fund, Korean Impact Collective Funds, and Impact Investment Exchange.

The round also saw participation from the Pakistan-based KASB Group of Companies and Din Group, along with other angel investors.

Sehat Kahani was launched in 2017 as a chain of telemedicine-enabled e-health clinics in underserved communities. Since then, its platform has been used by banks, insurance companies, telecom firms, media houses, pharmaceuticals, and fast-moving consumer goods companies. The firm also serves patients in far-flung areas through small nurse-assisted e-health clinics. READ MORE

Pakistan’s Sehat Kahani raises $1 million Pre-Series A to grow its telemedicine network – MENABytes

Karachi-headquartered telemedicine startup Sehat Kahani has raised $1 million in a Pre-Series A round, it announced today. The investment came from Islamic Development Bank, 10Pearls Ventures, Mentors Fund, Singapore-based Korean Impact Fund, and Impact Investment Exchange. KASB Securities, Din Group, and some angels also joined the round

Founded in 2017 by two female doctors, Sara Saeed Khurram and Iffat Zafar Aga, Sehat Kahani had started as a network to connect home-based female doctors to patients through telemedicine-enabled brick and mortar health clinics. The idea was to use a large number of female doctors who due to family commitments are unable to practice medicine at a hospital or clinic and connect them with patients in underserved communities through a network of nurse-assisted health clinics. READ MORE

SBP takes necessary steps to promote tech startups – The News International

The State Bank of Pakistan is taking all necessary initiatives to provide an enabling environment for the information and technology startups and women financial inclusion, the central bank’s governor said on Monday.

“The SBP is working on gender mainstreaming policy titled ‘Banking on Equality: Reducing the Gender Gap in Financial Inclusion’.

The proposed policy aims to introduce a gender lens within the financial sector through identified pillars and specific measures, to bring a shift towards women friendly business practices,” the SBP’s Governor Reza Baqir said at an event organised by Sehat Kahani, a telemedicine startup that has raised $1 million in a Pre-Series A round. READ MORE

Kinara Capital Secures INR 52 Crores from IIX’s Women’s Livelihood Bond Series for HerVikas Discounted Loan Program for Women Entrepreneurs – Latestly

Kinara Capital, a leading socially responsible fintech driving MSME financial inclusion, today announced securing INR 52 crores from Impact Investment Exchange (IIX) for the advancement of women entrepreneurs in India. This sustainable investment fund will be disbursed via Kinara Capital’s established HerVikas discounted loan program to an estimated 2500+ women-owned small businesses. The expected impact of the partnership between IIX and Kinara Capital will generate an incremental income of INR 320 crores for women entrepreneurs. READ MORE

Kinara Capital Secures INR 52 Crores from IIX’s Women’s Livelihood Bond Series for HerVikas Discounted Loan Program for Women Entrepreneurs – MRT

Kinara Capital, a leading socially responsible fintech driving MSME financial inclusion, today announced securing INR 52 crores from Impact Investment Exchange (IIX) for the advancement of women entrepreneurs in India.
This sustainable investment fund will be disbursed via Kinara Capital’s established HerVikas discounted loan program to an estimated 2500+ women-owned small businesses. The expected impact of the partnership between IIX and Kinara Capital will generate an incremental income of INR 320 crores for women entrepreneurs. READ MORE

Kinara Capital Secures INR 52 Crores from IIX’s Women’s Livelihood Bond Series for HerVikas Discounted Loan Program for Women Entrepreneurs – IT News Online

Kinara Capital, a leading socially responsible fintech driving MSME financial inclusion, today announced securing INR 52 crores from Impact Investment Exchange (IIX) for the advancement of women entrepreneurs in India. This sustainable investment fund will be disbursed via Kinara Capital’s established HerVikas discounted loan program to an estimated 2500+ women-owned small businesses. The expected impact of the partnership between IIX and Kinara Capital will generate an incremental income of INR 320 crores for women entrepreneurs. READ MORE

Kinara Capital Secures INR 52 Crores from IIX’s Women’s Livelihood Bond Series for HerVikas Discounted Loan Program for Women Entrepreneurs – Lokmat English

Kinara Capital, a leading socially responsible fintech driving MSME financial inclusion, today announced securing INR 52 crores from Impact Investment Exchange (IIX) for the advancement of women entrepreneurs in India.  READ MORE

Kinara Capital Secures INR 52 Crores from IIX’s Women’s Livelihood Bond Series for HerVikas Discounted Loan Program for Women Entrepreneurs – Yahoo News

Kinara Capital, a leading socially responsible fintech driving MSME financial inclusion, today announced securing INR 52 crores from Impact Investment Exchange (IIX) for the advancement of women entrepreneurs in India. This sustainable investment fund will be disbursed via Kinara Capital’s established HerVikas discounted loan program to an estimated 2500+ women-owned small businesses. The expected impact of the partnership between IIX and Kinara Capital will generate an incremental income of INR 320 crores for women entrepreneurs. READ MORE

Indian fintech firm Kinara Capital bags $7m in funding for women entrepreneurs – Tech In Asia

Kinara Capital, a fintech company that provides loans to micro, small, and medium enterprises, announced it has secured 520 million rupees (US$7 million) in investment from Impact Investment Exchange (IIX).

Founded in 2011, Kinara Capital is a non-banking financial company that propels the financial inclusion of small entrepreneurs through collateral-free business loans.

It launched its HerVikas business loans program in March last year to accelerate the financial inclusion of women entrepreneurs in India. The program enables their “vikas” or progress with an automatic upfront discount of 1% on interest costs on collateral-free business loans between 100,000 rupees (US$1,363.2) and 3 million rupees (US$40,898.6). READ MORE

Kinara Capital secures Rs 52 Cr from Impact Investment Exchange for women entrepreneurs – Your Story

Small business lender Kinara Capital on Monday announced securing Rs 52 crore from Impact Investment Exchange (IIX) for the advancement of women entrepreneurs in India. This investment fund will be disbursed via Kinara Capital’s established HerVikas discounted loan programme to an estimated 2,500+ women-owned small businesses.

The HerVikas programme enables ‘her progress’ with an automatic upfront discount of one percent on interest costs on fast, collateral-free business loans in the range of Rs 1 lakh to 30 lakh. The discounted loan programme for women-owned MSMEs is available in 90+ cities across the states of Andhra Pradesh, Gujarat, Karnataka, Maharashtra, Tamil Nadu, Telangana, and Puducherry (UT). READ MORE

Kinara Capital secures INR 52 crore for HerVikas program – Big News Network

Bangalore (Karnataka) [India], March 8 (ANI/BusinessWire India): Kinara Capital, a leading socially responsible fintech driving MSME financial inclusion, today announced securing INR 52 crores from Impact Investment Exchange (IIX) for the advancement of women entrepreneurs in India.

This sustainable investment fund will be disbursed via Kinara Capital’s established HerVikas discounted loan program to an estimated 2500 women-owned small businesses. The expected impact of the partnership between IIX and Kinara Capital will generate an incremental income of INR 320 crores for women entrepreneurs. READ MORE

Women and sustainable finance: fuel for the engine of COVID recovery – The European Sting

An alliance of 84 global leaders have convened since April 2020 under the World Economic Forum’s COVID-Response Alliance. Their aim? To harness the resources and collective strengths of the public and private sectors, in a bid to ensure that the world responds effectively to underserved communities.

Together with members ranging from Impact Investment Exchange (IIX) to Salesforce and the USAID Center for Innovation and Impact, the Alliance launched a 2021 Roadmap during the Davos Agenda that will drive critical resources – both financial and non-financial – for social entrepreneurs who are advancing inclusive recovery around the world. READ MORE

Kinara Capital Secures INR 52 Crores from IIX”s Women”s Livelihood Bond Series for HerVikas Discounted Loan Program for Women Entrepreneurs – Outlook India

Kinara Capital, a leading socially responsible fintech driving MSME financial inclusion, today announced securing INR 52 crores from Impact Investment Exchange (IIX) for the advancement of women entrepreneurs in India. This sustainable investment fund will be disbursed via Kinara Capital’s established HerVikas discounted loan program to an estimated 2500+ women-owned small businesses. The expected impact of the partnership between IIX and Kinara Capital will generate an incremental income of INR 320 crores for women entrepreneurs. “The investment from IIX’s Women’s Livelihood Bond Series in our HerVikas program brings fresh impetus to the need of financial inclusion of women entrepreneurs. Empowering women has a strong impact on improving the quality of life for families and achieving gender parity can add 27% to India’s GDP,” said Hardika Shah, Founder & CEO, Kinara Capital.  READ MORE

Kinara Capital Secures INR 52 Crores from IIX’s Women’s Livelihood Bond Series for HerVikas Discounted Loan Program for Women Entrepreneurs – Business Wire India

Kinara Capital, a leading socially responsible fintech driving MSME financial inclusion, today announced securing INR 52 crores from Impact Investment Exchange (IIX) for the advancement of women entrepreneurs in India. This sustainable investment fund will be disbursed via Kinara Capital’s established HerVikas discounted loan program to an estimated 2500+ women-owned small businesses. The expected impact of the partnership between IIX and Kinara Capital will generate an incremental income of INR 320 crores for women entrepreneurs. READ MORE

16 WOMEN Restoring the Earth – Landscape News

And there begins the creation story of the Impact Investment Exchange (IIX) and IIX Foundation, founded by Shahnaz, which went on to create many world firsts: the world’s first social stock exchange, the world’s first gender lens impact measurement methodology, Asia’s first and largest crowdfunding platform for impact investing (Impact Partners), and an entirely new asset class called the Women’s Livelihood Bond Series. READ MORE

Women and sustainable finance: fuel for the engine of COVID recovery – World Economic Forum

There is broad consensus on the need to intervene as a matter of urgency, in order to provide relief for women and underserved communities. However, governments and businesses have the opportunity to go one step beyond, and build the kind of resilience that will outlast any pandemic.

Across the Global South, COVID-19 has had a disproportionate impact on women-focused small and medium-sized enterprises (WSMEs). The unprecedented social and economic changes brought about by the COVID-19 pandemic have put an increased burden on women. READ MORE

SHE IS MORE Youth Art Competition Winners

KNOW ABOUT THE WINNERS!

We received 250+ pieces of artwork from all of you across 25 countries and that is just what SHE IS MORE is about, celebrating women and inclusivity through art.

We value the hard work and commitment the youth has put into creating these wonderful pieces of art.

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Singapore-based IIX’s Women’s Livelihood Bonds, for example, aim to improve livelihoods for women farmers in Asia and their ability to weather climate shocks – Impact Alpha

  • Singapore-based IIX’s Women’s Livelihood Bonds, for example, aim to improve livelihoods for women farmers in Asia and their ability to weather climate shocks. VisionFund International raised capital with a “kangaroo bond” in Australia to help women entrepreneurs and farmers secure micro-loans and climate insurance. In Amman, Jordan, Amam Ventures sees environmental impact in its pipeline of women-led businesses. “Women think about society as a whole,” Amam’s Fida Taher tells ImpactAlpha. “They know that what they’re doing has an impact, so when they measure their financial returns, they’re also measuring their impact on the environment and society. READ MORE

How leaders can harness the power of finance and technology for social good – World Economic Forum

The COVID-19 pandemic has undone progress made on the Sustainable Development Goals (SDGs). Yet, social innovation during this time is accelerating our ability to transform the way that businesses create value for society in the future. A new imperative around inclusive growth is emerging.

International private-sector investment in developing economies fell by 30% in 2020, with the poorest countries left grappling with pre-2015 levels of SDG investment activity.

With a highly uncertain outlook for the SDGs, the world is facing a watershed moment on how to rebuild a future that works for the 99%. READ MORE

Kemitraan P4G Melalui IIX Luncurkan Gender Bond untuk Mendukung Perempuan di Indonesia – BAPPELITBANGDA KOTA TERNATE

JAKARTA – Partnering for Green Growth and the Global Goals 2030 (P4G) melalui Impact Investment Exchange (IIX) telah berhasil meraih pendanaan senilai USD 27,7 juta atau setara Rp 389,5 miliar melalui penerbitan obligasi Women’s Livelihood BondTM 3 (WLB3). Pendanaan yang digalang melalui WLB3 bertujuan untuk mendukung sejumlah perusahaan yang menitikberatkan pada pemberdayaan wanita dan secara bersamaan juga membantu  READ MORE

Kemitraan P4G Melalui IIX Luncurkan Gender Bond untuk Mendukung Perempuan di Indonesia – Semarak Co

Partnering for Green Growth and the Global Goals 2030 (P4G) Indonesia National Platform bekerja sama Kementerian Perencanaan Pembangunan Nasional dan Badan Perencanaan Pembanguan Nasional (PPN/Bappenas) mendukung inisiatif Women’s Livelihood Bond (WLB) Series yang berhasil menarik minat investasi terkait pemberdayaan wanita di sektor energi dan pertanian.

semarak.co-Dimana P4G melalui Impact Investment Exchange (IIX) telah berhasil meraih pendanaan senilai USD27,7 juta atau setara Rp389,5 miliar melalui penerbitan obligasi Women’s Livelihood BondTM 3 (WLB3). READ MORE

Kemitraan P4G Melalui IIX Luncurkan Gender Bond untuk Mendukung Perempuan di Indonesia – Bappenas

JAKARTA – Partnering for Green Growth and the Global Goals 2030 (P4G) melalui Impact Investment Exchange (IIX) telah berhasil meraih pendanaan senilai USD 27,7 juta atau setara Rp 389,5 miliar melalui penerbitan obligasi Women’s Livelihood BondTM 3 (WLB3). Pendanaan yang digalang melalui WLB3 bertujuan untuk mendukung sejumlah perusahaan yang menitikberatkan pada pemberdayaan wanita dan secara bersamaan juga membantu memulihkan kondisi ekonomi para wanita yang terdampak pandemi Covid-19 di beberapa negara, termasuk Indonesia, India, Kamboja dan Filipina. WLB3 adalah obligasi ketiga yang telah berhasil diterbitkan dari serangkaian emisi yang seluruhnya bernilai USD 150 juta melalui inisiatif Women’s Livelihood BondTM Series (WLB Series). “Indonesia menyambut positif atas inisiatif WLB3 yang merupakan bentuk nyata upaya mencapai tujuan nasional terkait kesetaraan gender. Ini merupakan komitmen kuat dalam mendukung pemberdayaan wanita. Instrumen pendanaan inovatif seperti ini adalah kunci untuk mendorong pertumbuhan dan ketahanan ekonomi Indonesia. Sebagai anggota, Indonesia akan terus mendukung P4G Partnership untuk semakin meningkatkan cakupan dan hasil yang positif ini,” ujar Menteri PPN/Kepala Bappenas Suharso Monoarfa. READ MORE

Celebrating the Value of Women: SHE IS MORE Charity Auction Partners

SHE IS MORE Charity Auction Partners

Despite unprecedented challenges brought by the COVID-19 pandemic this year, we are thrilled to have been joined by some amazing partners in mobilizing youth to celebrate the courage of women through art. We’re proud to have the support of amazing, renowned brands spearheading this initiative, from Founding Partner Japan Airlines to Crazy Rich Asians and Miss Universe jeweller, Mouawad, to global sustainability brand, beCuriou!

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SHE IS MORE Charity Auction

ABOUT SHE IS MORE

IIX Foundation launched SHE IS MORE to enable everyone to be an advocate for women’s empowerment, to build youth leaders, and to support struggling industries to recovery from the pandemic. SHE IS MORE sparked a global movement in 2019 to celebrate women from all walks of life. This year, join hundreds of women, men, girls, and boys around the world who are using creativity to build a more inclusive world.

The SHE IS MORE Online Auction that was held from Friday, 26 February 2021 – Monday, 8 March 2021 had a range of auction items from travel packages to designer goods for bidding.

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SHE IS MORE: Get to Know Our Judges

Get to Know Our Judges

For this year’s She is more Youth Art Competition, we have a stellar line up of influential judges from the art community across the world. Out of the hundreds of artwork submissions, we have 233 finalists competing in 2 categories. Our judges will be deciding on this year’s winners who will be announced during the week of our Art Auction between Feb 26 – March 8.

Not only will they decide which artist will receive the mentorship prize, we will also hear from them over the next few weeks as they share with us their thoughts on their favorite artwork and the feelings they evoked.

Don’t forget you can be a judge as well! Vote for your favorite artwork to win the Audience Choice Award here.

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Covid-19 pushes surge in sustainable deals – The Asset

Another interesting deal printed in 2020 was the US$12 million women’s livelihood bond for WLB Asset II Pte Limited, the proceeds of which were utilized to extend loans to selected microfinance institutions and impact enterprises benefiting women in Cambodia, India, Indonesia and Sri Lanka. READ MORE

DFC pledges $150 million to guarantee the Women’s Livelihood Bond series – Impact Alpha

The commitment is part of the U.S. International Development Finance Corp.’s effort to mobilize $1 billion for women’s economic empowerment in Asia and $6 billion globally (see, “With billions as bait, development financiers seek to hook private investors on gender-lens investing”). READ MORE

DFC Announces $1 Billion W-GDP 2X Asia Initiative – DFC

U.S. International Development Finance Corporation (DFC) Chief Executive Officer Adam Boehler today announced W-GDP 2X Asia, a commitment to mobilize $1 billion of investment to advance women’s economic empowerment in Asia. Through the initiative, DFC aims to mobilize capital and incentivize action from the private sector to achieve scalable and sustainable impact for economically empowering women in the region. The announcement was made during a virtual event featuring keynote remarks by Boehler and a fireside chat with female entrepreneurs. READ MORE

Singapore’s IIX invests in Centrum Microcredit to support women micro-entrepreneurs. – Impact Alpha

Impact Investment Exchange invested $5.5 million in the microfinance firm from capital it raised through its Women’s Livelihood Bond series READ MORE

6 Trends In Social Enterprise And Impact Investing In 2020 – Forbes

Impact investors, including family offices, lenders and many others, responded to the pandemic with emergency response programs and new investments. Social impact finance pioneer Impact Investment Exchange, for example, recently announced the latest in its series of Women’s Livelihood Bonds (WLB), a $27.7 million bond targeting enterprises in Cambodia, India, Philippines and Indonesia and focused on helping women and women entrepreneurs cope with the pandemic’s impact.READ MORE

Women’s Livelihood Bond Helps Women In Asia Pacific Struggling Amid The Pandemic – Forbes

Building on the track record of its previous two Women’s Livelihood Bonds (WLB), social impact finance pioneer Impact Investment Exchange recently announced its latest in the series, aimed at helping underserved women and women entrepreneurs in the Asia Pacific region recover from the pandemic. The $27.7 million bond targets enterprises in Cambodia, India, Philippines and Indonesia. It’s also the first investment of IIX’s Women’s Catalyst Fund (WCF), which focuses on accelerating new financial instruments for women. READ MORE

Monday thoughts: Is your KiwiSaver making an impact? – Stuff

This initiative was founded by Professor Durreen Shahnaz, a Bangladeshi-American academic and entrepreneur wanting to provide women, the environment and underserved communities with a voice in global markets.

From a community perspective, this micro-finance lending can make a massive difference. Small cash loans are made to individual entrepreneurs and small businesses, especially targeting women who use the funds as a tool to raise their families out of poverty. This delivers skills, financial resilience, and the ability to generate income. READ MORE

Centrum Microcredit raises $5.55 million from Singapore’s IIX – The Hindu BusinessLine

Centrum Microcredit Ltd, the micro-finance arm of diversified Centrum Group, has raised $5.55 million (about 41 crore) debt from Singapore-based impact investing and sustainability organisation Impact Investment Exchange (IIX). The micro-finance firm, which has presence across nine States, will use the funding to provide financial assistance to women entrepreneurs. READ MORE

Taiwan, US bond to empower women – Taipei Times

The partnership was announced at a news conference at the Executive Yuan in Taipei, with Minister of Foreign Affairs Joseph Wu (吳釗燮), Executive Yuan Minister Without Portfolio John Deng (鄧振中) and International Cooperation and Development Fund (ICDF) Secretary-General Timothy Hsiang (項恬毅) joining Christensen.

Created by the Singapore-based Impact Investment Exchange (IIX), the Women’s Livelihood Bond Series is a series of debt securities to empower women in Southeast Asia by creating sustainable livelihoods, officials said at the event. READ MORE

Taiwan, US partner on bond project to empower women in SE Asia – Focus Taiwan

Taipei, Dec. 14 (CNA) Taiwan and the United States announced Monday that they have joined hands in taking part in a bond project dedicated to raising funds for and empowering underprivileged women in Southeast Asia.

The two countries supported the issuance of a third tranche of Women’s Livelihood Bonds on Dec. 10 worth US$27.7 million, the American Institute in Taiwan (AIT) said. READ MORE

Latham Advises on Third Tranche of First-Ever Multi-Country Listed Gender Bond Series – Legal Desire

Latham Advises on Third Tranche of First-Ever Multi-Country Listed Gender Bond Series  READ MORE

台灣、美國參與債券計畫 提升印太地區婦女經濟賦權 – Taiwan News

外交部今日在行政院召開記者會,並由台、美政府相關部門出席報告兩國共同參與新加坡社會效益投資公司(Impact Investment Exchange)所規劃的婦女生計債券(Women’s Livelihood Bond)。

政委兼行政院經貿談判辦公室總談判代表鄧振中表示,台灣與美國國際開發金融公司(U.S. Development Finance Corporation)透過東南亞銀行提供微型貸款給當地婦女,讓她們發展自己的事業或幫助家計,小至購買摩托車以便工作使用,大至創業等,尤其針對那些無法透過正常融資管道借到錢的婦女,避免她們去借高利貸,最終導致財務困難的惡性循環。READ MORE

婦女生計債券 台美提升印太女性經濟賦權 – IDN

台美雙方上午在行政院舉行「台美在新南向國家的新合作模式:婦女生計債券計畫」記者會,行政院經貿談判辦公室總談判代表、政務委員鄧振中,及外交部長吳釗燮、國際合作發展基金會秘書長項恬毅、美國在台協會(AIT)處長酈英傑出席。

行政院經貿談判辦公室指出,新加坡「社會效益投資公司」規劃的「婦女生計債券」是兼顧社會效益及財務收益的創新金融商品,第三期已在10日發行,募資2770萬美元,將用來協助印尼、印度、菲律賓等亞洲國家約17.5萬到18.5萬名弱勢婦女及女性企業家,取得貸款及可負擔的生活必需品等,提升婦女生計。READ MORE

台美合作參與新南向「女性生計債券」 吳釗燮:盼終結貧窮惡性循環 – The Storm Media

「女性生計債券」(WLB)是新加坡「社會效益投資公司」(Impact Investment Exchange,IIX)規劃的四期計畫,目前第3期已募得2770萬美元,而國合會11月底加入此計畫,與美國國際開發金融公司(DFC)合作信用強化,協助印尼、印度、菲律賓及其他亞洲國家的當地女性獲得優惠貸款,助她們經營小本生意和提升生計能力。READ MORE

台美合作再進階!共推2770萬美元婦女生計債券 助新南向弱勢家庭脫貧 – Apple Daily

外交部長吳釗燮今(14日)與美國在台協會台北辦事處(AIT)處長酈英傑共同舉行記者會,宣布台美將共同推行「婦女生計債券」(Women’s Livelihood Bond),幫助東南亞及南亞地區的婦女改善家庭生計,力阻貧窮循環,目前「第三期婦女生計債券」規模已達2770萬美元。酈英傑強調,很驕傲和台灣站在一起,增進女性的經濟賦權。READ MORE

台美參與婦女生計債券 提升印太女性經濟賦權 – CNA

(中央社記者陳俊華台北14日電)行政院政務委員鄧振中、美國在台協會處長酈英傑今天宣布,已共同參與第三期「婦女生計債券案」,協助東南亞國家弱勢婦女及女性企業家取得貸款,提升印太地區婦女經濟賦權及永續發展。

台美雙方上午在行政院舉行「台美在新南向國家的新合作模式:婦女生計債券計畫」記者會,行政院經貿談判辦公室總談判代表、政務委員鄧振中,及外交部長吳釗燮、國際合作發展基金會秘書長項恬毅、美國在台協會(AIT)處長酈英傑出席。READ MORE

鄧振中:台美新南向有多種合作項目 – China Times

台美今天共同宣布共同參與「第三期婦女生計債券計畫」,國合會祕書長項恬毅說,本案第三期共募集2770萬美金,其中國合會出資300萬美金,預期計畫能造福新南向地區約17.5萬至18萬名婦女改善生活。行政院經貿談判辦公室總談判代表鄧振中則說,除了本案外,未來台美在新南向國家還有許多合作項目。READ MORE

台美共促婦女生計債券案 助印太地區婦女經濟賦權- UDN

〔台美雙方今(12)日於行政院宣布共同參與「婦女生計債券案」(Women’s Livelihood Bond, WLB) ,將藉公私部門合作的方式,在印太地區協助弱勢婦女建立永續性生計,其中「第三期婦女生計債券」已在本月10日發行,要協助17.5萬名至18.5萬名弱勢婦女與企業家。 READ MORE

台美共同參與「婦女生計債券」 合作提升印太婦女經濟賦權 – Liberty Times Net

〔記者呂伊萱/台北報導〕台美共同參與「婦女生計債券」(Women’s Livelihood Bond)案,合作提升印太地區婦女經濟賦權及永續發展,行政院政委鄧振中、外交部長吳釗燮、國合會秘書長項恬毅及美國在台協會(AIT)處長酈英傑(Brent Christensen)今共同宣布此案。酈英傑說,此次合作是奠基在美台既有多個成功的現有平台與倡議合作之上,「我們很驕傲能與台灣和其他理念相近夥伴一同在全世界推動、支持、並增進女性的經濟賦權」。 READ MORE

IIX raises $27.7 million for third Women’s Livelihood Bond – Impact Alpha

The third bond in IIX’s Women’s Livelihood Bond Series raised $27.7 million from Nuveen, BlueOrchard, Pathfinder NZ, Hong Kong-based family office Grace Harmony and others.

