Get ready for the Women's Livelihood Bond 4 Part of the US$150M Women's Livelihood Bond Series

Women's Livelihood Bond 4

In the face of a new norm and the COVID-19 economic downturn, the onus is on us to make financial markets work for the 99%. With three successful issuances to date, we’ve proven that the Women’s Livelihood Bond™ (WLB) Series is replicable, scalable and COVID-Resilient. Join us as we bring the WLB Series to the rest of the Global South, with the world’s first intercontinental WLB4.

Supporting 180,000 women
Women's Livelihood Bond 3
to become COVID-Resilient

Women’s Livelihood Bond 3, the third issuance in the Women's Livelihood Bond Series

The Women’s Livelihood Bond 3 (WLB3) dared to do the unimaginable—it unlocked US$27.7 million from capital markets for underserved women, all in the midst of a global pandemic. 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.

Bringing 250,000 women to capital markets
Women's Livelihood Bond 2

Women’s Livelihood Bond 2, the second issuance in the Women's Livelihood Bond Series

In January 2020, IIX successfully closed the US$12 million Women’s Livelihood Bond 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 winner of the 2019 UN Climate Action Award and the P4G State-of-the-Art Partnership of the Year Award.


Women's Livelihood Bond 1 Empowering 385,000 women with sustainable livelihoods

Women's Livelihood Bond 1, the first issuance in the Women's Livelihood Bond Series

The Women’s Livelihood Bond 1 is an award-winning US$8.5 million bond for impact enterprises to grow their businesses and scale social impact. It is the world’s first listed bond with dual focus on financial and social returns, empowering the lives of over 385,000 women in Southeast Asia.

IIX monitors the borrowers’ social performance, including calculating their Social Return on Investment (SROI).

How the Bond Works

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WLB™ is structured to create a “basket” (Special Purpose Vehicle- SPV) of Impact Enterprise issuers. Through that SPV, WLB™ raises funds from investors seeking financial and social returns.


Proceeds from the bond are lent to the basket of Microfinance Institutions and Impact Enterprises whose activities benefit women


Microfinance Institutions and Impact Enterprises are better able to serve women beneficiaries and improve their access to finance, essential goods, income-generating assets and vocational training

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Women effectively transition from rural subsistence living towards sustainable livelihoods – through access to credit, market linkages and affordable goods.

On the Ground with WLB1

“Before getting a loan, I had challenges providing for my children’s daily allowance when they go to school as well as financing my family’s livelihood from sugarcane farming. [With the support from the WLB1], it became easier to borrow money as long as you are a good payer and you work hard to earn.”  —Gina
The WLB1 empowers underserved women by enhancing access to finance, income-generating assets, and skills so that they can invest in themselves and their families’ long-