Proceeds from the bond will be invested in enterprises across South and Southeast Asia helping 180,000 women rebound from COVID’s economic impacts. READ MORE

IIX Accelerates Gender Bond Issuances With Pricing of Women’s Livelihood Bond 3 – NextBillion

The WLB3 continues to gather global momentum by bringing together a diverse range of public and private sector partners, including the United States Agency for International Development (USAID) and the United States International Development Finance Corporation (DFC), Shearman & Sterling, Latham & Watkins, Cyril Amarchand Mangaldas, Clifford Chance, ANZ as the lead placement agent, Standard Chartered Bank, DBS Bank, Partnering for Green Growth and the Global Goals 2030 (P4G), Global Affairs Canada (GAC), the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP) and the  United Nations Capital Development Fund (UNCDF). Nuveen has returned as an investor for the third issuance, along with several new institutional investors from New Zealand such as Pathfinder NZ.

IIX’s CEO and Founder, Professor Durreen Shahnaz, said, “At a time when COVID-19 caused governments, investors, and businesses to turn inward and leave behind millions of underserved women, we took a stand to do what is right. We closed a deal of immense proportions during a pandemic, and taught the world’s leading institutions how to create a new financial product that works for the 99%. Our astounding success is due to the fact that we dare to do what no one else is doing by valuing women and making them a part of the global financial system. But we’re not stopping there. With each innovative financial instrument, we’re going to keep pushing the boundaries of financial markets so that we create truly systemic change that will outlast any pandemic.” READ MORE

UN Supports IIX In Accelerating Its Women’s Livelihood Bond Series – ESCAP

The Impact Investment Exchange (IIX) has successfully closed its US$27.7 million Women’s Livelihood Bond TM 3 (WLB3), the third bond in the award-winning Women’s Livelihood Bond TM Series. Advancing 13 Sustainable Development Goals, the WLB3 complies with the International Capital Markets Association Social Bond Principles and will support 180,000 underserved women and women entrepreneurs in the Asia-Pacific region to respond, recover from, and to build resilience in the aftermath of the COVID-19 pandemic. READ MORE

Impact Investment Exchange launches $27m bond to help women in Asia rebuild livelihoods post-Covid – Pioneer Post

Singapore-based Impact Investment Exchange (IIX) has issued its US$27m Women’s Livelihood Bond 3 (WLB3), the third in the $150m WLB series of gender bonds aimed at creating sustainable livelihoods for more than 3 million women in developing countries. WLB3 will be backing enterprises in India, Indonesia, Cambodia and the Philippines that are directly supporting women to respond to or recover from the economic effects of the pandemic. READ MORE

Bond to list on SGX that funds loans to women-focused enterprises in developing countries – The Straits Times

SINGAPORE (THE BUSINESS TIMES) – Singapore-based capital firm Impact Investment Exchange (IIX) has priced its US$27.7 million (S$37 million), four-year Women’s Livelihood Bond 3 (WLB3) at 3.95 per cent, a company spokesman told The Business Times on Tuesday (Dec 8).

The WLB3 is the third tranche under the US$150 million WLB Series, a series of debt securities meant to create sustainable livelihoods for more than three million women across developing countries, IIX said. READ MORE

US$27.7m Women’s Livelihood Bond 3 to list on SGX – The Business Times

SINGAPORE-BASED capital firm Impact Investment Exchange (IIX) has priced its US$27.7 million, four-year Women’s Livelihood Bond 3 (WLB3) at 3.95 per cent, a company spokesperson told The Business Times (BT) on Tuesday. The WLB3 is the third tranche under the US$150 million WLB Series, a series of debt securities meant to create sustainable livelihoods for over three million women across developing countries, IIX said. READ MORE

P4G Partnership with IIX Accelerates Gender Bond Issuances with Close of Women’s Livelihood Bond 3 – P4G

Washington, DC – Impact Investment Exchange (IIX) has successfully closed the US$27.7 million Women’s Livelihood Bond 3 (WLB3), the third bond in the award-winning Women’s Livelihood BondTM Series (WLB Series), which is a part of the P4G Partnership. Advancing a total of 13 United Nations Sustainable Development Goals (SDGs), the WLB3 complies with the International Capital Market Association’s Social Bond Principles and will support 180,000 underserved women in the Asia Pacific to respond, to recover from, and to build resilience in the aftermath of the COVID-19 pandemic. The WLB3 is also the maiden investment of IIX’s Women’s Catalyst Fund, a next generation gender lens vehicle designed to accelerate innovative financial instruments for women. READ MORE

Singapore-based Impact Investment Exchange prices US$27.7m Women’s Livelihood Bond 3 – Asian Private Banker

The Impact Investment Exchange (IIX) on Monday said it priced the US$27.7 million WLB3, its third bond in the Women’s Livelihood Bond™ series. The bond will support 180,000 underserved women and women entrepreneurs in the Asia Pacific region, IIX said in a press release. It will help these women “to respond, to recover from, and to build resilience” in the aftermath of the COVID-19 pandemic, it added. The WLB3 is the maiden investment of IIX’s Women’s Catalyst Fund (WCF), a gender-targeted financial vehicle that was designed to accelerate innovative financial instruments for women, IIX said. READ MORE

Hong Kong-based family office Grace Harmony and other firms have invested in the third issuance of the Women’s Livelihood Bond – Asian Investor

The Singapore-based Impact Investment Exchange (IIX), which focuses on impact investing, priced the $27.7 million bond, which aims to support women and female entrepreneurs in Asia Pacific in the aftermath of the Covid-19 pandemic. Other investors include US asset manager Nuveen and New Zealand firm Pathfinder Asset Management, an IIX spokeswoman told AsianInvestor, declining to name other investors and the amounts invested. READ MORE

HK family office, AMs chip in for $27m women’s bond – CityWire Asia

The Women’s Livelihood Bond 3 attracted interest from Grace Harmony, a family office based in Hong Kong, and other global institutional investors. The women’s livelihood bond, which is backed by lenders including DBS, Standard Chartered, and ANZ, has raised $27.7m. The Women’s Livelihood Bond 3 attracted interest from Grace Harmony, a family office based in Hong Kong, and other global institutional investors. Nuveen returned as an investor for the third issuance, along with new institutional investors from New Zealand such as Pathfinder Asset Management. Schroders’ impact boutique Blue Orchard also invested in the latest round.‘We continue to see interest for deals among our own network of 1,200 accredited investors, many of whom are based in Hong Kong,’ Impact Investment Exchange (IIX) CEO Durreen Shahnaz told Citywire Asia.  READ MORE

IIX Accelerates Gender Bond Issuances with Pricing of Women’s Livelihood Bond 3

December 7, 2020 – SINGAPORE – Impact Investment Exchange (IIX) has successfully priced the US$27.7 million Women’s Livelihood BondTM 3 (WLB3), the third bond in the award-winning Women’s Livelihood BondTM Series (WLB Series). Advancing a total of 13 United Nations Sustainable Development Goals (SDGs), the WLB3 complies with the International Capital Markets Association (ICMA) Social Bond Principles and will support 180,000 underserved women and women entrepreneurs in the Asia Pacific region to respond, to recover from, and to build resilience in the aftermath of the COVID-19 pandemic. The WLB3 is also the maiden investment of IIX’s Women’s Catalyst Fund, a next generation gender lens vehicle designed to accelerate innovative financial instruments for women.

Read more

ESG is having its moment, and so are its female champions – The Business Times

SINGAPORE – As sustainability-centred priorities grow in prominence on regulators’ and investors’ agendas, women, too, are increasingly muscling into the traditionally male-dominated fields like finance and real estate. While there is little hard data on the matter, women have been heading initiatives focusing on Environment, Social and Governance (ESG) standards globally and here in Asia. Some like Durreen Shahnaz, founder and CEO of IIX still feel that more can be done to give underserved women a voice in the market. READ MORE

Impact Investment Exchange (IIX) launches IIX Values™ – the world’s first impact verification solution for every organization

SINGAPORE, 25 September 2020 – IIX, a global leader in innovative finance and sustainable investing — is building on a decade of experience in impact measurement to launch IIX Values— the world’s first impact verification solution for every type of organization, whether they are for-profit or non-profit, social enterprise, funds or corporations. Grounded in over 60,000 data points from more than 360 companies working across 46 countries, the impact verification solution will not only identify, measure, and verify the value created by every company, it will also give customers the power to verify the positive impacts brought about in their lives.

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Marc Benioff, James Mwangi and Felicitas Pantoja winners of the 2020 Oslo Business for Peace Award – Market News Reports

The Oslo Business for Peace Award is given yearly to enterprise leaders, as people, for his or her excellent businessworthy accomplishments; leaders who apply their enterprise vitality ethically and responsibly, creating stronger financial and societal worth. Past winners embody Paul Polman, Ouided Bouchamaoui, Richard Branson and Durreen Shahnaz. The 2020 winners (Honourees) will likely be celebrated on the Business for Peace Summit in May 2021.  READ MORE

Investing For Good Asia – Financial Times

Financing a Sustainable, Resilient Future
DIGITAL CONFERENCE I 13 October 2020, 08:25 SGT Time (GMT +8)  READ MORE

Sustainable Investing After COVID: What’s Next for Asia? – Asia Society

During these unprecedented times when COVID-19 has exacerbated systemic social and economic inequalities, there is renewed interest in sustainable investing and creating positive change for the world’s poorest – both for national economic recovery as well as global sustainable development. At the same time, there are also rising concerns about “impact washing” or “pandemic washing” – where money is deployed to “business as usual” investments, that may even reinforce rather than reduce inequalities. READ MORE

Standing Firm Beside Underserved Women in Asia – The Rockefeller Foundation

When Durreen Shahnaz first floated the idea of creating a new financing vehicle explicitly to help underserved women entrepreneurs in Asia, bankers and financiers advised her against including the word “women.” Calling it the Women’s Livelihood Bond, they said, might chase away investors. Better to just call it an emerging market bond. No way, said Shahnaz, founder and chief executive of Singapore-based Impact Investment Exchange (IIX).  READ MORE

IIX Foundation partners with Green Cross to bring women to the forefront of climate action

August 18, 2020 – SINGAPORE AND PANAMA –  IIX Foundation (IIX), a registered 501(c)3 organization dedicated to building a more inclusive world, has partnered with Green Cross (GC), a global non-governmental organization addressing the combined challenges of environmental security, poverty and environmental degradation, to bring women to the forefront of climate action.

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The top FT stories read by the legal world in the pandemic – Financial Times

The FT’s Shanghai correspondent Thomas Hale looked at the women’s livelihood bonds issued by Singapore’s Impact Investment Exchange, which presented a rare pro bono opportunity for top US capital markets lawyers. READ MORE

Capital markets lawyers sharpen impact investing skills – Financial Times

As with any bond, the $12m raised at the start of the year by Singapore’s Impact Investment Exchange to support women’s livelihoods across Asia required extensive legal advice. “We could not have done this without the pro bono support,” says Robert Kraybill, chief investment officer at IIX. READ MORE

Can finance be a force for good? – THE PEAK

So, in 2009 at the height of the global financial crisis, Shahnaz set up the Impact Investment Exchange (IIX), the world’s first social stock exchange. The Peak chats with the quinquagenarian trailblazer about impact investing, late-stage capitalism and the She Is More initiative. READ MORE

Bangladesh-Based SOLshare Raises $1.1 Million for Solar Microgrids – Mercom India

IIX Impact Partners, a debt and equity crowdfunding platform, announced that it has helped Bangladesh-based clean energy firm SOLshare close a $1.1 million (~₹81.9 million) financing round that will help fund smart solar microgrids to off-grid, underserved communities in the country. IIX’s press statement said that the investors who participated in the funding round included innogy New Ventures LLC – the venture capital investment arm of the German utility firm innogy SE— along with the investment arm of Portuguese utility firm EDP Ventures, as well as other angel investors from around the world. READ MORE

Impact investor Durreen Shahnaz: ‘we must go beyond social bonds’ – Global Capital

Durreen Shahnaz is founder and chief executive of Impact Investment Exchange(IIX), which says it created the world’s first social stock exchange. She tells Global Capital about how we can rebuild a better economy, with the help of capital markets, after coronavirus. READ MORE

SOLshare bags US$1.1m funding with support from IIX Impact Partners – The Business Times

BANGLADESH-BASED clean energy firm SOLshare has closed a US$1.1 million financing round supported by Singapore-based debt and equity crowdfunding platform IIX Impact Partners. READ MORE

Bangladesh-Based Clean Energy Firm SOLshare Successfully Closes US$1.1M Financing Round With Support From IIX Impact Partners – Next Billion

Over the past decade, IIX has built a highway of support for enterprises across their stages of growth, effectively connecting them to capital markets through Impact Partners. With investors reeling from the market meltdown, we believe that RRI investment strategies will become the new norm.  Investors who can assess opportunities through the lens of risk-return-impact can look to make attractive returns from investing in COVID-resilient businesses while creating positive impact for people and planet.” READ MORE

Bangladesh-based SOLshare closes $1.1m financing round – The Daily Star

To support SMEs in raising capital, IIX is leveraging on-the-ground data-driven insights to provide businesses and investors with comparative, standardised information on risk, return, and impact (RRI). For the funding, the company was supported by IIX Impact Partners—the world’s most successful debt and equity crowdfunding platform for impact investing—through its network of impact investors. READ MORE

SOLshare Raises $1.1M in New Funding – future startup

First reported by the Daily Star, the funding round was supported by IIX Impact Partners – the debt and equity crowdfunding platform for impact investing and included follow-on capital from existing investors, Innogy New Ventures LLC and EDP Ventures and as well as undisclosed new angel investors from around the world.. READ MORE

Bangladesh-based clean energy firm SOLshare successfully closes US$1.1M financing round with support from IIX Impact Partners 

SINGAPORE, 3 July 2020 – IIX Impact Partners – the world’s most successful debt and equity crowdfunding platform for impact investing – has supported Bangladesh-based off-grid solar energy firm SOLshare in closing a US$1.1 million financing round. Investors include innogy New Ventures LLC – the venture capital investment arm of the German utility firm innogy SE— the investment arm of Portuguese utility firm EDP Ventures, as well as new angel investors from around the world. Funding will be used to bring smart solar microgrids to off-grid, underserved communities in Bangladesh, putting SOLshare on track to positively impact 2.5 million people by 2023.

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Bangladesh-based clean energy firm SOLshare successfully closes $1.1m financing round – The Business Standard

IIX Chief Investment Officer and MD of Portfolio Management Robert Kraybill said: “IIX is thrilled to continue supporting SOLshare, following our 2018 investment through our IIX Growth Fund.. READ MORE

SEA Digest: IIX backs SOLshare; Gojek Xcelerate selects three startups – Deal Street Asia

Singapore- based Impact Investment Exchange (IIX) on Friday announced that it has backed the $1.1-million financing round for Bangladesh-based off-grid solar energy firm SOLshare. READ MORE

ESG investing cries out for trained finance professionals – Financial Times

Some courses are emerging from outside the business school sector. In April, for example the IIX Impact Institute — part of IIX, which was created to develop the world’s first listed exchange for impact investing companies — launched an online course called Measuring Impact for Sustainability. READ MORE

“Keeping Green and Impact in Focus – mondovisione

Impact Investment Exchange, a Singapore-based enterprise whose platforms connect impact investors with underserved communities, issued its second Women’s Livelihood Bond in January this year. The US$12 million social bond is listed on the Singapore Exchange and a third bond is being planned as part of the US$150 million series. READ MORE

Cambodia women to receive support for innovative solutions – Khmer Times

Cambodia is one of the countries that benefits from Asia-based Impact Investment Exchange (IIX)’s Women’s Livelihood Bond Series as they recently won the P4G Scale-Up Partnership to scale a first-of-its-kind innovative finance solution for gender-equal COVID-resilience and green growth across Asia. READ MORE

IIX’s Women’s Livelihood Bond Series Wins P4G Scale-Up Partnership for Innovative Solution to Gender-Equal COVID-Resilience and Green Growth in Asia

May 20, 2020 – SINGAPORE –  Impact Investment Exchange (IIX)’s Women’s Livelihood BondTM Series (WLB Series) has won the P4G Scale-Up Partnership to scale a first of its kind innovative finance solution for gender-equal COVID-resilience and green growth across Asia. P4G, or Partnering for Green Growth and the Global Goals 2030, is a collaborative partnership among 12 partner countries: Bangladesh, Chile, Colombia, Denmark, Ethiopia, Indonesia, Kenya, Mexico, the Netherlands, the Republic of Korea, South Africa and Vietnam, and is funded by the governments of Denmark and the Netherlands. 

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Pivoting in the New Norm: IIX COVID-Resilience Webinar Series

The post-coronavirus economy is here to stay – so how do we embrace risk, innovate, and drive social and financial returns in this new era? Based on feedback and demand from hundreds of businesses, IIX has launched the COVID-Resilience Webinar Series to help you pivot to survive in the new norm.

Catch our last episode here, and stay tuned for the next webinar by checking this page for future updates or by signing up to our newsletter here.

IIX COVID-Resilience Toolkit for Businesses

How COVID-resilient is your organization? To help you determine your resilience, we have developed a simple COVID Resilience Tool. Join hundreds of SMEs and businesses across 46 countries in getting immediate tips on how to navigate the coming downturn, and how to improve your results.  Get started here.

Miller Center Crisis Management Resources

This page contains links to resources on business resilience and disaster recovery. As the situation with coronavirus (COVID-19) evolves, Miller Center for Social Entrepreneurship stands ready to help social enterprises navigate the significant challenges they are facing. Learn more here.

Next Billion: COVID Resources for Social Impact Sector

At NextBillion, our mission is to deliver actionable information and analysis to serve the development through enterprise space. To advance that goal, we’ve launched this resource page to keep our readers informed about emerging opportunities, trends, events and other developments that can help impact-focused businesses and initiatives weather these challenging times.world are leveraging the power of finance to address the world’s biggest challenges. Learn more here.

GIIN Covid-19 Resources

How are impact investors demonstrating their leadership and taking tangible steps to change the course of this pandemic? GIIN members and strategic partners around the world are leveraging the power of finance to address the world’s biggest challenges. Learn more here.

“Resilience in a Box” disaster planning resources for businesses via the U.S. Chamber of Commerce Foundation

The Resilience in a Box program is a collaborative partnership between the UPS Foundation, the U.S. Chamber of Commerce Foundation, the World Economic Forum (WEF), and the Disaster Resistant Business (DRB) Toolkit Workgroup. Learn more here.

Well-being: For the Little Ones

Well-being: Virtual Yoga Classes

Virtual Yoga classes

How Capital Markets Can Contain the Coronavirus – Foreign Policy

Durreen Shahnaz, the CEO and founder of the Singapore-based Impact Investment Exchange, highlighted the importance for social bonds to include the perspective of their beneficiaries. For example, the bulk of COVID-19 responses across countries “have been carried out without an eye to its impact on the world’s most vulnerable community—women,” she said. “Yet women are bearing the brunt of the pandemic due to their outsized role at the front lines of health care delivery and at the backbone of their families.” READ MORE

BYLC to host South Asia ‘Youth Resilience Summit 2020’ on Facebook live – The Daily Star

The panel speakers at the Summit include Anshu Gupta, the Ramon Magsaysay Award winning founder and director of the Indian development organisation Goonj; Natasha Garcha, Director of Innovative Finance at Impact Investment Exchange (IIX). READ MORE

The markets are collapsing – Dhaka Tribune

Thus, when one of the investors in IIX’s Women’s Livelihood Bond (WLB) sent me a note saying, “The market is crashing but WLB is up by 3.8%, thank you,” I had to smile and thank the women who received loans as a result of the WLB for making it a success even as they go about building their own livelihoods. For IIX, which was born out of the 2008 financial meltdown with a vision to radically transform financial markets for social good, I see this as a glimmer of hope that the lessons of 2008 weren’t all for nothing.  READ MORE

The Markets are collapsing: Will microfinance save us again?

by Durreen Shahnaz, Founder and CEO of IIX
March 16, 2020

IIX was born out of the 2008 financial meltdown with a vision to radically transform financial markets for social good. Over a decade later, we are bracing for a new crisis in which we need to plan for the safety of our families and employees while again facing the prospect of another global financial and economic meltdown. So, what have we actually learned from 2008? And why are over 89% of our investors looking into impact investing at a time when the markets are in turmoil?

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A UN-backed boost for women-run businesses in the developing world – modern diplomacy

Sokkheng, who runs a village store in Cambodia with her husband, lacked confidence when it comes to choosing the best approach to reinvest in her business, potentially making her vulnerable to economic and financial risks.

Today, her prospects have markedly improved, thanks to the support of a microfinance institution with a history of promoting the well-being of rural society, backed by a loan from the world’s first financial product focused on women to be listed on a stock exchange; the product is called the Women’s Livelihood Bond Series (WLB Series) and has been launched by Impact Investment Exchange (IIX).  READ MORE

Robert Kraybill ’89 Uses High Finance to Empower Women – PRINCETON Alumni Weekly

In 2009, with the help of a grant from the Rockefeller Foundation, Kraybill and Shahnaz created Impact Investment Exchange (IIX). They hoped to create an exchange dedicated to listing the stocks and bonds of, in Kraybill’s words, “mission-driven social enterprises” — businesses that are similarly dedicated to doing some kind of good as opposed to simply making money. It’s an idea that Kraybill admits is still “ahead of its time.” READ MORE

DBS makes Bloomberg Gender-Equality Index – Hubbis

DBS Foundation, the first foundation in Singapore dedicated to championing social entrepreneurship, supports and funds numerous social enterprises that empower disadvantaged women and girls. DBS is a supporter of Impact Investment Exchange’s Women’s Livelihood Bond Series, which recently closed a second USD12 million bond to help create sustainable livelihoods for more than 250,000 underserved women in the regionREAD MORE

Impact Investment Exchange’s $12 Million Gender Bond Offering – Global Legal Chronicle

Latham advised DBS, Standard Chartered, and ANZ on Impact Investment Exchange’s US$12 million Women’s Livelihood BondTM2 (WLB2)

Impact Investment Exchange (IIX) has successfully closed the US$12 million Women’s Livelihood BondTM 2 (WLB2), the Asia-Pacific’s second multi-country gender bond to be listed on a stock exchange (the Singapore Exchange), creating sustainable livelihoods for 250,000+ underserved women in the region.READ MORE

Impact Investment Exchange closes second Women’s Livelihoods Bond at $12 million – Impact Alpha

Impact Investment Exchange (IIX) launched its Women’s Livelihood Bond series in 2017 to help low-income women in Southeast Asia transition to sustainable livelihoods. Proceeds raised through the bond offering are invested in financial institutions and social enterprises supporting women.

IIX has floated both bonds on the Singapore Stock Exchange support liquidity for investors and provide “additional comfort to investors due to the added reporting requirements of a public exchange,” an IIX spokeswoman told ImpactAlphaREAD MORE

Trailblazer in Impact Interview Series: Karma Health

The Trailblazers in Impact Interview Series celebrates some of the partners we’ve worked with over the years in creating positive social and environmental impact.

In this edition, we speak with Founder and CEO of Karma Healthcare, Jagdeep Gambhir, who has been working with Impact Partners since 2017. In 2018, IIX successfully helped Karma Healthcare close a funding round led by 1Crowd and existing investors Ankur Capital, Beyond Capital Fund and Ennovent, and received support from organizations such as the Tata Trusts, UBS Optimus Foundation and WISH Foundation.

Karma Healthcare provides affordable, equitable and reliable healthcare services to the underserved rural population in India through a hub-and-spoke model that connects remote communities to doctors via real-time online video consultations. Since the inception of its first clinic in 2014, Karma healthcare has created a comprehensive ecosystem of clinical treatment, quality medicines and diagnostics at competitive rates. Prior to founding Karma Healthcare, Jagdeep worked as a program manager at various health initiatives and was an analyst at Goldman Sachs.

Enjoy the read!

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Trailblazer in Impact Interview Series: Krakakoa

The Trailblazers in Impact Interview Series celebrates some of the partners we’ve worked with over the years in creating positive social and environmental impact.

In this edition, we speak with Founder and CEO of Krakakoa, Sabrina Mustopo, who has been working with Impact Partners since 2016. In 2019, IIX invested in Krakakoa through its IIX Growth Fund, together with co-founder of SYSTEMIQ Jeremy Oppenheim and LIC VC.

Krakakoa is a bean-to-bar chocolate impact enterprise established in 2013 with the mission of improving the livelihoods of Indonesian smallholder cocoa farmers. It does this by  buying directly from smallholder farmers with price premiums and promoting better farming techniques. Krakakoa also works with female factory workers to provide stable wages, while producing and distributing retail-ready premium chocolate bars and related products.

Prior to founding Krakakoa, Sabrina worked at McKinsey, with a focus on climate change and agriculture related topics.

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Trailblazer in Impact Interview Series: Treis Asia

The Trailblazers in Impact Interview Series celebrates some of the partners we’ve worked with over the years in creating positive social and environmental impact.

In this edition, we speak with Founder and Managing Partner of Treïs Group Jérôme David. Treïs Group has previously invested in high impact enterprises through Impact Partners such as SolarHome, a Pay-As-You-Go (“PAYG”) Solar for off-grid households in Southeast Asia.

In 2008, Jérôme David founded Treïs Group, an investment firm that provides advisory and management services to investors aligned with ESG principles. Prior to this, Jérôme amassed a wealth of experience in general management and marketing at United Technologies.

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Trailblazer in Impact Interview Series: OTAGO

The Trailblazers in Impact Interview Series celebrates some of the partners we’ve worked with over the years in creating positive social and environmental impact.

In this edition, we speak with Founder and CEO of OTAGO, Carlo Figa Talamanca, who has been working with Impact Partners since 2018 in measuring their impact, and currently working on raising capital to expand their operations.

OTAGO manufactures high-quality char-briquettes using recycled biomass, as a sustainable alternative to traditional charcoal and wood, which account for over 90% of cooking fuel sources for Cambodian households. The use of wood and charcoal has many adverse side-effects, such as indoor pollution, and is one of the leading causes of disease and death in rural areas.

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Trailblazer in Impact Interview Series: Leon Toh, Damson Capital

The Trailblazers in Impact Interview Series celebrates some of the partners we’ve worked with over the years in creating positive social and environmental impact.

In this edition, we speak with Founder and Executive Director of Damson Capital, Leon Toh. In 2015, Leon Toh and Dr Amir Amiruddin founded Damson Capital, an impact investing and advisory firm based in Singapore. The firm develops impact enterprises in Asia with the potential for impact on their communities and sustained financial returns.

In addition to founding Damson Capital, Leon also served on the board of directors for Biomass Group, a renewable energy company in Sri Lanka. Prior to this, he was a strategy analyst at Accenture. Leon also co-founded Eden + Elie, a socially conscious jewelry brand in Singapore.

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Trailblazer in Impact Interview Series: ATEC* Biodigesters

The Trailblazers in Impact Interview Series celebrates some of the partners we’ve worked with over the years in creating positive social and environmental impact.

In this edition, we speak with the CEO of ATEC* Biodigesters, Ben Jeffreys. ATEC* Biodigesters has been working with Impact Partners since 2016, helping ATEC* to raise Series A Funding. ATEC’s biodigesters process green waste into biogas for clean cooking and organic fertilizer. In 2019, IIX facilitated another round of funding for ATEC to roll out the world’s first pay-as-you-go model for biodigesters. By installing a biodigester system, farming households can access a reliable source of free, clean energy, replacing traditional wood-burning cook stoves with a cleaner, healthier alternative. Prior to his work at ATEC, Ben served as a development manager at the School for Social Entrepreneurs and Oxfam Australia.

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The first-ever gender bond series listed in Asia-Pacific receives new UN support – Global Analytics Market

The first-ever Multi-Country Gender Binding Series (ESCAP), the Asia-Pacific Economic and Social Commission for Asia and the Pacific (ESCAP), the United Nations Capital Development Fund (UNCDF) and the Rockefeller Foundation, has gained new funding from Impact Investment Exchange (IIX)’s winning Women’s Livelihood BondTM Series (WLB Series).

The second multi-country gender bond, Women’s Livelihood Bond 2 (WLB 2) IIX, which was to be listed on the Singapore Exchange successfully closed off the US$ 12 million. For more than 250,000 underserved women in the country, WLB2 would create sustainable livelihoods. It is the second bond in IIX’s winning, US, Asian, African, Australian, and New Zealand-based WLB Series.READ MORE

Impact Exchange Issues Pro-Women Bond Tranche- FiNews.Asia

Singapore-based Impact Investment Exchange has successfully closed the bond targeted at improving women’s livelihood in Asia – the second such debt issuance of its kind.

The bond is part of the «Women’s Livelihood Bond» (WLB) series which aims to «create sustainable livelihoods» for over 2 million women across Asia. The WLBs are the first «gender lens bonds» for several countries in Asia including Indonesia, India, Sri Lanka and Cambodia. Impact Investment Exchange (IIX) – a Singapore-based bourse focused on issuing securities that generate both returns and real social or environmental impact – issued its first WLB in 2017 and its latest issuance raised $12 million.  READ MORE

IIX closes second multi-country gender bond in Asia-Pacific – The Asset

Impact Investment Exchange (IIX) has successfully closed the US$12 million Women’s Livelihood Bond 2 (WLB2), the second multi-country gender bond in the Asia-Pacific to be listed on a stock exchange, the Singapore Exchange (SGX), creating sustainable livelihoods for over 250,000 underserved women in the region.

Demonstrating the scalability and replicability of the WLB Series, IIX will be launching the third Women’s Livelihood Bond (WLB3) in 2020, and will build on the success of the WLB1 and WLB2 by expanding to include more countries and new sectors. The WLB2 is the first ICMA and Asean Capital Markets-certified social bond focused on women’s empowerment.  READ MORE

Asia-Pacific’s first-ever multi-country listed gender bond series gains new support from the United Nations – UNESCAP

Impact Investment Exchange (IIX)’s award-winning Women’s Livelihood BondTM Series (WLB Series) – Asia-Pacific’s first-ever multi-country gender bond series to be listed on a stock exchange – has gained new support the United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), United Nations Capital Development Fund (UNCDF) and the Rockefeller Foundation.

IIX successfully closed the US$12 million Women’s Livelihood Bond 2 (WLB2), IIX’s second multi-country gender bond to be listed on the Singapore Exchange. WLB2 will create sustainable livelihoods for more than 250,000 underserved women in the region. This is the second bond in IIX’s award-winning WLB Series, which boasts investors from the U.S., Asia, Europe, Australia and New Zealand.   READ MORE

Singapore-based impact investor IIX closes $12m Women’s Livelihood Bond 2 – Deal Street Asia

Singapore-based impact investing organisation Impact Investment Exchange (IIX) on Wednesday announced that it has closed the $12-million Women’s Livelihood Bond 2 (WLB2), aiming to create sustainable livelihoods for over 250,000 underserved women in the Asia Pacific region. The WLB2 will become the second multi-country gender bond in the Asia Pacific to be listed on the Singapore Exchange, following the footsteps of the $8 million Women’s Livelihood Bond (WLB1) that was issued and listed on the same bourse in 2017, according to a statement. READ MORE

New US$12m women’s livelihood bonds to list on SGX – The Business Times

SINGAPORE-BASED capital firm Impact Investment Exchange (IIX) on Wednesday closed its second Women’s Livelihood Bond (WLB).

The US$12 million bonds will have a four-year tenor and carry a coupon of 4 per cent per annum, IIX told The Business Times.

This is IIX’s second issuance under its more than US$150 million WLB series, which provides financing to under-served women in the Asia-Pacific. The third issuance will be launched later this year, and IIX will expand it to include more countries and new sectors.

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Daily Briefing: Local listings snub Singapore for Hong Kong; Impact investor IIX closes $12m Women’s Livelihood Bond 2- Singapore Business Review

Singapore-based impact investing organisation Impact Investment Exchange (IIX) on Wednesday announced that it has closed the $12-million Women’s Livelihood Bond 2 (WLB2), aiming to create sustainable livelihoods for over 250,000 underserved women in the Asia Pacific region.

The WLB2 will become the second multi-country gender bond in the Asia Pacific to be listed on the Singapore Exchange, following the footsteps of the $8 million Women’s Livelihood Bond (WLB1) that was issued and listed on the same bourse in 2017, according to a statement.  READ MORE

IIX’s Women’s Livelihood Bond 2 Successfully Closes — Part of Asia Pacific’s First-Ever Multi-Country Listed Gender Bond Series

January 15, 2020 – SINGAPORE – Impact Investment Exchange (IIX) has successfully closed the US$12 million Women’s Livelihood BondTM 2 (WLB2), the Asia-Pacific’s second multi-country gender bond to be listed on a stock exchange (the Singapore Exchange), creating sustainable livelihoods for 250,000+ underserved women in the region. The WLB2 is the second bond in the award-winning Women’s Livelihood Bond Series (WLB Series), which has gained new support from The Rockefeller Foundation, The United Nations Economic and Social Commission for Asia and the Pacific (ESCAP), the United Nations Capital Development Fund (UNCDF), Standard Chartered Bank, Latham & Watkins, Cyril Amarchand Mangaldas, and UN Women.

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UN Awards Ceremony Celebrates Innovative Climate Solutions

(Madrid, 10 December 2019) – Fifteen game-changing initiatives from more than twenty countries have been celebrated as winners of the prestigious UN Global Climate Action Awards during the UN Climate Change Conference COP25 in Madrid.

The Awards spearheaded by UN Climate Change’s Momentum for Change initiative showcase some of the most practical, scalable and replicable examples of what people across the globe are doing to tackle climate change.

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‘When are we going to wake up?’ – Pro Bono Australia

The impact investing movement is gaining momentum at a time when the world is facing unprecedented challenges.  READ MORE

Is White Liberalism Taking Over Impact Investing?

by Durreen Shahnaz, Founder and CEO of IIX
December 3, 2019

After a decade of impact investing, how inclusive is the space? What is the report card on the space and its mission to build a more inclusive market? Our Founder and CEO, Durreen Shahnaz shares her thoughts.

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Impact investing: How to connect the backstreets to Wall Street – DEVEX

When she was growing up in Bangladesh, Durreen Shahnaz tended to rebel against tradition, preferring boys’ clothes to saris, and exploring the streets on her bike rather than staying indoors. Yet one thing she did not rebel against was the focus on charity that was central to her family’s Muslim faith. In the past three decades, she has been guided by her maverick spirit while staying true to her humanitarian values – a theme one can see clearly in her work.  READ MORE

India: Solar startup Freyr Energy, SaaS firm Verloop raise funding – e27

Freyr Energy, an India-based full-service solar solutions firm providing access to cheap energy, has closed a US$1.5 million Series A round from Impact Partners, a crowdfunding platform for impact investing.

Operated by Singapore-based Impact Investment Exchange (IIX), Impact Partners brought together a consortium of global investors including Netherlands-based C4D Partners and India-based angel investors. According to IIX’s impact assessment, the funding will expand access to reliable and affordable solar energy to 2,275 households and 2,975 businesses, enable 675 off-grid rural villages to enjoy electricity for the first time through micro-grids, and avoid 167,270 metric tons of CO2 emissions by 2022. Read more.

ATEC* Biodigesters secures US$1.6M Series B with support from the Clean Cooking Alliance and Impact Investment Exchange (IIX) to scale clean energy access in Asia

SINGAPORE AND AUSTRALIA, 27 November 2019 – ATEC* Biodigesters (ATEC*), an Australian social enterprise, has raised US$1.6M in a Series B equity round to roll out the world’s first PAYGO (pay-as-you-go) model for biodigesters as well as to expand its operations from Cambodia to Bangladesh. The funding for ATEC* was secured with support from ATEC’s key partners, the Clean Cooking Alliance and Impact Investment Exchange (IIX). The investment was made by a consortium of investors led by ENGIE Rassembleurs d’Energies and including Fondation Ensemble, the IIX Growth Fund, and Phitrust Asia.

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Trailblazer in Impact Interview Series: Green Enterprises Indonesia

As part of our 10th Year Anniversary, our Trailblazers in Impact Interview Series celebrates some of the partners we’ve worked with over the years in creating positive social and environmental impact.

This issue of our Trailblazers in Impact Interview Series features Jane Dunlop, CEO and co-founder of farm-to-market virgin coconut oil producer Green Enterprises Indonesia (PT GEI) based in Aceh, Indonesia. Following IIX Growth Fund’s investment in PT GEI in 2018, which later brought together additional investors C4D Partners and Stichting Administratiekantoor Green Enterprise Nederland, PT GEI has continued to grow and scale its operations, improving the lives of over 4,300 smallholder farmers through increased income and improved agricultural practices. Today, they’re supplying to the global cosmetics company LUSH.
 
By creating a sustainable and organic value chain for coconuts, Green Enterprises Indonesia is providing sustainable livelihoods to address the on-going problem of land-conversion from increasing palm oil demand, as well as the loss of the island’s extensive biodiversity.
 
Green Enterprises Indonesia is a triple bottom line business model, and we are excited to continue working with them to create positive social change in the Indonesian agricultural community. Enjoy the read!

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3 Things Family Offices and DAFs Need to Know about Using Impact Investing for Women’s Economic Empowerment in Asia

In many countries across Asia, women and girls face persistent structural constraints that keep them trapped in subsistence living. These conditions reduce their resilience to economic and environmental downturns and become key barriers to economic development and increased political participation. The good news is that socially conscious investors, foundations, financial institutions and financial vehicles are looking to tackle this through impact investing.

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Why we need to bring women into the climate change equation

Climate change is the single greatest challenge of our generation. Today, more than 1.3 billion people live on failing agricultural land – where communities and individuals are faced with the risk of failed harvests, worsening hunger, poverty, and displacement.

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The highs and lows of creating the world’s first social stock exchange – Quartz

The world is coming around to social stock exchanges (SSEs).

In just the past few months, Scotland, Jamaica, and now India have thrown their hat in the ring to launch their own platforms, all with the hope of solving one of the greatest challenges to social capital markets: the need to connect capital to socially-minded organisations at scale.

In 2009, when I launched the world’s first SSE, the Impact Investment Exchange (IIX), in Singapore, I did so with the vision that it would become a beacon for impact investing—the symbol of a perfect financial system, where everyone could participate and have a voice.  READ MORE

Bangladesh to Develop 50 MW of Solar Power Projects – Mercom

A consortium of ib vogt and AG Agro Industries have won a contract to develop a 50 MW grid-tied solar project in the Chittagong district of Bangladesh.

The company is expected to enter into a power purchase agreement (PPA) with the Bangladesh Power Development Board (BPDP) for 20 years. The project will be developed on a build, own, and operate basis (BOO).

Further, BPDB is expected to procure the power at a tariff of $0.1094/kWh under the condition of ‘no electricity, no payment.’ READ MORE

2019 UN Global Climate Action Award goes to IIX’s Women’s Livelihood Bond(TM) Series

SEPTEMBER 26, 2019 – NEW YORK & SINGAPORE – Impact Investment Exchange (IIX), a global organization dedicated to building a more inclusive world through innovative finance and support for high-impact enterprises, has won the 2019 UN Global Climate Action Award for its Women’s Livelihood BondTM Series (WLB Series). The Award, given by the United Nations Climate Change Secretariat (UNFCCC) in the backdrop of the UN Secretary General’s Climate Summit in New York, recognizes the most innovative, scalable and replicable solutions across the globe that are tackling climate change alongside other Sustainable Development Goals (SDGs).

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A Celebration of Innovative Partnerships for Sustainable Development: The Women’s Livelihood Bond(tm) Series Named 2019 P4G State-of-the-Art Partnership of the Year

WASHINGTON – 23 SEPTEMBERP4G, the Partnering for Green Growth and Global Goals 2030 Initiative, selected The Women’s Livelihood BondTM Series, a partnership-driven project addressing SDG 2: Zero Hunger, as the 2019 P4G State-of-the-Art Partnership of the Year. The winner was announced at the P4G Awards Luncheon, hosted by SAP, on the sidelines of the UN Climate Action Summit today.

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The Free Market Must Account for Environmental and Social Impact – Stanford Social Innovation Review

“Many different organizations have pioneered the creation of new accounting metrics that undergird the IMP’s efforts. The Sustainability Accounting Standards Board (SASB) standards, the Global Reporting Initiative (GRI) standards, and B Lab’s B Impact Assessment, provide consensusbased sets of criteria that measure the environmental, social, and governance (ESG) policies and practices of companies big and small…

These advances, in turn, have informed the work of a broader ecosystem of actors. First, there are groups working to expand impact investing, such as the Global Steering Group for Impact Investment (GSG), the Global Impact Investing Network (GIIN), the Impact Investment Exchange (IIX), and Toniic. Second, there are efforts to ground social and environmental outcomes in context—whether for regional priorities to achieve the Sustainable Development Goals (United Nations Development Programme [UNDP]), for systems to facilitate corporate efforts to address these goals (World Benchmarking Alliance) …” READ MORE

There Are No Foreign Lands: Interview with Jeff Sheehan

 

We sat down with Jeffrey A. Sheehan for an interview about his new book There Are No Foreign Lands. Sheehan’s book takes the reader on a global tour to 21 countries in North America, South America, Europe, Africa, the Middle East, South Asia and East Asia to introduce the women and men he believes are the harbingers of a potential “Global Spring,” in which all members of the human race can find common ground to settle their differences and work together productively and peacefully.

Based on the acquaintances he made during a 30-year career as Associate Dean for International Relations at the Wharton School of the University of Pennsylvania, Sheehan presents profiles of 21 people from 21 countries. Our very own CEO and Founder, Durreen Shahnaz, is one of these 21 people that the book features, with a dedicated chapter talking about the work IIX has done and achieved through the decade of impact investing since it was first coined in 2008.

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Trailblazers in Impact Interview: Takeshi Kato, BWiz Capital

As part of our 10th Year Anniversary, our Trailblazers in Impact Interview Series celebrates some of the partners we’ve worked with over the years in creating positive social and environmental impact. In this edition, we speak with Founder and CEO of BWiz Capital, Takeshi Kato, who has been an Impact Partners investor since 2016.  BWiz Capital has since invested in high-impact enterprises through Impact Partners—namely Krakakoa, a woman-led bean-to-bar chocolate-maker in Indonesia and ERC Eye Care, an enterprise that delivers affordable and inclusive eye care to low-income persons in India.

In 2016, Takeshi Kato started BWiz Capital, an impact investing company based in Tokyo, which targets funding for impact enterprises that are innovating solutions to eradicate poverty and impacting underserved communities and is utilizing his experience in investment to make a case for impact investing in Japan.

Prior to BWiz Capital, Kato was Managing Director at Japan Industrial Partners, a private equity firm specializing in corporate buyouts. He was also CEO and Head of Investment Banking and Mergers & Acquisitions Advisory at Mizuho Securities India in Mumbai, along in corporate finance and asset management businesses in Tokyo and New York.

 

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Novel Bond Aims To Boost Livelihoods Of Women In South And Southeast Asia – Forbes

Low-income women in South and Southeast Asia face a series of seemingly insurmountable obstacles. Few have a formal bank account. Women farmers in Asia work  more hours per week in the field than men, but earn much less. With little or no access to electricity, they’re exposed to toxic fumes from kerosene lamps and stoves. The list goes on. 

Those are some of the problems IIX is trying to address with its Women’s Livelihood Bond (WLB). In 2017, the Singapore-based social impact finance pioneer introduced its first $8 million WLB, which pooled together a group of impact enterprises to issue a collective bond aimed at improving women’s economic opportunity. IIX’s proprietary impact assessments were used to measure the social impact and financial viability of the borrowers.  READ MORE

OPINION: How Asian investors are saving impact investing from its worst tendencies – Thomson Reuters Foundation

As both the world’s fastest growing population of super wealthy and the home of some of the most challenging social and environmental problems, Asia is emerging as an impact investing powerhouse.

Impact investing– investments intended to create positive social impact alongside financial return – has been growing fast in Asia Pacific.  But in order to appreciate the movement’s rise in Asia, we must move beyond the notion that the region must “catch up” to its western counterparts in purely quantitative terms.  READ MORE

IIX’s Women’s Livelihood BondTM Series Wins P4G State-of the-Art Partnerships Award for Innovative Approach to Advancing Sustainable Development Goals

AUGUST 28, 2019 – WASHINGTON DC & SINGAPORE– Impact Investment Exchange (IIX) – a global organization dedicated to building a more inclusive world through innovative finance and support for high-impact enterprises – has won the 2019 P4G State-of-the-Art Partnerships Award for advancing progress in Food Security and Sustainable Agriculture through its pioneering Women’s Livelihood BondTM Series (WLB Series).

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ATEC* raises funding to launch world’s first pay-as-you-go biodigester system to increase clean energy access for farmers

SINGAPORE AND AUSTRALIA, 15 August 2019 – ATEC* Biodigesters International (ATEC*) – a triple bottom line impact enterprise with pioneering biodigester technology — has raised debt financing from US-based impact investor Beneficial Returns to launch the world’s first PAYGO (pay-as-you-go) model for biodigesters. Singapore-based Impact Investment Exchange (IIX) facilitated the deal through its Impact Partners platform—Asia’s largest crowdfunding platform for impact investing.

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Woman-led Indonesian Impact Enterprise Krakakoa raises funding to improve social and environmental resilience through chocolate

SINGAPORE AND INDONESIA, 25 July 2019 – Indonesia-based impact enterprise (IE) Krakakoa—a woman-led bean-to-bar chocolate maker—has raised funding from Singapore-based investors IIX Growth Fund and LIC VC, as well as individual impact investor and co-founder of SYSTEMIQ Jeremy Oppenheim. Impact Investment Exchange (IIX) led the investment round. On track to break even by 2020, Krakakoa will use the funding to provide 1,000 smallholder farmers and 20 female factory workers with sustainable livelihoods, and avoid over 64,000 kg of chemicals through environmentally-friendly farming methods.

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Indonesian bean-to-bar choco maker Krakakoa raises funds from IIX, others – Tech In Asia

Krakakoa, a bean-to-bar chocolate maker based in Indonesia, has raised an undisclosed amount from Singapore’s Impact Investment Exchange (IIX) through its IIX Growth Fund (IGF) as it gears up for a series A round in 2020.

Ladies Investment Club VC and Jeremy Oppenheim, co-founder of advisory and investment company Systemiq, also participated in the fundraise, according to a statement.

Krakakoa aims to support Indonesian smallholder cocoa farmers by directly sourcing from them and offering them training programs. It also works with female factory workers to provide them with a stable livelihood.  READ MORE

How Japan Airlines Is Pushing For Gender Equality Within and Beyond Its Walls – Singapore Tatler

This Japanese carrier leads the charge in championing the cause by supporting events such as the She Is More Youth Art Competition in March

Japan Airlines (JAL), one of the country’s major flag carriers, showed its support for gender equality in society when it came in as a major partner of the She Is More Youth Art Competition. The inaugural competition, of which Singapore Tatler was an exclusive luxury media partner, was organised by IIX Foundation, the sister entity of global organisation Impact Investment Exchange (IIX)READ MORE

IIX and UN Women partner to unlock billions in capital for millions of underserved women

SINGAPORE AND NEW YORK, 10 July 2019 – UN Women—the UN organization dedicated to gender equality—has partnered with Impact Investment Exchange (IIX)—a global organization dedicated to changing financial systems and creating innovative solutions to women’s empowerment to mobilize large-scale capital to empower underserved women through innovative finance.

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Want to invest responsibly? A new breed of stock exchange aims to help – Reuters

LONDON/NEW DELHI (Thomson Reuters Foundation) – From renewable energy companies to social housing funds, investors around the world are increasingly drawn to organizations that offer social or environmental as well as financial returns.

Now, a new breed of market is springing up from Scotland to India to help them identify investment opportunities – and make it easier for organizations that seek to do good to raise funds.  READ MORE

Meet the Woman Who Started the First Stock Exchange in the World – HER World

Ms Durreen Shahnaz, who is the founder of Impact Investment Exchange and the first Bangladeshi woman on Wall Street, has a big dream to connect the under-served communities of the back streets to the Wall Streets of the world READ MORE

Courage, Optimism, Defiance: Impact Investment Exchange Founder Durreen Shahnaz Discusses her Journey of Empowerment – NextBillion

When she was growing up in Bangladesh, Durreen Shahnaz tended to rebel against tradition, preferring boys’ clothes to saris, and exploring the streets on her bike rather than staying indoors. Yet one thing she did not rebel against was the focus on charity that was central to her family’s Muslim faith. In the past three decades, she has been guided by her maverick spirit while staying true to her humanitarian values – a theme one can see clearly in her work. READ MORE

IIX awarded S$1.2M from Australian government to develop ecosystem for gender lens investing in Asia

SINGAPORE, 11 April 2019 – Impact Investment Exchange (IIX) – a global organization dedicated to building a more inclusive world through innovative finance and support for high-impact enterprises – has been awarded S$1.2M from the Australian Government’s Department of Foreign Affairs and Trade (DFAT) to develop the ecosystem for gender lens investing in Asia. With a decade of experience building the impact investing market and driving women’s empowerment across the world, IIX will leverage its ecosystem and gender-focused approach to support the growth of 500 impact enterprises across Asia.

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Inequality: Is Tech the Problem?

Technology advancements leave certain people behind.

The industrial revolution that took place in the 18th century and post-world war II is proof to this. Previously agrarian, rural societies in Europe and USA became industrial and urban. Steam engines, powered machinery, factories and mass production replaced skilled workers and artisans. Today, people argue platforms like Uber are generating new income opportunities, but a recent court ruling where Uber was fined $20m for misleading drivers with inflated wages reveals a darker secret.

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Trailblazers in Impact Interview Series: SOLshare (Bangladesh)

Bangladesh-based startup SOLshare developed the world’s first peer-to-peer solar energy trading platform, making clean energy affordable and accessible to off-grid households through a decentralized system of energy distribution. SOLshare was the IIX Growth Fund‘s first Bangladesh investment.

We sit down with Dr. Sebastian Groh, Managing Director and Co-founder of SOLshare, to talk about how this “Airbnb of Energy” is helping communities in rural Bangladesh move up the energy ladder.

 

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IIX’s Women’s Livelihood Bond™ Program (WLB2) gains support from Australian government; on track to launch Q2 2019

SINGAPORE, 6 March 2019 – IIX – a global organization dedicated to building a more inclusive world through innovative finance and support for impact enterprises – has announced partnering with the Australian Government’s Department of Foreign Affairs and Trade (DFAT) for the Women’s Livelihood BondTM Program (WLB2). The WLB2 is a US$100M bond series empowering one million underserved women in Asia with sustainable livelihoods. The WLB2 will be sold in three tranches. With the support from the Australian government, the first bond in the WLB2 series is on track to launch Q2 2019. Other partners include DBS Bank, Shearman & Sterling LLP, Latham & Watkins LLP, and Cyril Amarchand Mangaldas.

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Health Financing Innovation to Defeat Malaria in Asia Pacific

In less than a dozen of years, an Asian child in a remote, rural community will fall ill with fever following a mosquito bite. After having been diagnosed of malaria by a community health worker, he will be given effective treatment and make a full recovery. It will be the last case of malaria in Asia Pacific.

This is not a fantasy, but a tangible moment within our grasp.

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Innovating justice: needed & possible – Report of the Innovation Working Group of the Task Force on Justice

IIX’s Managing Director Robert Kraybill participated in the Innovation Working Group of the Task Force on Justice, which published the report “Innovating justice: needed & possible” on 6 February 2019. The Innovation Working Group was asked to review the evidence of unmet justice needs, explore the potential for innovation, explore the investment possibilities for promising innovation areas, provide parameters for enhancing innovation for SDG16.3, and to make recommendations on these matters to the Task Force on Justice. Read the report here.

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Impact Investment Exchange: Taking Wall Street to the backstreet – Wealth & Society

Managing Director Robert Kraybill discusses how IIX uses financial markets to directly and proactively benefit society.

Employing innovative financial instruments and a range of platforms to best ensure that capital invested has a social and environmental impact as well as a financial return is fundamental to Investment Impact Exchange’s (IIX) business model.

IIX’s Managing Director, Robert Kraybill, who has twenty years of finance and investment banking experience said that: “the 2008 Financial Crisis was a wakeup call to ask myself how can we use the tools of the traditional finance markets in a way that will directly and proactively benefit society.” Read more.

Trailblazers in Impact Interview Series: Marcel Neutel, C4D Partners

Marcel Neutel is the Managing Partner and Chief Investment Officer at Capital 4 Development (C4D) Partners. C4D has been a partner of IIX for over five years and recipient of the 2016 IIX Trailblazer Award. To date, C4D has made four investments in high-impact enterprises via Impact Partners.

We sat down with Marcel Neutel for an interview on his experience as an impact investor. See what he had to say:

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India-based solar energy firm Freyr Energy raises US$1.5M Series A on Impact Partners, the world’s largest crowdfunding platform for impact investing

SINGAPORE, 27 November 2018 – Freyr Energy (“Freyr”)—an India-based full-service solar solutions firm providing access to cleaner, safer, and cheaper energy—has closed a US$1.5M Series A round on Impact Partners—the world’s largest crowdfunding platform for impact investing. Operated by Singapore-based IIX, Impact Partners brought together a consortium of global investors including Netherlands-based C4D Partners and India-based angel investors. According to IIX’s impact assessment, funding will expand access to reliable and affordable solar energy to 2,275 households and 2,975 businesses, enable 675 off-grid rural villages to enjoy electricity for the first time through micro-grids, and avoid 167,270 metric tons of CO2 emissions by 2022.

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India: Solar startup Freyr Energy, SaaS firm Verloop raise funding – e27

Freyr Energy, an India-based full-service solar solutions firm providing access to cheap energy, has closed a US$1.5 million Series A round from Impact Partners, a crowdfunding platform for impact investing.

Operated by Singapore-based Impact Investment Exchange (IIX), Impact Partners brought together a consortium of global investors including Netherlands-based C4D Partners and India-based angel investors. According to IIX’s impact assessment, the funding will expand access to reliable and affordable solar energy to 2,275 households and 2,975 businesses, enable 675 off-grid rural villages to enjoy electricity for the first time through micro-grids, and avoid 167,270 metric tons of CO2 emissions by 2022. Read more.

Solar startup Freyr raises $1.5m via Singapore crowdfunding platform – Tech in Asia

Impact Partners is operated by Impact Investment Exchange (IIX), a Singapore-based organization that seeks to link investors with social and environmental projects.

Co-founder Saurabh Marda said Freyr will use the funds to “continue improving our technology platform, increase the strength of our sales and channel partner network, and support our marketing activities to fuel future growth.” Read more.

Strength in a Sari – The Business Times

Having built the world’s first social stock exchange, particularly to benefit and empower women, Durreen Shahnaz now wants to take impact investing from the margins to the mainstream. Growing up in the throes of the Bangladesh Liberation War had a profound impact on Durreen Shahnaz from an early age. The experience of watching her country struggle to get back on its feet in its early days of independence stirred up in the former investment banker and founder of the Impact Investment Exchange (IIX) a defiance never to yield to others’ notions of what she could or could not do. Read more.

Private Capital for Change – The Economist

Our world’s top scientists spend billions of dollars every year on space exploration, searching the universe for one thing: water, considered a necessity for life. Yet on Earth, our primary source of water — the ocean — is perhaps one of the most undervalued resources on the planet. Read more.

Women, Peace and Parity: Speech at Wharton San Francisco

The following speech was delivered by IIX Founder and CEO Professor Durreen Shahnaz on October 24th at Wharton San Francisco, for IIX and Knowledge@Wharton’s event “Women, Peace and Parity: Using Finance as a Tool For Progress.”

Ladies and Gentlemen, Welcome to Knowledge@Wharton and IIX’s joint event, ‘Women, Peace and Parity’. Thank you all for joining us today to celebrate the United Nations – so Happy United Nations Day. Today is a celebration of women — the Sustainable Development Goals #5 – Gender Equality, a celebration of Peace – SDG goal # 16, and a celebration of partnerships – SDG #17, because as we know, to undertake the mammoth task of creating a peaceful and equitable society – it takes women and it takes a village.

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How Women are Bringing Impact Investing to the Mainstream – Robb Report

Leaders like BlackRock CEO Larry Fink have taken notice. In his annual letter to CEOs this year, Fink wrote: “Society is demanding that companies, both public and private, serve a social purpose. To prosper over time, every company must not only deliver financial performance, but also show how it makes a positive contribution to society.” Some on Wall Street say that Fink’s message sets a tipping point for the whole investment industry. Read More.

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IIX Impact Snapshot, Q3 2018

Highlights from the Q3 Impact Snapshot:

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Singapore-based IIX Growth Fund Makes First Bangladesh Investment

SINGAPORE, 28 September 2018 – IIX – a global organization dedicated to building a more inclusive world through innovative finance and support for high-impact enterprises – announced their first Bangladesh investment from the IIX Growth Fund, into off-grid solar energy firm SOLshare. IIX brought together a consortium of investors including innogy New Ventures LLC (the venture capital investment arm of the German utility firm innogy SE), and Portuguese utility firm EDP, to close a US$1.66 million Series A round. Funding will be used to increase access to clean energy for over 19,000 rural households and 14,000 micro-entrepreneurs, and address climate change by avoiding over 2,200 metric tons of carbon emissions by 2021.

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DBS, partner target US$100m for women’s livelihood bond programme – The Business Times

Local lender DBS Bank has returned as official banking partner and sole placement agent for the second round of a debt security listing aimed at supporting women in Asia.

DBS and Singapore-based capital firm Impact Investment Exchange (IIX) will issue a series of bonds with a target of US$100 million under the newly launched Women’s Livelihood Bond scheme, they said in a media statement on Wednesday.

The scheme will fund and support South and South-east Asian enterprises tackling financial inclusion, clean energy access and sustainable agriculture, with the goal of benefiting one million vulnerable women.

Pricing details for the bonds, which will be released in several tranches, are not yet out. The plan is to list the issuances on a stock exchange and sell them to global investors. Read More.

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IIX and KOICA Commit to Accelerate High-Impact Enterprises in Asia – Myanmar Business Today

SINGAPORE —  IIX and KOICA will jointly contribute $1.2 million USD over five years to support 18 enterprises across South and Southeast Asia, with a goal of impacting the lives of 8 million people.

IIX is a global organization dedicated to building a more inclusive world through innovative finance and support for high-impact enterprises. The Singapore based company has partnered with the Korea International Cooperation Agency (KOICA) to accelerate early-stage enterprises with innovative social and environmental solutions for Sustainable Development Goals (SDGs).

Durreen Shahnaz, founder and CEO of IIX, said: “The success of our accelerator model draws on our deep understanding of the pain points facing impact enterprises and investors, and our ability to bridge those gaps with end-to-end expertise across the impact ecosystem.” Read More.

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IIX Study Demonstrates New Patient-Centered Model for Financing, Measuring and Driving Solutions to Women’s Health in the U.S.

SINGAPORE, 18 September 2018 – IIX – a global organization dedicated to building a more inclusive world through innovative finance – today announced the results of a study on gaps in women’s health services, financing, and outcome measurement in the United States. Focused on underserved women in California, Minnesota and New York, the study demonstrates a new patient-centered, inclusive model for financing, measuring and driving improved health outcomes, reducing long-term costs, and integrating patients’ voices into health care delivery.

 

The study was supported by the Medtronic Foundation, which is focused on expanding access to quality chronic disease care among underserved populations worldwide, as well as supporting health initiatives in communities where Medtronic employees live and give. IIX and Medtronic Foundation partnered to assess the potential for an innovative financial structure – the Women’s Health Bond – that unlocks new resources for underserved women and improves the rigor of health measurement, and to build a health outcomes assessment toolkit publicly available for any organization to use looking to improve its own performance.

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Singapore-based IIX and Korean Government Agency KOICA Commit US$1.2M to Accelerate High-Impact Enterprises in Asia with Innovative Solutions for Social Good

SINGAPORE, 4 September 2018 – IIX–a global organization dedicated to building a more inclusive world through innovative finance and support for high-impact enterprises–has partnered with the Korea International Cooperation Agency (KOICA) to accelerate early-stage enterprises with innovative social and environmental solutions to the Sustainable Development Goals (SDGs). IIX and KOICA will jointly contribute US$1.2 million over five years to support 18 enterprises across South and Southeast Asia, with the aim to impact the lives of 8 million people.

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Singapore’s IIX, South Korea’s KOICA to give innovative social and environmental solutions US$1.2m boost – The Business Times

SINGAPORE’S Impact Investment Exchange (IIX) has partnered the Korea International Cooperation Agency (KOICA) to support early-stage enterprises across South and South-east Asia that have innovative solutions to the United Nation’s 17 Sustainable Development Goals (SDGs).

IIX and the KOICA will jointly contribute US$1.2 million over five years to support these enterprises, with the aim of impacting the lives of eight million people. Read More.

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What’s the Big Risk?

Coming from a corporate fortune 500 setting, I will be the first to admit that I typically fall into the trap of looking at the same standard criteria when assessing the feasibility of a new social impact investment program [i]:  market need, market size, business model, financial model and strategic fit. Don’t get me wrong, a lot of effort and intelligence goes into developing each of the above.

However, after attending the IIX Impact Institute Executive Certificate Program: Financing the SDGs, I came to realize one large blind spot:  Risk.

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Innovative Finance for Sustainable Peace: Speech at 72nd UN General Assembly

The following speech was delivered at the 72nd United Nations General Assembly by IIX founder Durreen Shahnaz to launch the Innovative Finance for Sustainable Peace Initiative. The 5-year initiative leverages the power of financial markets to unlock $1 billion to drive forward sustainable peacebuilding efforts across the globe by creating systemic social-economic resilience.

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When Philanthropy Meets Innovative Finance: Opportunities for Foundations in Gender Lens Investing

Innovative finance is emerging as a powerful tool for harnessing private sector capital to advance gender equality and women’s empowerment but remains limited in its scale to date due to challenges inherent in innovation. Philanthropic actors can help overcome these barriers and play a catalytic role in enabling innovative finance to reach its true potential in creating gendered impact. Using three case studies of innovative financial mechanisms that are applying a gender lens across Asia, Impact Investment Exchange (IIX) illustrates how innovative finance can create gendered impact and how philanthropic actors can use their resources to support the development of such funding mechanisms.

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IIX Announces Start of Creating a Women’s Health Bond in the US

SINGAPORE , 23 April, 2018 –  IIX, a global leader in innovative finance, announces that it has received a grant to unlock new resources for women’s health and well-being in the United States through innovative finance. The first step is to conduct a feasibility study to create a Women’s Health Bond. The study will detect the gaps in services, financing, and health outcomes measurement through an evaluation of the women’s health landscape in the US and recognize strategic partnerships for outcome driven, inclusive and patient-centric health solutions.  This grant is funded by the Medtronic Foundation, which focuses on expanding access to quality chronic disease care among underserved populations worldwide, as well as supporting health initiatives in communities where Medtronic employees live and give.

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IIX Impact Snapshot, Q1 2018

Highlights from the Q1 Impact Snapshot:

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Asia emerges as a strong market for impact investing — Born2Invest

Asia is emerging as a big contributor to the global impact investing scene thanks mostly to its growing youth population.

“There’s appetite there, it’s just a question of how to tap that demand,” said Robert Kraybill. According to Financial Times, Kraybill, the Impact Investment Exchange managing director, is targeting a $100 million goal through a fundraising at the second Women’s Livelihood Bond, which will take place in the latter part of 2018.

The first Women’s Livelihood Bond occurred last year and saw one of Asia’s biggest banks, namely Singapore’s DBS, take a 60 percent purchase on the $8 million bonds offered. Read More.

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Young Asians pursue impact investing that makes profit at home — Financial Times

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Give us today our daily energy — New Indian Express

HYDERABAD: Lighting up lives may sound like a good tagline for an energy company, but Freyr Energy, a Hyderabad-headquartered full-service solar provider firm, decided to make it their largest project. One of the first large projects that the energy company took up was to set up more than 50 solar microgrids for rural tribal habitations in Andhra Pradesh. Microgrids power the entire village with sufficient battery backup for three days.

According to Impact Investment Exchange’s (IIX) Social Return on Investment Report for Freyr Energy, for every US$1 raised, US$4.62 of impact is created by the organisation.

Power translates into:
5,000+ students have access to better quality education infrastructure
10,000+ tribals/villagers have access to electricity
17,000 people in Ghana have better healthcare infrastructure
2,000+ people have reliable access to drinking water supply Read More.

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India: Karma Primary Healthcare raises funds from 1Crowd, others — Deal Street Asia

Rajasthan-based healthcare provider Karma Primary Healthcare Services has raised an undisclosed amount of funding in a round led by early-stage investor and equity crowd-funding platform 1Crowd.

The round also saw participation from the company’s existing investors Ankur Capital, Beyond Capital Fund and Ennovent.

The company also received support from organisations such as the Tata Trusts, UBS Optimus Foundation and WISH Foundation, according to a statement by Impact Investment Exchange (IIX), which facilitated the investment. Read More.

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IIX Announces its 17th Deal in India, Supporting Karma Healthcare

SINGAPORE, 2 February, 2018 – Impact Investment Exchange (IIX) announces the closing of its 17th deal in India with a successful funding round completed for India-based Karma Primary Healthcare Services Private Limited (Karma). Karma aims to provide affordable, equitable and reliable healthcare services to the underserved rural population in India through a hub-and-spoke model which connects remote communities to doctors via real-time online video consultations. The round was led by 1Crowd alongside existing investors Ankur Capital, Beyond Capital Fund and Ennovent. The company also received support from marquee organizations such as the Tata Trusts, UBS Optimus Foundation and WISH Foundation.

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IIX Growth Fund Closes its First Investment, Backing PT Green Enterprises Indonesia

SINGAPORE, 24 January, 2018 – In line with its mission of empowering women, developing communities and helping the planet, the IIX Growth Fund (IGF) has made its first investment which will support PT Green Enterprises Indonesia (GEI), a producer of high-quality organic cold-pressed virgin coconut oil and other organic coconut products based on Simeulue Island, Aceh Province, Indonesia. In operation since 2016, GEI sustainably sources coconuts from smallholder farmer groups, providing economic opportunity to local farmers and their families while actively promoting environmental and wildlife protection. IGF’s US$475,000 equity investment, to be provided in two tranches, will allow GEI to expand the scale of its operations, improve the lives of over 4,300 people and conserve the forest and marine environment.

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Inclusive growth in focus at Davos, a new fund for African tech, private finance and the Global Goals — Impact Alpha

ERC Eye Care secures $1 million for affordable care. ERC offers affordable eye care to low-income patients in Northeast India through hospitals in Assam. India faces a shortage of eyecare specialists, making access to care difficult, particularly for rural and low-income patients. ERC has two clinics in Assam where patients can see specialists and get glasses for less than $1 and cataract surgery for less than $20. (Half of the world’s cases of blindness are caused by untreated cataracts.) The $1 million ERC has raised will be used to build two new clinics and extend care into villages through mobile health vans. Ankur Capital and Ennovent led the round with funding from several other investors arranged by Impact Investment Exchange (IIX) Read More.

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IIX Supports India-based ERC Eye Care in Securing US$1 Million Investment

SINGAPORE, 17 January, 2018 – ERC Eye Care (ERC), an impact enterprise that delivers accessible, affordable and inclusive eye care to low-income persons in Northeast India, has raised a US$1 million pre-Series A round. A consortium of five investors was brought together by Impact Investment Exchange (IIX), led by existing investors Ankur Capital and Ennovent. Amongst the round’s investors was a strategic investment from the North East Development Finance Initiative (NEDFi), a Government of India initiative making its first impact-focused investment. Two international investors from Japan and Europe also participated in the consortium. IIX worked with ERC this year through its award-winning IIX ACTS accelerator program that provided investment-readiness, impact assessment and capital raise services to the company.

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IIX Annual Report 2017

 

 

Highlights from the 2017 Annual Report:

  • IIX launched the first-of-its-kind Women’s Livelihood Bond (WLB)™ on the Singapore Exchange
  • Impact Partners, IIX’s investment crowdfunding platform, closed its 40th deal, raising a total of $28 million
  • The award-winning IIX ACTS accelerator program supported by USAID completed its first round, delivering over $7 million of investment capital to 16 high-impact enterprises in Asia

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Asia’s ‘impact investors’ favor social investment over charity — Nikkei

SINGAPORE — In 2016, veteran Japanese investment banker and private equity investor Takeshi Kato embarked on a new chapter of his life. Deeply moved by the poverty and social issues he saw while working in India, Kato began investing in social enterprises through BWiz Capital, a small Tokyo-based investment company he set up with some financial help from friends.

The company’s portfolio ranges from OneBreath, a U.S.-based startup that provides affordable medical ventilators to hospitals in India, to Indonesia-based Krakakoa, which helps cocoa farmers seeking to produce beans for artisanal chocolate. Read More.

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IIX and Korea Social Investment Foundation Join Forces to Advance Impact Investing in Asia

(From Left to Right: Robert Kraybill, Managing Director of IIX; Jongick Lee, CEO of KSIF)

SINGAPORE, 16 November, 2017—Impact Investment Exchange (IIX) and the Korea Social Investment Foundation (KSIF, Impact Factory) signed a memorandum of understanding (MOU) in the Republic of Korea on November 10th to advance impact investing in Asia and the Pacific. KSIF, a pioneer of impact finance in Korea, and IIX, a leader of impact investing, will leverage their combined networks and expertise to magnify social and environmental impact for sustainable development and empower marginalized people across the region.

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IIX Impact Snapshot, October 2017

Highlights from the October Impact Snapshot:

  • “IIX ACTS participant SolarHome, a Singapore-based clean energy enterprise, has closed a pre-Series A round…”
  • “Investors from IIX’s Impact Partners platform who invested in India-based enterprise Kinara Capital achieved an exit this month…”
  • “IIX completes a successful three-year run of its award-winning IIX ACTS program with support from USAID, impacting over 4.4 million…”

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Kinara Capital raises $14.5 mn in Series C funding — Business Standard

Kinara Capital, which lends to micro, small and medium enterprises (MSMEs) without collateral, has raised $14.5 million in from multiple investors including existing ones, and Patamar Capital, and new investors and 

This round has also provided exits to Ltd and investors of IIX’s Impact Partners platform. The fresh round of funding will be deployed to expand the product portfolio in existing and new geographies in India and increase investment in technology to improve efficiency in field operations. Read More.

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SolarHome Attracts First Debt Funding with the Support of IIX — Markets Insider

SolarHome, the pioneer in Pay-As-You-Go (“PAYG”) Solar for off-grid households in Southeast Asia, secured its first debt funding. The new financing comes on the heels of the pre-Series A equity funding round that the company recently closed. Impact Investment Exchange (IIX), a global leader in impact investing, played a pivotal role in the securing of this financing by providing the company with impact assessment and technical assistance services as well as connecting SolarHome with its debt-provider Kiva, an online lending platform connecting lenders to entrepreneurs. This support was provided as part of the award-winning IIX Acceleration for Capacity-building and Technical Services (IIX ACTS) program in partnership with USAID. Read More.

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How the World’s First Social Sustainability Bond is Connecting Back Streets to Wall Street — Next Billion

Impact investing is more than an emerging asset class. In a world where business models and financial equations often perpetuate inequality, impact investing is an opportunity for systemic change. If approached pragmatically and innovatively, it can transform our traditional financial system into one that offers economic opportunity to even the most remote and underserved populations. As impact investing gains traction and becomes one of the most rapidly-growing fields of investment, it is crucial to harness its power to promote equity and inclusion in financial markets. Read More.

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IIX, PTI Australia ink impact investing agreement for women-focused enterprises — Deal Street Asia

Impact Investment Exchange (IIX), and Pacific Trade Invest Australia (PTI Australia) signed a letter of engagement to catalyze growth of the impact investing market across the Pacific Islands targeting mostly women-focused enterprises. PTI Australia is Australia’s Department of Foreign Affairs and Trade (DFAT)-funded Pacific Island agency that creates jobs in the Pacific Islands by facilitating trade and attracting impact investment into the region. IIX noted it will begin to effectively build the market for impact investing beginning in aquaculture and agriculture sectors with plans to expand the ecosystem deeply across 16 pacific island countries and the surrounding oceans. Read More.

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IIX Catalyzes Impact Investing in the Pacific with Pacific Trade Invest Australia

SINGAPORE, 2 October, 2017IIX announces the signing of a letter of engagement with Pacific Trade Invest Australia (PTI Australia), the lead trade and investment promotion agency in the region, to catalyze growth of the impact investing market across the Pacific Islands. Drawing on PTI Australia’s extensive network in the region, IIX will begin to effectively build the market for impact investing beginning in aquaculture and agriculture sectors with plans to expand the ecosystem deeply across sixteen pacific island countries and the surrounding oceans. This understanding between IIX and PTI Australia aims to drive economic growth in the region while highlighting the potential of women-focused enterprises in the agriculture, ecotourism and fisheries industries.

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Beyond India: The Next Frontier for Impact Investing in Asia

The recent McKinsey & Company report ‘Impact Investing Finds its Place in India’ is an interesting read with some valid insights on impact investing in India. However, having been in the impact investing space in India for more than a decade, I have witnessed the pendulum of impact investing swinging away from India towards other high-potential countries of South and South East Asia and believe it is time to zoom into the new frontier markets which have proven strong economic growth with high impact potential.

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Shearman & Sterling and Hogan Lovells receive the 2017 IIX Trailblazer Award for their Commitment to Impact Investing

SINGAPORE, August 25th, 2017 – Law firms, Shearman & Sterling and Hogan Lovells, received the 2017 IIX Trailblazer Award at the 2nd annual Impact Investment Trailblazer Showcase for their commitment to redefine finance and generate social impact in the global community.

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IIX works with ATEC Biodigesters to raise Series-A investment, bringing Australian and French investors together into the Impact Investment market in Asia

August 18th, 2017 — ATEC Biodigesters (ATEC), an Australian-Cambodian Social Enterprise has raised US$700,000 in a Series-A equity round to expand its operations in Cambodia as well as to explore other international opportunities in the household waste-to-energy market. The investment was made by a consortium of investors, led by Small Giants (Australia) and consisting of Fondation Ensemble (France), ENGIE Rassembleurs d’Energies (France) and one other private Australian investor. The investment round has then been matched with a further €250,000 in results-based-financing by EEP Mekong, a Government of Finland initiative.

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IIX’s Women’s Livelihood Bond™ Officially Listed on the Singapore Exchange

SINGAPORE— August 16th, 2017—The Women’s Livelihood Bond (WLB)™, structured by Impact Investment Exchange (IIX), has become listed and quoted on the Bonds Market of the Singapore Exchange (SGX) as of 9:00am today, making it the first listed bond in the impact investing space with a dual focus on financial returns and social impact. The US$8 million debt security will impact over 385,000 women in Cambodia, Vietnam, and the Philippines through enhanced access to credit, market linkages, and affordable goods and services that will build women’s resilience to socio-economic shocks and stresses.

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USAID allocates aid for Asean women — Manila Standard

The United States Agency for International Development is set to allocate $8-million Livelihood Bond for estimated 385,000 women in Southeast Asia, particularly the Philippines, Cambodia and Vietnam.

In a statement on Thursday, the US Embassy in Manila said that the bond, which was structured by the Singapore-based Impact Investment Exchange is expected to be listed on the Singaporean Exchange this month and will be the first social sustainability bond with a dual focus on social and financial returns, to be listed on a major stock exchange. “USAID is pleased to support the Women’s Livelihood Bond with this loan guarantee,” USAID’s Regional Development Mission for Asia in Bangkok deputy mission director Todd Sorenson said. “The bond will benefit women living in Association of Southeast Asian Nations states, particularly Cambodia, Vietnam, and the Philippines.” Read More.

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USAID’s $8M livelihood bond to aid 385,000 women in Southeast Asia — Inquirer

The United States Agency for International Development (USAID) is set to provide a four-year, $8 million worth of Women’s Livelihood Bond (WLB) for around 385,000 women in Southeast Asia.

The bond would give access to credit, market linkages, and affordable goods and services for low-income women particularly in Cambodia, Vietnam and the Philippines, the USAID said in a statement on Thursday. Read More.

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Livelihood bond to help women — Khmer Times

Cambodian women are among over half a million Southeast Asian women who will be able to access credit from the $8 million Women’s Livelihood Bond, guaranteed by the US Agency for International Development (USAID) in partnership with Australia’s Department of Foreign Affairs and Trade (DFAT), to improve their livelihoods.

According to a USAID press release yesterday, funds from the Women’s Livelihood Bond would be made available to a group of microfinance institutions and social enterprises in Cambodia to help low-income women transition from subsistence livelihoods and “build their resilience to socio-economic stress”. Read More.

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How One Woman Is Raising Money For 385,000 Women Entrepreneurs — Forbes

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.

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Impact Investing — The Economic Times

Impact investing refers to investments that are done with the intention of creating social and environmental good. It means that at the core of it, you need to have that social change and environmental change in a positive way, to happen with that investment.

So, just like any other market, you need the supply side of the capital. You need the demand side of the capital. You need platforms for them to come together. And you need structures to come together… Read More.

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Bond to funnel benefits to women — Phnom Penh Post

An $8 million bond set to debut on Singapore’s stock exchange will mobilise private capital to support social enterprises and microfinance institutions (MFIs) in Cambodia, Vietnam and the Philippines, providing nearly half a million women in these countries with more access to credit in order to improve their livelihoods.

The Women’s Livelihood Bond (WLB), billed as the first-ever social sustainability bond, was developed by Impact Investment Exchange (IIX), a Singapore-based organisation that works toward increasing the access to capital for social enterprises in Asia. Read More. 

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Gender-Lens Investing: Putting Women at the Forefront of the Sustainable Development

Despite traction in gendered approaches to investment, women still represent an underutilized force for sustainable development and remain underserved in terms of access to capital, market linkages, and resources needed to improve their economic position. Closing the gender gap is not only a social imperative but also a key ingredient in fueling economic growth.

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Freyr Energy: Providing Solar Power to Villages in India

After four hours of bumpy drive into the hilly areas near Visakhapatnam, India, we reached our destination – an isolated village which was inaccessible by road until two years ago, and remains disconnected to grid power. Yet, utility poles with LED street lights, together with a solar system, are prominently placed across the village of 12 families. We were warmly invited by the village chief to visit his house. Surrounded by a group of villagers, he switched on the television and started describing the changes this solar energy system brought to the village.

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IIX Impact Chats Return with a Discussion of ‘Business for Inclusion’

Inclusion is a topic central to the Sustainable Development Goals (SDGs) of the UN’s 2030 Agenda for Sustainable Development. In order to achieve the ambitious targets, it is essential for all people to become agents of change and contribute towards building a larger included society. Businesses, in particular, are crucial in creating innovative market-driven approaches that catalyze progress towards a future where no one is left behind.

IIX and the impact investing movement believes in creating a more inclusive world where financial systems, economic opportunities, and social good act as catalysts across geographies. To foster progress on this front and continue to be a thought leader, IIX has brought back its community-wide Impact Chat Series and congratulates its second cohort of international students from the IIX Impact Institute who recently completed their Executive Certificate Program.

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Women’s Livelihood Bond™: Unlocking Private Sector Capital for Social Good

IIX is excited to announce the closing of the $8 million Women’s Livelihood Bond (WLB)™ that will impact the lives of over 385,000 women across Southeast Asia. This innovative bond is the world’s first impact investing instrument with a dual focus on social and financial returns to be listed on a stock exchange. 

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IIX and DBS Unite To List S$11 Million Women’s Livelihood Bond on SGX – BLLNR

Singapore-based impact enterprise Impact Investment Exchange (IIX) with the support of DBS Bank has priced a US$8 million (S$11 million) bond to positively influence the lives of more than 385,000 women in Southeast Asia, specifically in Cambodia, the Philippines and Vietnam. As the world’s first social sustainability bond to be listed on stock exchange, the four-year Women’s Livelihood Bond (WLB) holds a coupon rate of 5.65% per annum. Read More.

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And the GSG Honors go to… A year of growth in impact investing — ImpactAlpha

Winners draw our attention, which is why awards and contests and prizes have proliferated madly in our attention-challenged world.

And so, this week’s awards at the “GSG Impact Summit” in Chicago will draw attention to winners of the first GSG Honors among the growing number of players in the emerging industry of impact investing.

But pay attention as well to the second part of the GSG Honors for Entrepreneur, Asset Owner, Asset Manager and Market-Builders … of the Year. That second part — “of the Year” — signals the remarkable acceleration in impact investing even in the last 12 months. Read More. 

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DBS, IIX to list women’s livelihood bond on SGX – Singapore Business Review

It has received over 60% of investment capital from Asian investors. DBS Bank and IIX closed the world’s first social sustainability bond to be listed on SGX within a month, the Women’s Livelihood Bond (WLB). The US$8m ($11.1m) bond provides loans to social enterprises and microfinance institutions and expected to impact the livelihoods of more than 385,000 women in Cambodia, the Philippines, and Vietnam. It has received over 60% of investment capital from Asian investors. Read More.

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Singapore-based IIX’s $8m bond to help women in Southeast Asia – The Daily Star

The Impact Investment Exchange (IIX), a Singapore-based impact enterprise, has closed the world’s first social sustainability bond expected to be listed on the Singapore Exchange. The $8 million Women’s Livelihood Bond is the first in a series of IIX social sustainability bonds. The bond is projected to empower over 385,000 women across Southeast Asia through increased credit access, market linkages, and affordable goods and services, IIX said in a statement yesterday. Read More.

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World’s first listed social bond draws private banking clients – The Business Times

SINGAPORE’S budding market for social and sustainability bonds took another step forward on Thursday with an US$8 million issuance of 5.65 per cent four-year Women’s Livelihood Bonds by Impact Investment Exchange (IIX) to be listed on the Singapore Exchange (SGX). This is believed to be the world’s first social sustainability bond listed on a stock exchange, with robust take-up among private banking clients. Read More.

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Social sustainability bond to debut on SGX – The Straits Times

SINGAPORE – A new bond to debut on the Singapore Exchange, called the Women’s Livelihood Bond, said to be the world’s first social sustainability bond to be listed on a stock exchange. The US$8 million bond provides loans to social enterprises and microfinance institutions, which, in turn, aim to help more than 385,000 women in Cambodia, the Philippines and Vietnam. Singapore-based firm Impact Investment Exchange (IIX), which is dedicated to social enterprises and impact investing, worked with DBS Bank on this. Read More.

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Women’s livelihood bond, Lok Capital’s exits, economically targeted pension fund investments, the coming genetic divide – Impact Alpha

IIX raises $8 million with Women’s Livelihood Bond on Singapore Exchange. The bond offered by the Impact Investment Exchange is expected to help 385,000 women in Cambodia, Vietnam, Philippines and other southeast Asian countries transition from subsistence to sustainable livelihoods. It will provide credit and loans to microfinance institutions and women-oriented impact enterprises. Read More.

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Landmark Women’s Livelihood Bond Fully Funded – Pro Bono Australia

The Impact Investment Exchange (IIX) has successfully closed a landmark $8 million Women’s Livelihood Bond (WLB) that is expected to impact the lives of more than 385,000 women across Southeast Asia. The bond is described as the world’s first impact investing instrument with a dual focus on social and financial returns to be listed on a stock exchange. Read More.

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IIX, DBS price new US$8m social sustainability bond to be listed on SGX – The Business Times

SINGAPORE’S DBS Bank and Singapore-based impact investing platform Impact Investment Exchange (IIX) have priced a US$8 million bond aimed at improving livelihoods of more than 385,000 women in South-east Asia. Termed the Women’s Livelihood Bond (WLB), this four-year bond offers a coupon rate of 5.65 per cent per annum, and is expected to be listed on the Singapore Exchange within a month, said DBS in a release on Thursday. If successful, the listing will make it the first such bond to be listed on a traditional stock exchange. Read More.

The Different Ways of Doing Good – The Business Times

WHEN it comes to doing good and corporate social responsibility (CSR), it seems that there is often a mistaken notion that it is something only large multi-national corporations can afford. For a start, it is not about spending vast resources – be it princely sums of money or hundreds of hours of manpower. While these are certainly various means of contributing to society, there are many other innovative ways that small and medium-sized enterprises (SMEs) and startups can make a difference. The SME Magazine takes a look at what businesses in Singapore are doing to make a social impact despite of challenges they face. Read More.

 

 

IIX Closes US$8 Million Women’s Livelihood Bond™—the World’s First Listed Social Sustainability Bond

July 6, 2017— SINGAPORE— IIX (Impact Investment Exchange), a pioneer in impact investing and catalyst to social innovation, has closed the world’s first social sustainability bond to be listed on a stock exchange, the Women’s Livelihood Bond (WLB)™. This innovative US$8 million bond is the first in a series of IIX Social Sustainability Bonds™ and is projected to empower over 385,000 women across Southeast Asia through increased credit access, market linkages, and affordable goods and services.

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IIX, with support of DBS, to list S$11 million Women’s Livelihood Bond on SGX – Today

SINGAPORE – In a global first, Impact Investment Exchange (IIX), with the support of DBS Bank, is listing on the Singapore Exchange a US$8 million (S$11 million) Women’s Livelihood Bond (WLB) that seeks to improve the lives of more than 385,000 women in Cambodia, the Philippines and Vietnam. Read More.

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IIX closes $8m Women’s Livelihood Bond for SEA, to seek listing on SGX – Deal Street Asia

Impact Investment Exchange (IIX) has closed its $8 million Women’s Livelihood Bond (WLB), a debt security designed to impact the lives of over 385,000 women across Southeast Asia. IIX also announced on Wednesday (July 5), its plan to list the bonds on the Singapore Exchange (SGX). A total of 5.65 per cent of WLB are due  on 2021. Read more.

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A Question of Scale for Off-grid Energy Access

The Northern state of Uttar Pradesh was described as dazzling cities surrounded by an inky black sea, in an Economist article titled “Out of the Gloom” in 2013. The vast gap of access to energy in India is symptomatic of the gap between these islands of prosperity amongst seas of paucity (Dreze and Sen, 2013), where conservative estimates suggest that 300 million people do not have access to reliable energy. The Government, at both the Central and State level, is trying to bridge this gap. During the presentation of the annual budget for 2017, the Indian Government has promised complete electrification by 1st May 2018, allocating over 48 billion rupees, or approximately US$ 750 million, towards electrifying rural villages in India.

In contrast to Government-led intervention, in the densely populated states of Uttar Pradesh and Bihar, a number of ‘Impact Enterprises’ have used market-based solutions to bridge the gap for the ‘Base of the Pyramid’ (BoP) through renewable energy. They range from those that provide lighting products, including Solar Home Systems, to small-scale Direct Current (DC) pico-grids to larger Alternating Current (AC) mini-grids. Each solution is relevant to a different aspect of the energy access ladder.

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IIX Raises US$2.5 Million for Indian Off-Grid Solar Company

SINGAPORE—June 2, 2017— Mera Gao Power, an off-grid solar energy enterprise based in Uttar Pradesh, India, has raised US$2.5 million in equity funding from the Insitor Impact Fund (Insitor), the ENGIE Rassembleurs d’Energies Initiative (ENGIE) and the Electrification Financing Initiative (ElectriFI), with the support of Impact Investment Exchange (IIX). The funding will be used by Mera Gao Power (MGP) to expand into over 5,000 additional rural off-grid villages across Uttar Pradesh, providing over 50,000 households with access to reliable energy for the first time.

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Are you #Businessworthy?

The annual Business for Peace Summit brings together leaders from around the globe across business, society and politics, to advance their vision: business leaders must be “businessworthy,” i.e. they must work in an ethical and responsible way to create value for both business and society.  This May, IIX’s founder, Prof Durreen Shahnaz, was invited to receive the prestigious 2017 Oslo Business for Peace Award.

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Hong Kong-based Pacific Baby raises debt-based investment from IIX’s Impact Partners

SINGAPORE – April 20, 2017 – IIX (Impact Investment Exchange) has facilitated an investment to Hong Kong-based Pacific Baby through its Impact Partners platform. The investment represents Impact Partners’ first debt-based deal.

The debt-based investment from a group of angel investors will enable Pacific Baby to expand its business to meet consumer demand and further contribute to children’s health and the environment.

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Founder of impact-investing platform in Singapore bags award – The Business Times

Durreen Shahnaz wins for her work with the world’s first stock exchange dedicated to social enterprises

THE founder of a Singapore-based impact investing platform has clinched an Oslo Business for Peace Award, alongside Tesla founder Elon Musk and two others.

Durreen Shahnaz won for her work with Impact Investment Exchange (IIX), dubbed the world’s first stock exchange dedicated to social enterprises. It was founded in 2009, and has “positively impacted” some 10 million lives, according to the award’s committee. Read More.

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2017 Business for Peace Award winners named – International Chamber of Commerce

ICC Secretary General John Danilovich joins Governing Mayor of Oslo Raymond Johansen in the Norwegian capital today to announce the four winners of the 2017 Business for Peace Awards.

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Shahnaz wins Business for Peace award – The Daily Star

Durreen Shahnaz, a Bangladeshi and founder of Singapore-based impact enterprise Impact Investment Exchange (IIX) and IIX Foundation, has been selected as a 2017 Business for Peace Award honoree for her commitment to promoting an evolved form of capitalism that values both financial returns and positive social and environmental impact.

Durreen is the third Bangladeshi to receive the award after Latifur Rahman, chairman and CEO of Transcom Group in 2012, and Selima Ahmad, vice chairperson of Nitol-Niloy Group in 2014.

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Dr. Harley Seyedin and Elon Musk among Four Selected by the Committee of Nobel Laureates in Peace and Economics as Winners of the 2017 Oslo Business for Peace Award – Yahoo Finance

Today John Danilovich, Secretary General of International Chamber of Commerce (ICC), announced the winners of 2017 Oslo Business for Peace Award at an event at the Oslo City Hall, hosted by Governing Mayor of Oslo Raymond Johansen. Dr. Harley Seyedin (President of American Chamber of Commerce in South China), Elon Musk, Durreen Shahnaz and Murad Al-Katib are the four winners of this award. The selection was made by an independent committee of Nobel Prize winners in Peace and Economics in closed-door meetings for the Oslo Business for Peace Foundation. Read More

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Durreen Shahnaz Honored by the ‘Nobel Prize for Business’ for Creating a Social Capital Market

Singapore — March 28th, 2017 — Durreen Shahnaz, Founder of Singapore-based Impact Enterprise IIX (Impact Investment Exchange) and the IIX Foundation, was selected as a 2017 Business for Peace Award Honoree for her commitment to promoting an evolved form of capitalism that values both financial returns and positive social and environmental impact. IIX, through its work over the last eight years, has effectively created a social capital market in Asia, connecting investment to development and unlocking millions of dollars for high-impact enterprises, resulting in impacting over eight million lives.

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Asian impact investing firm IIX unveils a new look and goes global

SINGAPORE – FEBRUARY 8, 2017 – Singapore-based firm, Impact Investment Exchange (IIX), celebrates 8 years of pioneering and growing the impact investing space through innovative finance by unveiling a new global identity with a revised logo and a new web presence at www.iixglobal.com. IIX’s sister organization, Shujog, will continue its groundbreaking work as the IIX Foundation and follow the main operating unit in its global expansion.

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IIX, Shujog Acts and USAID Partner to Present the Inaugural Impact Investment Trailblazer Showcase

09 December 2016, Singapore — On December 8th, the inaugural Impact Investment Trailblazer Showcase, hosted by the Impact Investment Exchange (IIX) and the Shujog ACTS program with support from United States Agency for International Development (USAID), brought together over 100 key players in the impact investment ecosystem from across the globe to reflect on the progress of impact investing and celebrate the innovative leaders within the space.

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ICCO Investments Awarded the First-Ever IIX Trailblazer Award for Their Commitment to Impact Investing

09 December 2016, Singapore — ICCO Investments, an investment initiative of the Netherlands-based ICCO Cooperation, received the first-ever IIX Trailblazer Award at the inaugural Impact Investment Trailblazer Showcase for their commitment to redefining finance and generating social impact in the global community.

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Durreen Shahnaz Honored by Asia Game Changer Award for Pioneering Work in Impact Investing

27 October 2016, New York – Durreen Shahnaz, a Bangladeshi-American entrepreneur and founder of Impact Investment Exchange (IIX) and Shujog, received the Asia Game Changer Award for her pioneering work in changing the game for millions through impact investing.

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Durreen Shahnaz – Asia Society

As a young girl in Dhaka, Bangladesh, Durreen Shahnaz would watch as the men in her family left home to go pray at the mosque. The women often stayed behind to feed beggars outside their home. “We didn’t have much,” Shahnaz remembers. “It was a post-war nation ravished with famine, but we all had to do our part. It was important for us not just give something to others but also to help them stand on their feet.”

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Asia Society Announces 2016 Asia Game Changers

Asia Society today announced the 2016 Asia Game Changers, recognizing those making a transformative and positive difference for the future of Asia and the world.

This year’s nine honorees include a doctor who has restored sight to thousands of patients, a young activist who is bringing education to her fellow Syrian refugees, a pioneer in social impact investment in Asia, and two musicians who are using art to heal their war-torn nations. Iconic architect I.M. Pei, a mentor to scores of American and Chinese architects alike, will receive the first Asia Game Changer Lifetime Achievement Award. Read More

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Harnessing the Power of Conscious Capitalism

Impact Exchange, the world’s first social stock exchange, launched by Impact Investment Exchange Asia (IIX), is poised to introduce its first instrument — the Women’s Livelihood Bond — which is set to raise US$20 million from a pool of underlying issuers. IIX founder and chairman Durreen Shahnaz talks about this instrument and the other investment platforms the company has come up with for the social good.

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IIX, Shujog and KKR Partner with Banyan Nation to Increase the Sustainability of Indian Recycling

HYDERABAD & SINGAPORE – Impact Investment Exchange (IIX), Shujog, and global investment firm KKR assisted Banyan Nation (“Banyan”) in raising US$800,000 in their first fund raise. This will enable Banyan to scale a business solution which mitigates inefficiencies in India’s waste recycling value chain through the use of technology and sustainable business practices to formalize recycling processes.

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PHL’s social enterprise, 5 others in Asia feted for ‘brewing ‘peace’ – Business Mirror

EVEN small-scale businesses can make a big different in society as shown in the recent success of six winning enterprises across Asia, including the Philippines, feted in the inaugural IIX-N-Peace Innovation Challenge 2015. Read More

Winning Impact Enterprises of IIX-N-Peace Innovation Challenge celebrated for building peace across Asia

22 October 2015 –The inaugural IIX-N-Peace Innovation Challenge has concluded with six winning Impact Enterprises across Asia, celebrated for building peace through innovative businesses in Afghanistan, Indonesia, Myanmar, Nepal, Pakistan and the Philippines.

The six winning enterprises demonstrate a wide range of positive social impact, from generating sustainable livelihoods and fair-trade agriculture, to leveraging mobile technology that delivers access to basic healthcare and renewable energy, amongst other ripple benefits to the communities. By achieving these positive social returns, they have shown that business, innovation and technology are critical aspects in building peace and sustainable development.

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4 tips for taking your social enterprise to the next level – DevexImpact

Innovative solutions to social challenges can come from anywhere, and no longer from just traditional actors, such as governments, nongovernmental organizations or development agencies. Read More

The IIX-N-Peace Innovation Challenge calls for enterprises to build peace through business and social impact

UNDP, N-Peace Network and Impact Investment Exchange Asia (IIX) launched the first IIX-N-Peace Innovation Challenge in Afghanistan, Indonesia, Myanmar, Nepal, Pakistan and the Philippines
27 August 2015 – The IIX-N-Peace Innovation Challenge 2015 is now open for applications to encourage Impact Enterprises (IEs) to show how they are building peace through market-based solutions for development challenges. Six IEs will win the Challenge and get a chance to showcase their work at a special UNDP-hosted event in New York.

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4 local social enterprises seek to raise P37.8 million for growth – BusinessMirror

FOUR winning Philippine-based social enterprises (SEs) would be needing a total capital infusion of P37.8 million to pursue their growth plan in the coming years. Read More

IIX’s first Impact Accelerator in the Philippines concludes with Impact Showcase – Eco-Business

The Impact Accelerator™ program in the Philippines, operated by Impact Investment Exchange Asia (IIX), concludes this week with an Impact Showcase of four winning Social Enterprises (SEs). Read More

IIX’s first Impact Accelerator in the Philippines concludes with Impact Showcase

Manila, 25 August 2015 – The Impact Accelerator™ program in the Philippines, operated by Impact Investment Exchange Asia (IIX), concludes this week with an Impact Showcase of four winning Social Enterprises (SEs).

Attended by regional and international executives, Impact Showcase provided four innovative SEs the opportunity to pitch their businesses to potential investors and ecosystem partners.

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Women’s Livelihood Bond launching in 2016 – Sharing Value Asia

Women’s Livelihood Bond is the first of IIX’s Sustainability Bonds set to raise S$20 million in capital for a pool of underlying issuers. These issuers are social enterprises and microfinance institutions (MFIs) focused on empowering women.

For Social Returns, K.K.R. Gives Philippine Vaccination Company a Lift – The New York Times

K.K.R. teamed up with Impact Investment Exchange Asia, which specializes in so-called impact investment, where social returns are accounted for in addition to financial benefits. K.K.R. provided technical assistance with financial planning and steered Glovax’s chief executive, Giovanni Alingog, toward getting a loan rather than raising equity and diluting the ownership.

U.S. private equity firm KKR enters Philippine market — and it’s not an LBO – InterAksyon

KKR’s maiden Philippine venture was done in partnership with Impact Investment Exchange Asia (IIX) and non-profit sister-firm Shujog, with all three providing technical assistance so Glovax could tap long-term funding for its operations. Read More

IIX, Shujog, and KKR Partner with Glovax to Scale Social Impact – Sharing Value Asia

Glovax is a fully integrated vaccine company in the Philippines that imports, distributes, and retails vaccines at affordable rates to low-to-middle-income Filipinos. Read More

Vaccines give venture’s bottom line a big boost – Inquirer.net

Giovanni Alingog, 41, is not your ordinary entrepreneur. In 2003, he convinced his pediatrician wife Geraldine Quijano Alingog to sell their wedding gifts and, with the P80,000 proceeds, he started distributing vaccines. Read More

IIX, Shujog, and KKR Partner with Glovax to Scale Social Impact

Glovax, Philippine Vaccine Company, Receives US$1 Million Credit Line;
Increases Vaccine Distribution and Employment

MANILA & SINGAPORE – July 21, 2015Impact Investment Exchange Asia (“IIX”), a leader in social development through impact investment, Shujog, IIX’s not-for-profit sister organization, and KKR, a leading global investment firm, successfully completed their second social enterprise technical assistance project with Glovax Biotech. Glovax is a fully integrated vaccine company in the Philippines that imports, distributes, and retails vaccines at affordable rates to low-to-middle-income Filipinos.

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IIX, Shujog, and KKR Partner with Glovax to Scale Social Impact – Stockhouse

Impact Investment Exchange Asia (“IIX”), a leader in social development through impact investment, Shujog, IIX’s not-for-profit sister organization, and KKR, a leading global investment firm, successfully completed their second social enterprise technical assistance project with Glovax Biotech. Read More

IIX-Shujog, KKR help PH vaccine firm Glovax Biotech raise $1m credit – DEALSTREETASIA

Impact Investment Exchange Asia (IIX), Shujog and global private equity major KKR have helped Philippines-based vaccine firm Glovax Biotech raise $1 million in credit from BDO Universal Bank, the companes announced on Tuesday. Read More

IIX, Shujog, and KKR Partner with Glovax to Scale Social Impact – Investor’s Business Daily

Impact Investment Exchange Asia (“IIX”), a leader in social development through impact investment, Shujog, IIX’s not-for-profit sister organization, and KKR, a leading global investment firm, successfully completed their second social enterprise technical assistance project with Glovax Biotech. Glovax is a fully integrated vaccine company in the Philippines that imports, distributes, and retails vaccines at affordable rates to low-to-middle-income Filipinos.  Read More

IIX, Shujog, and KKR Partner with Glovax to Scale Social Impact – Yahoo Finance

Impact Investment Exchange Asia (“IIX”), a leader in social development through impact investment, Shujog, IIX’s not-for-profit sister organization, and KKR, a leading global investment firm, successfully completed their second social enterprise technical assistance project with Glovax Biotech. Read More

IIX launches Livelihood Bond, aims to improve lives of half a million women – DEALSTREETASIA

Singapore-based Impact Investment Exchange Asia (IIX) announced a Women’s Livelihood Bond, due to be launched in early 2016, as part of its commitment to the Clinton Global Initiative.

IIX’s Women’s Livelihood Bond™ to Improve Lives of Half a Million Women

Singapore, 13 July 2015 – Impact Investment Exchange Asia (IIX) has kicked-off a first-of-its-kind Women’s Livelihood Bond™ due to be launched in early 2016, as part of its commitment to the Clinton Global Initiative.

The Women’s Livelihood Bond™ is the first among IIX’s Sustainability Bonds – a series of replicable innovative financial instruments that mobilize private capital for development. Designed to transform the lives of over half a million women in Asia, IIX’s Women’s Livelihood Bond™ is set to raise $20 million in capital for a pool of underlying issuers, consisting of Social Enterprises and Micro-Finance Institutions, that focus on empowering women.

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Impact Investment Exchange Asia selects 4 innovative social enterprise – Eco-Business

IIX (Impact Investment Exchange Asia) is pleased to announce that 4 Social Enterprises (SEs) have been selected for its Philippines-based Impact Accelerator™. Impact Accelerator is an intensive acceleration program that targets early-stage SEs with high potential for growth and scalability. Read More

Condolence Statement on the passing of Mr. Lee Kuan Yew

With deep sadness we bid farewell to Singapore’s Founding Father and first Prime Minister Mr. Lee Kuan Yew. As we lament the loss of a great leader, we simultaneously celebrate his legacy in bringing prosperity to Singapore. Mr. Lee’s passion lives on through the great institutions he built in Singapore and the ripple effects of the country’s success across the region. His impact on the lives of Singaporeans and the rest of the world will continue for generations to come.

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Impact Investment Exchange Asia selects 4 innovative Social Enterprises for Impact Accelerator

IIX (Impact Investment Exchange Asia) is pleased to announce that 4 Social Enterprises (SEs) have been selected for its Philippines-based Impact Accelerator™. Impact Accelerator is an intensive acceleration program that targets early-stage SEs with high potential for growth and scalability.

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IIX Asia picks 4 PH social enterprises for Impact Accelerator program – DEALSTREETASIA

Impact Investment Exchange Asia (IIX), a Singapore-based organisation, has chosen four social enterprises (SEs) in the Philippines to participate in its Impact Accelerator program. Launched in October 2014, Impact Accelerator is an intensive acceleration program that targets early-stage SEs with high potential for growth and scalability. Read More

Bangladesh’s entry into impact investment – The Daily Star

Growing up as a daughter of a high ranking civil servant in Bangladesh, I have distinct memories of my father’s trip to Paris every year in the 1980s. To me it was exciting — Papa was seeing Paris — the most romantic city in the world. To him it was a dreaded trip because it was Donor Consortium that brought him to France to beg for donor money for Bangladesh. Read More

Social Enterprises and Capitalism?

The time has come to look at “social enterprises”—a form of capitalism that includes social and environmental objectives in addition to the profit motive.

More than a century ago, Henry Ford asserted that “a business that makes nothing but money is a poor business.” The world is now overrun by such “poor businesses.” The heedless pursuit of financial gains may produce happy management teams and shareholders, but it also results in an unhappy planet for businesses to operate in. The solution is not for these businesses to give some money to charity, or to get employees to play “builder” or “teacher” for a day as part of so-called “corporate social responsibility” initiatives. The solution is much more complex and requires a radical shift in business practices.

Cambodia’s Arjuni secures fund from ICCO – Deal Street Asia

Arjuni International Ltd, a Phnom Penh-based social enterprise, has secured investment capital from ICCO Investment in a bid to expand its business to meet consumer demand and deepen the impact it has on its beneficiaries across Cambodia. Read More

Arjuni, recipient of advisory services from IIX facilitated by Shujog – Eco Business

Impact Investment Exchange Asia (IIX) and Shujog Assistance for Capacity-building and Technical Services (ACTS), announced today that Arjuni International Ltd. (“Arjuni”), a social enterprise based in Phnom Penh, Cambodia, for which IIX provided business advisory services through Shujog ACTS, has successfully raised investment capital. Read More

Arjuni, recipient of advisory services from IIX facilitated by Shujog

Impact Investment Exchange Asia (IIX) and Shujog Assistance for Capacity-building and Technical Services (ACTS), announced today that Arjuni International Ltd. (“Arjuni”), a social enterprise based in Phnom Penh, Cambodia, for which IIX provided business advisory services through Shujog ACTS, has successfully raised investment capital.

Arjuni secured investment from ICCO Investment, an initiative of ICCO Cooperative, which will allow it to expand its business to meet consumer demand and further deepen the impact it has on its beneficiaries across Cambodia.

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Investment Fund For Social Enterprises In Asia Targets Growth Capital Gap – Forbes

There’s a dearth of growth capital available for social enterprises in Southeast and South Asia.
With that in mind, Singapore-based Impact Investment Exchange’s (IIX) Impact Partners is launching a new growth fund on Nov. 6 called, appropriately enough, IIX Growth Fund. Read More

Impact Investment Exchange Asia launches Impact Accelerator in the Philippines

Impact Investment Exchange Asia (“IIX”) is pleased to announce the launch of its first Impact Accelerator™ – an intensive “in-country” acceleration program designed to accelerate early-stage Social Enterprises (“SEs”) that have high potential to create positive social and environmental impact at scale.

Impact Accelerator™ will be launched in the Philippines, where SE activity is rapidly growing and socially-minded entrepreneurs are working to address challenges across various sectors including agriculture, energy, water, health and education.

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Social Impact Award: Alumna honored by Wharton Club of New York

Impact investment pioneer and social entrepreneur Durreen Shahnaz was recognized last week at the Joseph Wharton Awards Dinner in New York, an annual gathering of alumni that dates back to the 1970s.

Shahnaz wins Social Impact Award-Pro Bono Australia

The Founder and Chairperson of the Impact Investment Exchange Asia (IIX) and Impact Investment Shujog (Shujog) Professor Durreen Shahnaz has won the 2014 Joseph Wharton Award for Social Impact.

Professor Durreen Shahnaz receives the 2014 Joseph Wharton Award- Eco-Business

Impact Investment Exchange Asia (IIX) and Impact Investment Shujog (Shujog) are pleased to congratulate our Founder and Chairperson, Professor Durreen Shahnaz, on receiving the 2014 Joseph Wharton Award for Social Impact. Read More.

Professor Durreen Shahnaz receives the 2014 Joseph Wharton Award for Social Impact

3 October 2014 – Impact Investment Exchange Asia (IIX) and Impact Investment Shujog (Shujog) are pleased to congratulate our Founder and Chairperson, Professor Durreen Shahnaz, on receiving the 2014 Joseph Wharton Award for Social Impact. The award is presented annually to the alumnus who has made a significant impact in public services, social enterprise or philanthropy. The Joseph Wharton Award is one of the highest honor that Wharton Business School confers on its alumni.

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Durreen Shahnaz gets Joseph Wharton Award-Dhaka Tribune

Founder and Chairperson of Impact Investment Exchange Asia (IIX), and also Impact Investment Shujog (Shujog) Professor Durreen Shahnaz has won the 2014 Joseph Wharton Award for Social Impact.

Impact Investment Exchange Asia launches Impact Accelerator in the Philippines

Impact Investment Exchange Asia (“IIX”) is pleased to announce the launch of its first Impact Accelerator™- an intensive “in-country” acceleration program designed to accelerate early-stage Social Enterprises (“SEs”) that have high potential to create positive social and environmental impact at scale. Read More

IIX announces Clinton Global Initiative Commitment to Action on Women’s Impact Bond – Eco-Business

Impact Investment Exchange Asia (IIX), a leader in social sector development through impact investing, recently announced its Clinton Global Initiative (CGI) Commitment to Action on Women’s Impact Bond (WIB) at the 2014 CGI Annual Meeting. Read More

IIX announces the CGI pledge to promote clean-cook stove

Impact Investment Exchange Asia(IIX) has announced its Clinton Global Initiative(CGI) Commitment to Action on Women’s Impact Bond (WIB) to help organisations concerned scale their clean-cook stove businesses, benefiting people including women from harmful air pollution. Read More

IIX announces Clinton Global Initiative Commitment to Action on Women’s Impact Bond

25 September 2014 – Impact Investment Exchange Asia (IIX), a leader in social sector development through impact investing, recently announced its Clinton Global Initiative (CGI) Commitment to Action on Women’s Impact Bond (WIB) at the 2014 CGI Annual Meeting.

The WIB will pool US$10 million into an investment vehicle that will support social enterprises and microfinance institutions working towards clean cook-stove initiatives. The WIB will be a publicly listed bond product on the Impact Exchange, the world’s first social stock exchange, allowing retail investors to participate in addition to traditional impact investors.

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IIX announces Clinton Global Initiative Commitment to Action on Women’s Impact Bond

Impact Investment Exchange Asia (IIX), a leader in social sector development through impact investing, recently announced its Clinton Global Initiative (CGI) Commitment to Action on Women’s Impact Bond (WIB) at the 2014 CGI Annual Meeting.

Impact Partners platform raises capital for SEED Schools

11 June 2014– Impact Investment Exchange Asia (IIX) announced today that its Impact Partners platform has successfully facilitated an investment into SEED Edu. Corp. (India) Pvt. Ltd (“SEED Schools”), a social enterprise based in Hyderabad, India.

SEED Schools

SEED Schools was established to invest in and operate low cost private schools (LCPS) in India with a strong focus to improve the standard of education.

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Impact Partners platform raises capital for Frontier Markets

08 January 2014– Impact Investment Exchange Asia (IIX) announced today that its Impact Partners platform has successfully facilitated an investment into Frontier Markets, a social enterprise based in Jaipur, India.

Frontier Markets

Frontier Markets (FM) is a last-mile sales and distribution company that offers clean energy products and superior after-sales service to low-income, base of the pyramid (BOP) households in rural India. FM targets consumers who have limited access to electricity, who reside in rural and semi-urban settings, and who are considered low-income. These consumers are often farmers or laborers, and many of them are microfinance clients.

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In Bali, An Entrepreneur Builds An Eco-Friendly Workers’ Paradise

In eastern Bali, where the climate is dry and the soil unforgiving, just about the only trees that thrive are those producing cashew apples. But while the residents depend on their crops for sustenance, perhaps 90% of the processing is done in places like Vietnam and India. Meaning: Most of the money is made elsewhere; the average income is $2 a day. Read More

Breaking the mould in Bali

East Bali Cashews, an innovative partnership in Indonesia, underlines how big business can use its know-how to help social enterprises become financially sound and still deliver on their fundamental goal, says founder Aaron Fishman

Empowering women social entrepreneurs in India

Empowering women social entrepreneurs in India

November, 2013

New ‘Young Women Social Entrepreneurship Development Programme’ in India is to identify women working in social enterprises and train them to become ‘Master Trainers’. Read More.

Impact Investment Exchange and KKR Announce Partnership

01 November, 2013– Impact Investment Exchange Asia (IIX) is proud to announce it’s work with East Bali Cashews which led to $900,000 investment, creating jobs and positive social impact.

Impact Investment Exchange Asia (IIX), a leader in social sector development through impact investment, and KKR, a leading global investment firm, marked the successful completion of its technical assistance project with East Bali Cashews (EBC), based in the rural village of Ban in Bali’s Karangasem District.

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KKR’s ESG Efforts Go One Step Further

Executives in KKR & Co.’s Singapore and Sydney offices have taken the firm’s environmental, social and governance initiatives one step further, this time outside the portfolio.

KKR teamed up with Impact Investment Exchange Asia (IIX) to help a company called East Bali Cashew develop its business plan, which ultimately resulted in $900,000 million of new financing, according to a release from the firm. The new financing, which did not include capital from KKR, will aid in the construction of a second factory, which in turn will hire 100 new employees.

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Impact Investment Exchange and KKR Announce Partnership

Work with East Bali Cashews leads to $900,000 investment, creating jobs and social impact

October 22, 2013

Impact Investment Exchange Asia (IIX), a leader in social sector development through impact investment, and KKR, a leading global investment firm, marked the successful completion of its technical assistance project with East Bali Cashews (EBC), based in the rural village of Ban in Bali’s Karangasem District.

Social Enterprises are businesses which actively create a positive return to society. EBC, founded in 2012, is the first large-scale cashew processing facility in Bali and uses sustainable, eco-friendly business practices to process unshelled cashews, package and sell them under the brand name Alamente. EBC creates employment for women from farmer households who are mostly illiterate and have never had formal, salaried employment.

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IIX assists Kinara Capital to close its Series A funding round by bringing together mission-aligned investors through its Impact Partners platform

08 October, 2013– Impact Investment Exchange Asia (IIX) announced today that its Impact Partners platform has assisted Bangalore-based Kinara Capital in closing a Series A funding round totaling approximately US$1 million. IIX’s Impact Partners platform was instrumental in securing a group of co-investors to invest alongside two US-based foundations in this deal.

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Impact Partners platform successfully raises capital for Sun-eee

23 September, 2013– Impact Investment Exchange Asia (IIX) announced today that its Impact Partners platform has facilitated an investment of US$450,000 into Sun-eee Pte. Ltd. Mr. Ben Pwee, who is the founder and chairman of the Pwee Foundation and a recipient of IIX’s Impact Leader Award, led this deal.

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Impact Partners platform successfully raises capital for Sun-eee, providing a beacon of hope for clean energy access in villages across rural Cambodia

Impact Investment Exchange Asia (IIX) announced today that its Impact Partners platform has facilitated an investment of US$450,000 into Sun-eee Pte. Ltd. Mr. Ben Pwee, who is the founder and chairman of the Pwee Foundation and a recipient of IIX’s Impact Leader Award, led this deal.

 

Sun-eee Pte. Ltd. (Sun-eee)

Sun-eee is a Cambodian renewable energy company that addresses both the social problem of low penetration of electricity in rural areas and the environmental problem of a heavy reliance on diesel fuel.
Sun-eee aims to acquire a number of existing IPPs in this highly fragmented and under-served market. In turn, Sun-eee will generate clean and affordable power in these licensed areas by converting the existing diesel generators to a combination of biomass and solar technology while also extending the existing transmission networks to reach additional households. This will enable Sun-eee to offer low-cost, reliable power in these under-served markets and help to improve the lives of thousands of rural Cambodians.

“I am glad to have worked with IIX in securing this round of investment which has allowed me to purchase an IPP, replace the diesel-based charging stations with solar and biomass power plants, while aggressively expanding the transmission line network. These are the first steps to providing affordable energy to rural villagers in Cambodia. We will implement additional renewable energy power plants in the future to improve the quality of life for disadvantaged people and to reduce the greenhouse effect while protecting existing energy resources.” – Sov Leang, Founder, Sun-eee
 

IIX’s Role

IIX introduced Sun-eee to a group of angel investors who provided US$450,000 of funding in the form of convertible notes. This capital has enabled Sun-eee to purchase its first IPP and commence commercial operations. IIX continues to work with other potential investors with the goal of raising up to another US$3,000,000 in capital for Sun-eee.

IIX provided Sun-eee with exposure to investors through its Impact Partners platform, opportunities to present at events and facilitation of meetings with interested investors. With the Support of Asian Development Bank’s ‘Energy For All’ program, IIX was able to offer Sun-eee technical assistance in preparation for engaging with potential investors.

“IIX started working with Sun-eee after the company had completed a successful pilot and was looking for investment capital to scale the business. Over the last few months, we have worked closely with Sun-eee to refine their financial model and are thrilled to see that all the work has paid off with this investment. We look forward to continue supporting Sun-eee as it grows and brings prosperity to rural Cambodia.” – Robert Kraybill, Managing Director, IIX.
 

About IIX:

Impact Investment Exchange Asia (IIX) is a Singapore-based organization with a mission to provide Social Enterprises (SEs) in Asia greater access to capital, allowing them to more rapidly expand the impact of their activities.

IIX offers three investment platforms – Impact Incubator, Impact Partners and Impact Exchange. Impact Incubator focuses on raising seed capital for start-up SEs while Impact Partners is a private placement platform dedicated to growth-stage SEs that are seeking expansion capital. IIX also recently announced the launch of Impact Exchange, operated by the Stock Exchange of Mauritius in collaboration with IIX. Impact Exchange is the world’s first “social stock exchange”, a regulated stock exchange dedicated to listing and trading securities issued by mature SEs and other socially-driven organizations. IIX’s sister not-for-profit company, Shujog assists in capital raising through its proprietary impact assessment, research, advocacy and advisory work.
 

Contact information:

For media inquiries, please contact:
Email: info@shujog.org

IIX announces successful close of investment in Spring Health, a Social Enterprise aiming to revolutionise access to drinking water in India

IIX announced today that its Impact Partners platform has successfully facilitated an investment from two private investors, alongside lead investors from the Artha initiative and the Stone Family Foundation, into Spring Health Water (India) Pte. Ltd., a for-profit Social Enterprise that provides safe and affordable drinking water to rural customers in India.

The investment will enable Spring Health to expand its operations throughout the Eastern states of India and impact the lives of over 400,000 people.
Spring Health

Spring Health was founded by Dr. Paul Polak, founder of International Development Enterprises (iDE), a non-profit organization which creates livelihood opportunities for poor rural households and Jacob Mathew, a serial entrepreneur who has set up design firms, a manufacturing unit, and retail enterprises.

Spring Health distributes safe and affordable water to villagers in Eastern India. To date, Spring Health has provided over 38,000 people in 95 villages with access to safe drinking water by building water tanks at kiranas (mom-and-pop shops) of rural entrepreneurs. Sourced locally, the water is treated with chlorine and sold at very low prices. Spring Health aims to impact over 800,000 households over the next two years and over 8 million people within the next 5 years.

“I’m delighted to have been introduced to a group of passionate impact investors through the IIX network. The investment will accelerate our provision of affordable and safe drinking water to rural people and support the organization in expanding its impact across more villages.” – Jacob Mathew, Founder of Spring Health
IIX’s Role

Spring Health had the opportunity to showcase its business to accredited investors at this year’s Impact Forum, an annual event co-organised by IIX and its sister not-for-profit organization, Shujog. IIX also introduced the company to its Impact Partners investor base and facilitated the investment process by securing two private investors. Meanwhile Shujog helped Spring Health create a social impact framework for measuring and assessing their impact.

IIX is delighted to have assisted Spring Health in raising investment capital which will allow it to scale up its current operations and expand the impact of its activities. We are also pleased to be able to support World Water Week, with the timely closing of this deal. This demonstrates our commitment to this year’s theme of “Water Cooperation: Building partnerships”. By facilitating access to capital for Social Enterprises through its platforms, IIX continues to contribute to the growth of social capital markets in Asia. – Robert Kraybill, Managing Director, IIX
About IIX:

Impact Investment Exchange Asia (IIX) is a Singapore-based organization with a mission to provide Social Enterprises (SEs) in Asia with greater access to capital, allowing them to more rapidly expand the impact of their activities. IIX operates three investment platforms – Impact Incubator, Impact Partners and Impact Exchange. Impact Incubator focuses on raising seed capital for start-up SE’s while Impact Partners is a private placement platform dedicated to growth-stage SE’s that are looking for expansion capital. IIX recently launched Impact Exchange in partnership with the Stock Exchange of Mauritius. Impact Exchange is Asia’s first trading platform where mature SE’s can raise capital through the issuance of securities. IIX’s sister not-for-profit company Shujog assists in capital raising through its proprietary impact assessment, research, advocacy and advisory work.
Contact information:

For media inquiries, please contact:
Li Kah Yan
Email: info@shujog.org
Telephone: +65 6221 7051

IIX announces successful close of investment in Spring Health

04 September, 2013– IIX announced today that its Impact Partners platform has successfully facilitated an investment from two private investors, alongside lead investors from the Artha initiative and the Stone Family Foundation, into Spring Health Water (India) Pte. Ltd., a for-profit Social Enterprise that provides safe and affordable drinking water to rural customers in India.

The investment will enable Spring Health to expand its operations throughout the Eastern states of India and impact the lives of over 400,000 people.

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Are social stock exchanges the great equalizer to democratize development finance?

With the launch of the Social Stock Exchange in London almost simultaneously with the Impact Exchange, these two exchanges are rapidly redefining the sector. This article by Devex writes about how these two platforms operate and how they are changing the face of investing.

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Impact Exchange: how it will change investing

The International Finance Law Review (IFLR) shines light on how the world’s first stock exchange dedicated to Social Enterprises will change the face of investing. Read on as IFLR interviews IIX’s legal counsel Matt Kasdin about the Impact Exchange and what the next stage of investing will be here.

A paradigm shift towards providing equal opportunities for inclusive growth

06 June 2013: IIX and Shujog, – two Singapore-based Social Enterprises focused on raising investment capital for Social Enterprises across Asia Pacific, is organizing Impact Forum – a gathering of professionals across the globe who are using capital markets and finance to bring about social and environmental good — at the Biopolis from 13 to 14 June 2013. This is the 5th Impact Forum and the second one in Singapore. The other Impact Forums were held in Bangladesh, India and Thailand. Themed “Investing in Inclusion”, the two-day forum will be a global gathering of investors, innovators, social entrepreneurs, and leaders from civil societies, public and private sectors.

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Nexii and IIX: Integrating Global Efforts for Greater Impact

May 30, 2013

In a collaborative move to strengthen and standardize the impact investing sector, Nexii and Impact Investment Exchange Asia (IIX) are pleased to announce the transfer of Nexii’s role in Impact Exchange to IIX.  With effect as from May 6 2013, IIX has taken over the cooperative management of Impact Exchange with the Stock Exchange of Mauritius (SEM).  Impact Exchange aims at being a social stock exchange with significant global reach, from Africa to Asia, two regions in the most need of capital assistance for sustainable development.

Tamzin Ractliffe, founder of Nexii, said, “We are delighted at this integration, will continue to work with the SEM and IIX to ensure a smooth handover and transition, and are enthusiastic to watch Impact Exchange’s ascension to importance within the financial services industry over the next decade.”

Professor Durreen Shahnaz, Founder and Chairwoman of IIX, commented, “This partnership with the SEM to develop Impact Exchange is an important step in consolidating the interest from impact investors globally to two regions that have the most potential to impact millions of lives for the better.”

The Evolution of Impact Exchange

In 2006, the SEM successfully launched the Development and Enterprise Market to support medium-sized and growing business in Mauritius. Building upon its experience and recognition by Africa Investor (Ai) as Africa’s most innovative stock exchange in 2011 and 2012, the SEM partnered with Nexii to jointly develop the regulatory framework of Impact Exchange, collaboratively drafting listing rules that would cater towards impact investment opportunities. Impact Exchange aims at becoming a platform for the public to invest in and trade shares of social enterprises while assuring mission alignment to social and/or environmental impact. Impact Exchange is designed to be operated and regulated by the SEM. As Impact Exchange becomes operational, IIX will assume Nexii’s current role to oversee impact reporting requirements.

“Impact Exchange is a pioneering effort in democratizing access to investment information, market infrastructure and capital for both impact investors and social businesses or impact investment funds – a stepping stone towards achieving scale in the impact investment sector”, said the SEM’s CEO, Sunil Benimadhu.

Impact Exchange Moving Forward

IIX will work directly with the SEM to build upon the platform’s potential and work towards its launch in the future. Nexii will continue to support Impact Exchange by accrediting Authorised Impact Representatives through the Impact Trust, a move that will establish an independent qualification for intermediaries, with the intention of servicing social stock exchange initiatives globally.

IIX’s entry into Africa through the Impact Exchange relationship with the SEM is a strategic acquisition.  “We are excited for this expansion of our footprint. IIX is currently raising capital through Impact Partners, its private placement platform impacting lives of thousands across Asia. With Impact Exchange, that impact can be multiplied to millions reaching both Africa and Asia. Impact Exchange will also allow for every citizen in this world to become an impact investor and part of the democratization of capital markets”, Shahnaz said.

“As Impact Exchange is a pioneering effort to use public markets for impact, we are excited to work with IIX given their track record of success connecting Social Enterprises to investment capital. We thank Nexii for their initiative and the passion they have brought to this project”, stated Benimadhu.

Interested Social Enterprises and investors can attend IIX’s annual Impact Forum, held in Singapore June 13-14, 2013 where more details of Impact Exchange’s operations will be unveiled.  Registration and further information on the Forum can be found at www.impactforum.asia.

For further information on how to become an accredited Authorised Impact Representative, visit http://impacttrust.co.za/subscribe/ to sign-up for further information.

About NEXII:

Nexii’s vision is of an inclusive, sustainable and ethical capital markets system that promotes prosperity for all and pays as much attention to issues of people and the planet as it does to issues of financial profit. Nexii is dedicated to building the impact investment market infrastructure and integrated intermediation services necessary to help businesses operating in sustainable sectors to raise capital and trade financial securities. For more information, please visit www.nexii.com

About IIX:

IIX is revolutionizing the way the world looks at sustainable economic development through the creation of social capital markets. It is operating investment platforms, developing products and ecosystems to connect socially and environmentally mission-driven enterprises with impact investors. IIX currently operates Impact Partners and Impact Incubator, two private placement platforms – the largest in the world in the impact investing space, offering social enterprises based in Asia Pacific a marketplace to raise private capital. IIX platforms have successfully raised pioneering investment capital for many social enterprises across the region. IIX’s sister entity Shujog focuses on doing impact assessments for social enterprises and plays a crucial role in the capital raising process. For more information, please visit www.asiaiix.com , www.impactpartners.asiaiix.com and www.shujog.org

About SEM:

Over the years, SEM has been at the forefront of innovation in the Exchange space in Africa, emerging as a reference Exchange on the African continent.  SEM is today one of the leading frontier Exchanges and a full-fledged member of the World Federation of Exchanges (WFE).SEM is presently actively pursuing its internationalisation strategy, which is aimed at moving up the value-chain of products listed/traded on the SEM platform and setting the stage for the Exchange to gradually emerge as an attractive listing, trading and capital-raising platform offering international and multi-currency products. For more information, please visit www.stockexchangeofmauritius.com

About IMPACT TRUST:

The Impact Trust’s mission is to facilitate access to financial, intellectual and political capital for social and environmental solutions through research, impact finance product design, advocacy and education. It is also responsible for accrediting Authorised Impact Representatives, qualified firms and professionals in impact measurement, evaluation, and due diligence. Its work most recent includes developing a pilot for the first social impact bond in South Africa and research into stimulating SME and social business growth through taxation frameworks and legal structures. For more information, please visit www.impacttrust.co.za

Contact Information: For further comments or details on the story, please email us at info@asiaiix.com

Nexii and IIX: Integrating Global Efforts for Greater Impact

30 May, 2013– In a collaborative move to strengthen and standardize the impact investing sector, Nexii and Impact Investment Exchange Asia (IIX) are pleased to announce the transfer of Nexii’s role in Impact Exchange to IIX. With effect as from May 6, 2013, IIX has taken over the cooperative management of Impact Exchange with the Stock Exchange of Mauritius (SEM). Impact Exchange aims at being a social stock exchange with significant global reach, from Africa to Asia, two regions in the most need of capital assistance for sustainable development.

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Impact Forum 2013 TV Commercial

Impact Forum is happy to partner with Bloomberg Media in spreading the word of Impact Investing across Asia. Register now to save your seat: http://impactforum.asia/2013/ Join us in this monumental event for Impact Investing as we bring the top movers and shakers in the space to partake in discussions on Investing in Inclusion.

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Impact Investing Forges Ahead in Asia: AB mag covers IIX’s work in making it happen

Would you invest in a company that placed equity priority on social and monetary returns. Globally, the answer would seem to be “yes”. Within the past seven years, the United Nations backed Principles for Responsible Investment initiative has seen signatory companies jumped by more than 1,500%: there are now close to 1,200 signatories with assets under management of $30 trillion. 

Please download the PDF article to read more. 

IIX and SEAS announce joint efforts to promote the growth of Social Enterprises within Energy sector of Asia Pacific

October 22, 2012

Press Release

 

Impact Investment Exchange Asia (IIX) and the Sustainable Energy Association of Singapore (SEAS) signed today a Memorandum of Understanding (MOU) solidifying joint efforts to promote the Social Enterprise (SE) space among the sustainable energy sector. This is a significant step forward in continuing both organizations’ goals of creating more inclusive energy access to the millions currently in Asia without dependable sustainable energy options.

In Asia today, over 700 million people are still without access to electricity and almost two billion people still burn wood, dung, and crop waste to cook and heat their homes. With energy demand projected to double by 2030 in Asia Pacific, much of it driven by developing economies, the time is now in advocating innovative and clean energy solutions that are reliable, accessible and affordable. IIX believes that SEs – innovative organizations that employ market-based solutions to address social and environmental challenges—are part of the solution.

The MOU between IIX and SEAS covers two major components: mutual advocacy and greater knowledge integration. IIX and SEAS will work together to mutually promote one another’s work to its main constituency bases: SEs and organizations active in the sustainable energy sector, respectively. In addition, IIX and SEAS will refer qualifying enterprises to one another. This is a concerted effort to pool more resources and actors with common goals towards finding innovative and effective solutions to a more sustainable and energy-efficient Asia.

The MOU will also encourage greater knowledge sharing between the two parties through various capacity-building workshops, enabling sustainable energy enterprises to showcase its positive social and environmental effects to investors. “There is a big role for IIX and SEAS to play in emphasizing a renewable energy company’s positive social and environmental impact just as prominently as its financial returns. Our combined efforts will bring to the forefront these companies’ contribution to a more energy-efficient and green Asia,” shares Mr. Robert Kraybill, Managing Director of IIX.

In the effort to create immediate traction, IIX and SEAS look forward to collaborating on a series of outreach events in the coming year to drive more knowledge within the sustainable energy community about the power of SEs in providing energy solutions for the poor and underserved as well as champion the role members of the energy sector can play in the socio-environmental development of the communities they work in. 

SEAS, which provides a common platform for companies in the Renewable Energy, Energy Efficiency, Carbon Trading, and Clean Development sectors, is well poised to promote the concept of Social Entrepreneurship to the clean energy sector and to encourage more companies to emphasize their social and environmental impact. “This collaborative relationship with IIX will not only further SEAS involvements to support energy access regionally but also be complemented by the support received from the Energy for All Partnership programme co-Chaired by the Asian Development Bank and SEAS to target electrification of 100 million new connects and capacity building for entrepreneurs in Asia. We, along with our regional strategic partners, look forward to working with IIX to address the issues of energy poverty alleviation through this new found collaboration” said Mr. Edwin Khew, Chairman of SEAS. 

 

About IIX:

IIX is revolutionizing the way the world looks at sustainable economic development in Asia through the creation of social capital markets. It is creating the platforms, products and ecosystem development to connect socially and environmentally mission-driven enterprises with impact investors. IIX operates Impact Partners, Asia’s first private placement platform dedicates to investments for social enterprises. IIX will launch its public investment platform, Impact Exchange in Winter 2012.

About SEAS:

The Sustainable Energy Association of Singapore (SEAS), represents the interests and provides a common platform for companies in Renewable Energy, Energy Efficiency, Carbon Development and Trading, and Financial Institutions to meet, discuss, collaborate and undertake viable projects together. The Association extends its focus to include Capacity Building, Technology Strengthening and Market Intelligence assisting its members in achieving Sustainable Growth locally and regionally via enterprise development, market development, training and learning platforms.

SEAS plays a strategic role in aiding the realisation of Singapore’s vision, to be a Global Clean Energy Hub where products and innovative solutions are developed, adopted and exported. SEAS has also built strategic relations with regional clean energy industry organisations, multilaterals and key government institutions enabling collaboration opportunities for its members.

 

For a pdf copy of the press release, please click here.

 

Contact Information:

For media inquiries, please contact Lina Tang at +65 6221 7051 or ltang@asiaiix.com or Mr. Yatin Premchand at 9147 9575 or yatin@seas.org.sg. 

IIX’s Legal Advisor on “Why Impact Investing is the next corporate innovator”

October 18, 2012
By: Ashley Lee of International Financial Law Review
Why impact investing is the next corporate innovator

Oxfam’s £1 billion loan to Mongolia’s Xac Leasing blurs the line between private equity funds and not-for-profit organisations.

The transaction highlights the growing trend of impact investments, or utilising private equity strategies for investments focused on the greater good. It also signals environmental, social and governance (ESG) issues becoming more important for private equity funds.

However both trends raise questions about the for-profit and non-profit status of companies, and may signal the introduction of new corporate structures.

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IIX & Shujog Featured in ADB Article on “Social Economy for Poor Communities”

October 17, 2012
By Asian Development Bank:
Social Economy for Poor Communities:

Social enterprises play a vital role in addressing social and environmental challenges in developing countries in Asia and the Pacific.

With a significant number of people living in extreme poverty in Asia and the Pacific, social enterprises, i.e., organizations that pursue social goals through commercial strategies, serve as a vital link to narrow the gap in the region’s income disparity.

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How to do good and triple returns

IIX Director and Head of Investor Team En Lee is in Prestige Magazine’s “40 under 40” and talks about impact investing. Click here to read the article.

IIX highlighted in Rockefeller trip to Singapore

Dr. Judith Rodin’s visit to Singapore and leadership of the Impact Investment Exchange Asia (IIX) panel on impact investing has been highlighted by The Rockefeller Foundation. Click here to read the press release.

BBC News also covered the event, interviewing Dr. Rodin about how investors “can help meet the world’s needs” and the role IIX can play. More information about the interview can be found here.

Videos of comments by IIX Founder & Chairperson Prof. Durreen Shahnaz and Rockefeller Foundation President Dr. Judith Rodin are available online.

RF_IIX_Durreen from gyneth tan on Vimeo.

RF_IIX_Dr_Rodin from gyneth tan on Vimeo.

 

The video of the panel discussion will be hosted online soon.  For immediate enquiries, please email gtan@asiaiix.com.

IIX announces successful close of seed capital investment in BagoSphere, led by Small World Group Incubator

September 26, 2012

Impact Investment Exchange Asia (IIX) announced today that it successfully facilitated the seed capital round of funding for BagoSphere Pte. Ltd, a pioneering vocational training social enterprise that provides affordable and effective training programs catered to rural, low-income youths in the Philippines. The transaction closed through IIX’s Impact Incubator and Impact Partners platforms with four strategic investors. Law firm Clifford Chance provided pro bono legal support to BagoSphere for the transaction. The investment comes in the form of a convertible note and will fund start up costs and the establishment and operation of a training center in Bago City, Philippines.

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New Report on the State of Social Enterprises in India now available

IIX’s sister company, Shujog has a new report up!  As part of its Asian Development Bank (ADB) Regional Technical Assistance (RETA), Shujog is proud to share the newest report on the State of Social Enterprises in India.  Shujog served as a research consultant for the ADB to undertake the work for the report.  Access the full report here

Interviews at the Impact Forum

Delegates of the Impact Forum talk about their experience at the Forum and how they think the space is moving in Asia.

More funding options available to social enterprises

By Sim Ping Khuan

SINGAPORE : A growing variety of funding options are now available to social enterprises.

In Singapore, these businesses with social missions are now getting easier access to bank loans with preferential rates and other funding options.

Since starting four years ago, Singapore-based Adrenalin Events and Education has been committed to employing the disadvantaged.

About 30 per cent of the the firm’s staff either have physical challenges or are youths from disadvantaged social backgrounds.

The social enterprise has been on the lookout for funding options to balance its social mission and grow its business.

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Rebel with a cause.

Read Durreen Shahnaz’s exclusive interview with Her World Magazine.

The pillars that support inclusive growth

DONOR money is drying up and social enterprises in the Asia-Pacific region are looking towards being both profit-driven and socially impactful, said participants at an industry forum this week. Published in The Business Times 30 June 1 July 2012.

More people in Asia making impact investments

June 26, 2012 – Channel News Asia  Singapore: Investing with a social cause has caught on in Asia.  Read more here.

 

Social enterprises need to create success yardstick

June 25, 2012 – Business Times interview at Impact Forum 2012. Read the full article here.

Professor Durreen Shahnaz’s speech at Asian Private Banker Investment Advisory Summit Singapore 2012

“Private bankers are becoming irrelevant,” Durreen Shahnaz, founder, Impact Investment Exchange (IIX) boldly says, because she believes Asian investors, yield-oriented though they may be, want more out of their wealth managers. “They are out of touch with their client needs and wants.”

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IIX covered in Forbes Online Magazine

"Impact Partners will continue to provide fuel for IIX...many of the social enterprises that want to participate in the private marketplace need a lot of help before they’re ready for prime time."

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IIX featured in the Star Online Malaysia.

Read the full article hear to find out how IIX is creating the Impact Exchange a social enterprise exchange.

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Impact Forum is coming to Singapore

IIX and Shujog are hosting our biggest Impact Forum to date on June 25 and 26 in Singapore as a culmination of our pioneering achievements thus far, including the upcoming launch of Impact Exchange – Asia’s first social stock exchange.

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IIX Featured in ‘Inside Investor Relations’!

IIX and our Managing Director Robert Kraybill were featured in an article about social stock exchanges in Inside Investor Relations this weekend:

“Social stock exchanges can make the world a better place, which goes back to what I thought capital markets should be doing all along,’ says Kraybill, managing director of Impact Investment Exchange Asia (IIX).”

Read the full article here and keep an eye out for the print edition due in February.

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IIX mentioned in Institutional Investor

IIX was mentioned in an Institutional Investor article about impact investing infrastructure on January 5, 2012.

“A few shops have set out to build [impact investing] infrastructure. In March 2011, Singapore-based Impact Investment Exchange Asia (IIX), run by former Morgan Stanley colleagues Robert Kraybill and Durreen Shahnaz, launched a platform called Impact Partners. For an annual subscription fee, Impact Partners gives investors information about social enterprises throughout the Asia-Pacific region. Chosen for their financial viability and their social or environmental impact, the enterprises featured on the platform focus on everything from microfinance to fair trade to sustainable agriculture.”

Read the full article here.

ADB Publishes Shujog’s ‘Impact Investors in Asia’ report

The Asian Development Bank (ADB) has just published Impact Investment Shujog’s research on Impact Investors in Asia. Shujog was contracted as a consultant by the Asian Development Bank (ADB) to conduct research on current and future Impact Investor behavior in Asia. The paper, titled “Impact Investors in Asia: Characteristics and Preferences for Investing in Social Enterprises in Asia and the Pacific” was conducted as a part of ADB’s Regional Technical Assistance (RETA) #7549 and is available here.

More information about the Shujog’s research can be found here.

IIX hosts Dr. Rodin in Singapore for Impact Investment Discussion Thursday, Sept 29

This evening Impact Investment Exchange is proud to host Dr. Judith Rodin, President of the Rockefeller Foundation, as she leads a panel on impact investment. Alongside Dr. Rodin will be Mr. Bart Edes, Director, Poverty Reduction, Gender, and Social Development, Asia Development Bank, Mr. Matthew Gamser, Head, Access to Finance Advisory, International Finance Corporation, Ms. Sumita Ghose, CEO, Rangsutra, and Mr. Kishore Moorjani, Founder and Managing Partner, Credit Asia Capital.

Catch Robert Kraybill at SOCAP11 in San Francisco

Want to know what do social capital markets stand for in East Asia? Come learn as Robert and other leaders in the space take a look at how social entrepreneurship and impact investing have evolved so far in East Asia, the successes and failures, where it is headed, and how we should influence future direction. Click here to find out more about the event.

Impact Partners and Mission Markets implement partnership

Impact Investment Exchange Asia (IIX) and Mission Markets remain committed to developing a relationship to achieve scale that will increase the flow of capital and unlock significant potential within the global impact and sustainability markets. We have begun to engage in a two-way referral process by which our public websites are now directly linked. Our members are encouraged to engage further in the extended investment opportunities presented by the partnership. In order to further strengthen the collaboration and cross-pollination across borders, IIX has also extended a limited time free trial* valid from now till 31st Dec 2011 to all Mission Markets members who are investors, simply type in this promotion code ‘MM2011’. Register now or to find out more click here.

* Terms & Conditions apply.

Durreen Shahnaz to present at TEDx Kuala Lumpur

Durreen Shahnaz, the founder of Impact Investment Exchange and Impact Investment Shujog,will speak at the third annual TEDX Kuala Lumpur conference on August 20, 2011. Under the theme “We Have A Secret”, the conference will feature some of the world’s most fascinating thinkers and their untold stories. Learn more and register here: http://www.tedxkl.com/category​/speakers/2011/

Impact Quarterly is Up!

Click on the “Impact Quarterly” tab on the menu to take a look!

THE MEANING BEHIND THE BRAND

CORUM PRIORITIZES CORPORATE SOCIAL RESPONSIBILITY

Luxury brands are under more scrutiny than ever before. Increasingly, customers are demanding to know not just what a global niche luxury watch brand like Corum values, but also how it stands behind these values. “Today’s consumer likes to go beyond the marketing tag line to see what values the brand truly stands for,” says Corum’s Regional Managing Director Deepa Chatrath. What does this trend mean for corporate social responsibility (CSR) initiatives?

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SHUJOG IN BANGLADESH

In April 2011, Shujog sent its research team, Magnus Young and Shlesha Thapaliya, to Dhaka, Bangladesh as part of its impact assessment mission. The team was continuously reminded of the importance of leveraging local knowledge to empower people in a broad-based sustainable way – a primary principle underpinning all of Shujog’s impact assessment work. What did local entrepreneurs have to say?

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ACTIVE SOLUTIONS

HONG KONG ADOPTS IMPACT INVESTING TO CURB SOCIAL PROBLEMS

Hong Kong is home to diverse parties willing to invest financial, intellectual and human capital in innovative ways to achieve social impact. “No one will deny that Hong Kong has crowds of enthusiastic businessmen, corporations and people who want to give a helping hand to society,” says Francis Ngai, founder and CEO of Social Ventures Hong Kong. Why does social enterprise play a critical role in Hong Kong and China?

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INVESTING IN ASIA

VENTURE PHILANTHROPY NETWORK TO LAUNCH IN SINGAPORE

The Asia Venture Philanthropy Network (AVPN) plans to help the venture philanthropy (VP) space across Asia grow with its new Singapore-based platform set to launch in 2012. According to AVPN, experience, capital and knowledge exchange between its members can multiply social impact. Why does AVPN believe Asia is more than ready for VP and impact investing?

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Investments with a Conscience – IIX in SC Magazine

Durreen Shahnaz, Founder and Robert Kraybill, Managing Director of IIX were interviewed by Michael Switow for the July issue of SC Magazine on how impact investing and business innovation are leading the way as alternatives to philanthropy.

 

 

 

 

 

 

 

 

IIX/Shujog Founder Durreen Shahnaz Profiled in Youth Leader Asia

Durreen Shahnaz, the founder of Impact Investment Exchange and Impact Investment Shujog, was recently profiled for the magazine Youth Leader: the Asian Region. An excerpt:

Shahnaz has proven herself to be an incredibly determined individual:

As I like to say, you just have to say “you can’t do it” to me and I will set to prove you wrong….yes, there were many barriers but I always found ways to go around it. The most important thing is to believe in oneself and not give up.

To read more, click the link below:

Social Investment- Put your money where your heart is; Says Social Entrepreneur Durreen Shahnaz

 

 


 

Ecosystem Partners: Your opportunity to make an Impact is now!

Impact Investment Shujog (Shujog), as part of a program sponsored by Asian Development Bank, is conducting research focusing on the key players currently facilitating impact investments in Social Enterprises, as well as those interested in participating in this market.

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IIX and Mission Markets™ Announces Partnership – Press Release

NEW YORK AND SINGAPORE—Mission Markets™, which operates the first FINRA*- compliant marketplace for impact and sustainability investments, and Singapore-based Impact Investment Exchange Asia (IIX), whose mission is to provide Social Enterprises in Asia‐Pacific with access to impact investment capital, announce a strategic partnership which will broaden their geographic reach.

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Impact Investor Survey

Impact Investors: Share your insights & stand a chance to win a one-year Impact Partners membership valued at US$3500 here.

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Impact Partners on 938LIVE

Director of Impact Partners En Lee was interviewed by Singaporean radio station 938 last Tuesday, answering questions about the importance of impact investing and the launch of Impact Partners.

To listen to the interview, please click here. Investors and Social Enterprises can register with Impact Partners at www.impactpartners.iixglobal.com.

———–

Impact Partners is Asia’s first private platform for social enterprises and impact investors. Launched March 2011, Impact Partners is an exclusive network where investors are given access to business plans and introduced to social enterprises that are not listed on the Impact Exchange. This online platform is a dedicated matching service for investors interested in making private investments in pre-screened social enterprises that match their investment criteria. Unique to Impact Partners is the fact that the social enterprises would have been assessed on their social impact and financial capacity through a market readiness assessment framework so that investors can be assured of high-level access to a possible investment opportunity.

Impact Partners Launch – Press Release

Impact Investment Exchange Asia (IIX) Announces Launch of Impact Partners, Asia‟s First Private Placement Platform for Investment in Social Enterprises

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IIX’s Impact Partners has Launched!

IIX is proud to present Impact Partners, Asia’s first private platform for social enterprises and impact investors. Launched March 2011, Impact Partners is an exclusive network where investors are given access to business plans and introduced to social enterprises that are not listed on the Impact Exchange. This online platform is a dedicated matching service for investors interested in making private investments in pre-screened social enterprises that match their investment criteria. Unique to Impact Partners is the fact that the social enterprises would have been assessed on their social impact and financial capacity through a market readiness assessment framework so that investors can be assured of high-level access to a possible investment opportunity.

Check us out at www.impactpartners.asiaiix.com!

ADB symposium gathers social entrepreneurs

From the Nation:

The Asian Development Bank (ADB), Impact Investment Exchange Asia, and Thammasat University are jointly organising the Impact Forum for Social Change, Global Social Venture Competition, and Social Entrepreneurship Symposium, starting tomorrow at the Landmark Hotel in Bangkok.

More than 100 social entrepreneurs and representatives of governments, the business community, development agencies and research institutions will participate in the activities. Also involved are so-called impact investment groups – those seeking both financial and social returns.

According to the ADB, social enterprises offer huge potential for tackling socio-economic problems, such as lack of access to healthcare, education, housing, and micro-enterprise financing. Thailand boasts an emerging pool of dynamic social enterprises, and an even greater number of social entrepreneurs looking to start up new initiatives.

While many social entrepreneurs and enterprises are ready to boost their positive social impact, they require improved access to growth capital, capacity building, and market-relevant skills.

“Impact investors … are addressing the need for capital by committing resources to businesses considered socially and environmentally responsible,” the Manila-based bank said.

On the sidelines of this symposium, Thammasat University is also hosting its fourth annual Global Social Venture Competition – Southeast Asia. University students from seven countries have teamed up to join the competition and 10 finalists, including four Thai teams, will showcase their plans today.

Two Thai teams are from Thammasat’s IMBA (International Master of Business Administration) programme. One team, named “Smile Floss”, deals with the first organic silk floss in Asean to support local silk producers. DeepScan offers an innovative endoscope that can be used to detect cancer at the early stage and target low-income people.

I-AM, from Thammasat’s IBMP (Integrated Bachelor’s and Master’s Degree Programme), collects harmful by-products of the leather industry and turns them into leather board.

Indhan, the team from the Asian Institute of Technology, is a biogas system provider, aiming to reduce dependence on external energy among rural households in Nepal.

Social Enterprises Meet in Thailand to Address Challenges

Asian Development Bank Press Release

BANGKOK, THAILAND (3 March 2011) – Social entrepreneurs are generating business ideas to address social and environmental challenges in Thailand and around Asia. But they require greater financial support from impact investors to expand their ventures.

More than 100 social entrepreneurs and their supporters are gathering in Bangkok today and tomorrow to discuss the huge potential of social enterprises in improving lives through the power of the free market. They are convening as part of the combined Global Social Venture Competition, Social Entrepreneurship Symposium, and Impact Forum for Social Change.

Social entrepreneurs are persons who develop fresh business solutions to major social challenges. They tend to be ambitious and committed to developing and implementing ideas for wide-scale societal change. Social entrepreneurs work to solve problems by developing sustainable and market-based solutions to address perceived gaps in what government and charity organizations are doing.

“The Competition and Symposium provide the opportunity to engage social entrepreneurs who are changing the world with their energy and creativity,” said Edward Rubesch, Director of the IMBA Program at the Thammasat Business School. “These events showcase how social entrepreneurs are developing innovative solutions to today’s most pressing problems.”

One sponsor of the two-day program is Impact Investment Exchange Asia (IIX Asia), which is building the first social stock exchange in Asia. “A regional stock exchange serving social enterprises from Thailand and other developing Asian countries will link social enterprises in need of funding with impact investors who understand their business models and value their social mission,” said Durreen Shahnaz, the organization’s founder and chairperson.

Support for the combined program has also been provided by the Asian Development Bank (ADB). “Through its operations, ADB supports a vibrant private sector,” said Bart W. Édes, Director of ADB’s Poverty, Gender, and Social Development Division. “Social enterprises promote inclusive growth through their clever utilization of socially oriented business models. They are building from the grassroots up, and making their positive impact felt in communities across Thailand and beyond.”

Young social entrepreneurs, government representatives, and potential investors are gathering to explore how to boost the capacity of social enterprises in Southeast Asia. The overlapping events – which are open to the public – will highlight promising new initiatives, offer participants with a deeper understanding of impact investment, and explore the market readiness of social enterprises in Thailand.

ADB, based in Manila, is dedicated to reducing poverty in Asia and the Pacific through inclusive economic growth, environmentally sustainable growth, and regional integration. Established in 1966, it is owned by 67 members – 48 from the region.

Media Coverage of IIX’s Bangladesh Impact Forum

IIX Asia has just concluded its inaugural Impact Forum For Social Change in Dhaka, Bangladesh.  For more information, see the Forum link on our website.

“Social enterprises need financing from ‘impact investors’ that include a heterogeneous group like foundations, family offices, banks, pension funds and social investment to scale up their efforts, a discussion in Dhaka was told yesterday.
Impact investors are a group that eyes a social goal beyond merely returns in terms of profit…IIX Asia, a Singapore-based social enterprise, seeks to establish the region’s first social stock exchange to provide sustainable social enterprises from developing countries with the opportunity to raise capital through the stock market.”

– “Seminar Stresses Social Stock Exchange,” The Daily Star 1/11/11 (full article)

The recently concluded Impact Forum for social exchange co organized in Dhaka, Bangladesh by the Asian Development Bank (ADB) and Impact Investment Exchange Asia (IIX Asia) saw conclusions of social enterprises making a significant contribution towards inclusive economic growth and providing opportunities to the poor of the Asia and Pacific region…

The one-day forum saw 60 participants gather together from the government, development agencies, social enterprises, and impact investors, as well as experts in capital market development and resource mobilization. It was aimed at providing participants with a deep insight of impact investment, impact measurement, and the market readiness of social enterprises in Bangladesh and other areas of the Asia and Pacific region.

– “Impact Forum for Social Exchange Organized in Dhaka,” Microfinance Focus 1/13/11 (full article)

IIX to Host Impact Forum for Social Change in Bangladesh

Pan Pacific Sonargaon
Dhaka, Bangladesh

Impact Investment Exchange Asia (IIX), in cooperation with the Asian Development Bank (ADB), is hosting the Impact Forum for Social Change on January 10th, 2011, in Dhaka, Bangladesh. The forum will inform social enterprises about the various alternatives to raising investment capital, as well as developing their understanding of the requirements that social enterprises must meet to raise investment capital through a social stock exchange or otherwise. Participants will be introduced to the impact investing movement, impact measurement tools, and reporting standards. The Impact Forum will be feature prominent speakers from the Social Innovation space, including Dr. Alex Nicholls (Oxford University) and Margot Brandenburg (Rockefeller Foundation). Notable names from the field of social venture finance and private equity will also be present. The forum will aim to bring together participants from the government, development agencies, SEs in Bangladesh, impact investors and ecosystem players.

For more information about covering this event, please contact Mr. Alvin Loke.

IIX & Shujog Host December Impact Chat Today!

About our Panelists:

Dr. Patricia Tan Shu Ming:  Director of the Como Foundation, the corporate philanthropy arm of the Como Group. The foundation focuses on NGOs and social enterprises that address issues of income generation, education and skills development for at-risk women and girls in developing countries. Ming’s career has focused on two areas: cooperation between the public and private sectors for social good, and the role of ideas and values in shaping corporate identity.  In the area of public/private cooperation, Ming’s academic interests have focused on institutions charged with shaping public understanding of abstract issues such as science, technology, and ethics.  Ming obtained her bachelors and masters degrees from Stanford University and her doctorate from Oxford University. She was Singapore’s Rhodes Scholar for 1997.

Ms. Jenny Santi:  Head of Philanthropy Services, Southeast Asia at UBS AG. At UBS, Jenny is involved in the development of the overall strategy for some of Asia’s newest foundations; and has played a key role in delivering the UBS Philanthropy Forum twice in Singapore, a landmark event which convenes over 250 global philanthropists and leaders of civil society.  Formerly a tv presenter and university lecturer, she is a frequent media commentator on the topic of philanthropy in Asia. Jenny did her MBA at INSEAD and at Wharton, with a special focus on marketing and social entrepreneurship.

Dr. Ting Hway Wong:   General Surgeon, Singapore General Hospital.  She previously worked on the ground in Angola as a volunteer through Doctors Without Borders and is the first Singaporean to work as a medical delegate for the International Committee of the Red Cross.  Dr. Wong is a 2007 Lee Kwan Yew Scholar, a 2009 Asia Society ‘Asia 21 Fellow’ and after obtaining her medical degree from Cambridge, she also received her Masters in Public Health from John Hopkins University.

IIX’s YouTube Debut: October Impact Chat – “Pakistan: Growth After Recovery”

Impact Investment Exchange (IIX) presents the Impact Chat series: a monthly discussion series that invites leading experts and innovators to discuss the newest developments from the social enterprise and impact investing field.

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IIX and Shujog Host Third Impact Chat

Impact Investment Exchange (IIX) and Impact Investment Shujog (Shujog) opened its office doors Thursday evening, November 11th, to host its third monthly Impact Chat.

This month’s topic, “Investing for Impact” focused on the growth and challenges in the impact investing sector of Asia from the investor’s perspective.  Impact Chat invited Mr. Oscar Moreno, founder and chairman of Qi Global and Mr. Christian Luetkehaus, managing director and partner of Portelet to speak about how their social philosophies influence their investment philosophies.

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This Week’s TED Fellows Talk | Durreen Shahnaz

Earlier this year, IIX Founder Durreen Shahnaz was selected to be a 2010 Ted Fellow, joining a group of “outstanding individuals who have shown unusual accomplishment, exceptional courage and moral imagination.” At TED, the Fellows share their work on the conference stage; these talks are recorded and shared online, free to the world.

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IIX at NUS’s Social Entrepreneurship Symposium next Thursday

For more information about this event, please visit the symposium website.

Durreen Shahnaz speaks about “Defiant Optimism” at Wharton Business School

On Tuesday, November 5, IIX Founder and Chairperson Durreen Shahnaz took a break from a busy conference schedule in New York to speak at her alma mater, the Wharton School of Business at the University of Pennsylvania. She presented the story behind IIX, and how the right combination of defiance and optimism can revolutionize how capital markets can be used for social good.

Read a recap at The Daily Pennsylvanian, Penn’s undergraduate independent student newspaper: “For alum, optimists can make a profit.”

IIX Featured in Belgian Newspaper, “De Tijd”

Durreen Shahnaz, IIX Founder and Chairman, was interviewed by writer Lisa de Bode for “De Tijd,” (The Times), a business and economics daily newspaper in Belgium.

Read the English translation of the Dutch article below – another great example of how IIX is garnering attention across the world through its unique business model.


“The world’s first exchange for social enterprises will open in Singapore”
(translated by Magnus Young)

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Second Impact Chat at the IIX Office!

The second official IIX Impact Chat,”Pakistan:Growth After Recovery,” was  held at the IIX Singaporean office on October 14, 2010. Featured speakers included Pakistani High Commissioner Fauzia Mazhar Sana and Professor Mahboob Mahmood of the INSEAD School of Business.

IIX Impact Chats are a monthly discussion series focused on advancing and broadening the themes around impacting investing and social enterprise by creating a space where industry and thought leaders can come together to share their latest developments and ideas.

This month’s discussion, sponsored by Corum, focused on the rebuilding of Pakistan and the role social enterprise and innovation has taken in helping empower its people through this crisis.

Top: Durreen Shahnaz, IIX Founder and Chairman.

Bottom: Pakistani High Commissioner Fauzia Mazhar Sana and Professor Mahboob Mahmood of INSEAD.

For more photos, view the entire album on our Facebook page. All photos are property of our photographer, Sir Michael Culme-Seymour. Many thanks to MCS Lifestyle Photography for taking documenting this wonderful event for us (www.mcslifestylephotography.com).

Durreen Shahnaz and IIX featured in the Smith Alumnae Quarterly

Cover Photo for Smith College's feature on Durreen Shahnaz

Durreen Shahnaz‘s alma mater, Smith College, covers Durreen’s work with IIX in their Fall 2010 Alumane Quarterly for their “Alumane on Our Radar” feature.

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Durreen Shahnaz featured on 938LIVE’s “Passion People” Series

Devika Misra of MSN’s 938LIVE’s second interview with IIX founder Durreen Shahnaz, this time for  “Passion People,” a podcast series that features inspirational figures from writers, to musicians, to innovative business executives.

She understood the importance of Bangladesh’s Grameen Bank long before the world woke up to the power of micro finance. Now she is looking at financial markets once again…to make a meaningful social impact. Durreen Shahnaz is the founder of the Singapore based, Impact Investment Exchange. Its mission is to rid social enterprises of their dependence on philanthropy.

Listen to the podcast, ”Durreen Shahnaz,” here.

IIX featured on 938LIVE’s News Analysis Podcast

Devika Misra of MSN’s 938LIVE interviews IIX founder Durreen Shahnaz for the series “News Analysis.”

“Singapore has two trading exchanges- one for stocks and shares and another for commodities. But could it soon have a third platform ? One with a difference… An exchange thats not purely financial. One that aims to bring about social betterment.”

Listen to the podcast, “Social Exchange,” here.

IIX Presents at “Capital Markets for Social Good,” Hosted by 85 Broads

On September 5, IIX’s Mona Sinha and Natalie Williams will present the mission and future of the Impact Investment Exchange to the Hong Kong chapter of 85 Broads, a global network that focuses on investing in women’s opportunities. See below for event details.

The 85 Broads Hong Kong Chapter

· presents ·

Sunday Brunch Speaker Series:

Capital Markets for Social Good

Join us on September 5 to learn about Asia’s first social stock exchange during our exclusive Sunday brunch at Spuntini, while meeting new and old friends from 85 Broads. Impact Investment Exchange (IIX) will be a trading platform and an efficient capital-raising mechanism for social enterprises in Asia.

Mona Sinha and Natalie Williams from IIX will be our speakers, and will discuss the mission and latest developments of IIX, their experiences with the organization, and opportunities to be involved.

Impact Investment Exchange (IIX)

IIX is a social enterprise with a social mission: to provide social enterprises in Asia with greater access to capital, allowing them to more rapidly expand the impact of their activities. IIX will focus on social enterprises doing valuable work in fields such as clean technology, social market initiatives, education, health care and microfinance. IIX will connect social enterprises with impact investors seeking to achieve both a social return and an economic return while providing capital to fund innovative social businesses.

Speaker Bios

Mona Sinha is the Director of Strategic Initiatives of IIX. She advises and provides leadership to organizations focused on women, human rights and education, in areas of brand building, strategic planning and fundraising. Mona began her career as an investment banker at Morgan Stanley, followed by marketing at P&G and Unilever. Most recently, she worked on a project for Goldman Sachs Asia on the development of Asian leadership. She holds a BA from Smith College and an MBA from Columbia University. She currently is an advisor to Smith College and an Advisory Director to Breakthrough, a human rights organization based in the US and India.

Natalie Williams advises IIX on legal and policy issues. Natalie served in the New York State Attorney General’s Office as the Chief of the Civil Rights Bureau and Deputy Bureau Chief. From 1995-96, Natalie served as an Associate Counsel to President Clinton in the Office of the White House Counsel. She was a senior litigation associate at Debevoise & Plimpton where she worked on commercial litigation, products liability, international arbitration and securities fraud matters. Natalie is a graduate of Cornell University and Yale Law School. 

Location: Spuntini, Shop A, G/F,

No. 4-6 St Francis Street,

Wanchai, Hong Kong

(MTR Station: Pacific Place)

Date: Sunday, September 5
Time: 12:00 – 2:00pm
RSVP: 85broadshongkong@gmail.com
Fee: HK$220 for members

HK$250 for non-members

Setting the Wheels of “Qllaboration” in Motion

Asia IIX Founder Durreen Shahnaz, Aidha President Sarah Mavrinac, and Carbon Conservation CEO Doriee Sun participate in a conversation hosted by Nobel Peace Prize Laureate and Timor Leste President Jose Ramos–Horta.

The four will be the main speakers for Qi Global’s 2010 conference: The Annual Asian Summit for Sustainable Innovation, to be held in Singapore on 8-9 October, 2010.

Pre-Summit Qllaboration from Qi GLOBAL on Vimeo.

Ted Interview with Durreen Shahnaz

Durreen Shahnaz, founder and chairman of Impact Investment Exchange spoke to TED about her experiences from Wall Street to Grameen Bank and what propelled her next project: a stock exchange for socially conscious companies. You can read more at http://blog.ted.com/2010/07/30/fellows-friday-with-durreen-shahnaz/

GSVC – Social Entrepreneurship Symposium

Durreen Shahnaz, Founder and Chairman of Impact Investment Exchange Asia, spoke at the GSVC Symposium on 19th March in Bangkok. Click on the following link to listen to the talk:  http://is.gd/aRt3z.

Prestige Interview with Durreen Shahnaz: Power To Impact

We expected the usual power suit, but Durreen Shahnaz, the founder and chairperson of what is to be a new stock exchange come 2011, is wearing a vegetable dyed sari instead. Its material so light and supple, it flutters in the breeze. The image is powerful. The ex-investment banker and high flying media exec turned entrepreneur is, indeed, the face of a kinder and more conscious form of capitalism. Her Singapore-based Impact Investment Exchange (IIX) — Asia’s first social stock exchange — will be a capital market for social good. It is a lofty goal, but Shahnaz has never known how to aim for anything less.

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business.outlookindia.com | “We Will Take The Risks That Investors Cannot Afford To”

A radically new form of social investment, championed by the century-old Rockefeller Foundation, the much younger Bill and Melinda Gates Foundation, and even financial powerhouses like Citigroup, is gaining followers. Antony Bugg-Levine, Managing Director of the US-based Rockefeller Foundation, shared with Naren Karunakaran ideas about the changing landscape of the philanthropic world.

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Social Enterprise in Asia: Context and Opportunities

Asia is the birthplace of several successful and large Social Enterprises (SEs) such as Grameen Bank, BRAC and PDA. While extensively covered in the media, these entities are the exception rather than the norm. These SEs were, and some remain, lucky to receive unquestioned government and donor support. Not all the SEs in Asia is in the same position. Unfortunately most of the SEs are mid-sized; with neither have the unlimited access to capital nor the required recognition of their impactful work. At the same time, SEs in Asia operate within contexts that, while impossible to generalise across the whole region, provide some unique opportunities for growth.

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Rockefeller Foundation Awards Grant to Impact Investment Exchange (Asia)

SINGAPORE – Jan. 18, 2010 – The Rockefeller Foundation has awarded a US$495,000 project support grant to Singapore-based Impact Investment Exchange (Asia) Pte. Ltd. (IIX), which is creating Asia’s first social stock exchange.  The grant will support research and proof-of-concept analysis that IIX will undertake prior to launch of its exchange.

The Foundation made the grant as part of its Impact Investing work to help facilitate the development of necessary infrastructure for the social capital markets and to promote the availability of capital for Social Enterprises.

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WhartonConnect Interviews IIX Founder Durreeen Shahnaz

Durreen Shahnaz, WG’95

As Wharton’s first Bangladeshi alumna, Durreen Shahnaz, WG’95, strives to make her alma mater proud – and to make an impact as a social entrepreneur and professor.

What is your occupation?
I wear two hats: one as a social entrepreneur and the other as a professor. I am the Founder and Chairperson of Impact Investment Exchange—a social stock exchange in Asia. Additionally, I am Associate Professor and Head of Programme on Social Innovation and Change at the Lee Kuan Yew School of Public Policy at the National University of Singapore.

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IIX in the News in Italy

http://novareview.ilsole24ore.com/articoli/35594

economia della conoscenza

Un mercato di buone idee

Una crescita economica responsabile

di Giorgio Fiorentini e Cesare Vitali*

La Social Stock Exchange o Borsa Sociale è un mercato azionario ed obbligazionario per la quotazione di imprese sociali siano esse profit che non profit. Per creare un beneficio sociale ed economico rilevante per qualsiasi territorio e sistema paese.

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IIX Founder Delivers Keynote Address at India’s Stree Shakti Awards

Durreen Shahnaz, founder and chairperson of Impact Investment Exchange Asia, was the keynote speaker on December 12 at the Annual Stree Shakti Awards and book launch by Minister of Tourism Kumari Selja in New Delhi, India.

Stree Shakti-The Parallel Force, is a platform for the convergence of grassroots efforts, scientific research, creative ideas and enterprise and a collective voice of women seeking justice and equality.

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IIX Founder Durreen Shahnaz Selected as TED Fellow

Durreen Shahnaz, the founder and chairperson of Impact Investment Exchange Asia, was named a 2010 TED Fellow  in recognition of her work with IIX. TED is a nonprofit organization devoted to “Ideas Worth Spreading.”

Shahnaz is among the 25 global TED Fellows who will participate in TED2010, the annual conference Feb. 9-13, in Long Beach, California, which invites the world’s leading thinkers and doers to speak and then makes their talks available at TED.com.

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Steady Returns With Social Impact

In today's volatile markets, investors are looking for new ways to capture returns while managing risk. The little secret of this past year's capital crisis is that while many mainstream investments incurred significant losses in value, one category remained steady--with some investors significantly outperforming the mainstream market. It's called impact investing.

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Brace for Impact

The new industry of impact investment has the potential to become the best way of addressing global challenges

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Programme on Social Innovation and Change Presents “Measuring Social Impact” Research Project

The Programme on Social Innovation and Change (PSIC), headed by Professor Durreen Shahnaz, introduced a research project on “Measuring Social Impact” on October 7, 2009. The workshop included  the ecosystem of social investing — a group of investors, lawyers, government officials, academics, and representatives from rating agencies and social enterprises.

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A place in society

Sep 25th 2009 | NEW YORK From The Economist print edition

You might suppose that financial innovation had done enough damage. But bankers, investors and philanthropists believe it can help the world’s poor

MANY nodded when Lord Turner, the City of London’s chief regulator, said recently that the financial industry had grown “beyond its socially useful size”. The idea that devices such as collateralised debt obligations and credit-default swaps have been a blessing, not least by allowing the less well-off to buy houses, is in tatters: lots of those new homeowners have lost their houses as well as their jobs. It is remarkable, then, that the crisis should have given fresh impetus to “social finance”, a movement based on the belief that financial innovation can be used directly to help society’s neediest people.

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IIX Asia Presents Plans for Asian Social Stock Exchange at SoCap09

Impact Investment Exchange Asia (IIX) introduced its plans to create Asia’s first social stock exchange at SoCap09, the pioneering global conference for the social capital markets held September 1-3 in San Francisco.

More than 800 delegates representing all aspects of the emerging social capital markets attended the conference. They included social venture capitalists, foundations, investment advisors, social enterprises, community organizations and government agencies. Sonal Shah, who was appointed this year by US President Barack Obama as director of the newly created White House Office of Social Innovation, gave the keynote address.

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Kinara Capital Secures INR 52 Crores from IIX’s Women’s Livelihood Bond Series for HerVikas Discounted Loan Program for Women Entrepreneurs – IT News Online

Kinara Capital, a leading socially responsible fintech driving MSME financial inclusion, today announced securing INR 52 crores from Impact Investment Exchange (IIX) for the advancement of women entrepreneurs in India. This sustainable investment fund will be disbursed via Kinara Capital’s established HerVikas discounted loan program to an estimated 2500+ women-owned small businesses. The expected impact of the partnership between IIX and Kinara Capital will generate an incremental income of INR 320 crores for women entrepreneurs. READ MORE

Kinara Capital Secures INR 52 Crores from IIX’s Women’s Livelihood Bond Series for HerVikas Discounted Loan Program for Women Entrepreneurs – Lokmat English

Kinara Capital, a leading socially responsible fintech driving MSME financial inclusion, today announced securing INR 52 crores from Impact Investment Exchange (IIX) for the advancement of women entrepreneurs in India.  READ MORE

Kinara Capital Secures INR 52 Crores from IIX’s Women’s Livelihood Bond Series for HerVikas Discounted Loan Program for Women Entrepreneurs – Yahoo News

Kinara Capital, a leading socially responsible fintech driving MSME financial inclusion, today announced securing INR 52 crores from Impact Investment Exchange (IIX) for the advancement of women entrepreneurs in India. This sustainable investment fund will be disbursed via Kinara Capital’s established HerVikas discounted loan program to an estimated 2500+ women-owned small businesses. The expected impact of the partnership between IIX and Kinara Capital will generate an incremental income of INR 320 crores for women entrepreneurs. READ MORE

Indian fintech firm Kinara Capital bags $7m in funding for women entrepreneurs – Tech In Asia

Kinara Capital, a fintech company that provides loans to micro, small, and medium enterprises, announced it has secured 520 million rupees (US$7 million) in investment from Impact Investment Exchange (IIX).

Founded in 2011, Kinara Capital is a non-banking financial company that propels the financial inclusion of small entrepreneurs through collateral-free business loans.

It launched its HerVikas business loans program in March last year to accelerate the financial inclusion of women entrepreneurs in India. The program enables their “vikas” or progress with an automatic upfront discount of 1% on interest costs on collateral-free business loans between 100,000 rupees (US$1,363.2) and 3 million rupees (US$40,898.6). READ MORE

Kinara Capital secures Rs 52 Cr from Impact Investment Exchange for women entrepreneurs – Your Story

Small business lender Kinara Capital on Monday announced securing Rs 52 crore from Impact Investment Exchange (IIX) for the advancement of women entrepreneurs in India. This investment fund will be disbursed via Kinara Capital’s established HerVikas discounted loan programme to an estimated 2,500+ women-owned small businesses.

The HerVikas programme enables ‘her progress’ with an automatic upfront discount of one percent on interest costs on fast, collateral-free business loans in the range of Rs 1 lakh to 30 lakh. The discounted loan programme for women-owned MSMEs is available in 90+ cities across the states of Andhra Pradesh, Gujarat, Karnataka, Maharashtra, Tamil Nadu, Telangana, and Puducherry (UT). READ MORE

Kinara Capital secures INR 52 crore for HerVikas program – Big News Network

Bangalore (Karnataka) [India], March 8 (ANI/BusinessWire India): Kinara Capital, a leading socially responsible fintech driving MSME financial inclusion, today announced securing INR 52 crores from Impact Investment Exchange (IIX) for the advancement of women entrepreneurs in India.

This sustainable investment fund will be disbursed via Kinara Capital’s established HerVikas discounted loan program to an estimated 2500 women-owned small businesses. The expected impact of the partnership between IIX and Kinara Capital will generate an incremental income of INR 320 crores for women entrepreneurs. READ MORE

Women and sustainable finance: fuel for the engine of COVID recovery – The European Sting

An alliance of 84 global leaders have convened since April 2020 under the World Economic Forum’s COVID-Response Alliance. Their aim? To harness the resources and collective strengths of the public and private sectors, in a bid to ensure that the world responds effectively to underserved communities.

Together with members ranging from Impact Investment Exchange (IIX) to Salesforce and the USAID Center for Innovation and Impact, the Alliance launched a 2021 Roadmap during the Davos Agenda that will drive critical resources – both financial and non-financial – for social entrepreneurs who are advancing inclusive recovery around the world. READ MORE

Kinara Capital Secures INR 52 Crores from IIX”s Women”s Livelihood Bond Series for HerVikas Discounted Loan Program for Women Entrepreneurs – Outlook India

Kinara Capital, a leading socially responsible fintech driving MSME financial inclusion, today announced securing INR 52 crores from Impact Investment Exchange (IIX) for the advancement of women entrepreneurs in India. This sustainable investment fund will be disbursed via Kinara Capital’s established HerVikas discounted loan program to an estimated 2500+ women-owned small businesses. The expected impact of the partnership between IIX and Kinara Capital will generate an incremental income of INR 320 crores for women entrepreneurs. “The investment from IIX’s Women’s Livelihood Bond Series in our HerVikas program brings fresh impetus to the need of financial inclusion of women entrepreneurs. Empowering women has a strong impact on improving the quality of life for families and achieving gender parity can add 27% to India’s GDP,” said Hardika Shah, Founder & CEO, Kinara Capital.  READ MORE

Kinara Capital Secures INR 52 Crores from IIX’s Women’s Livelihood Bond Series for HerVikas Discounted Loan Program for Women Entrepreneurs – Business Wire India

Kinara Capital, a leading socially responsible fintech driving MSME financial inclusion, today announced securing INR 52 crores from Impact Investment Exchange (IIX) for the advancement of women entrepreneurs in India. This sustainable investment fund will be disbursed via Kinara Capital’s established HerVikas discounted loan program to an estimated 2500+ women-owned small businesses. The expected impact of the partnership between IIX and Kinara Capital will generate an incremental income of INR 320 crores for women entrepreneurs. READ MORE

16 WOMEN Restoring the Earth – Landscape News

And there begins the creation story of the Impact Investment Exchange (IIX) and IIX Foundation, founded by Shahnaz, which went on to create many world firsts: the world’s first social stock exchange, the world’s first gender lens impact measurement methodology, Asia’s first and largest crowdfunding platform for impact investing (Impact Partners), and an entirely new asset class called the Women’s Livelihood Bond Series. READ MORE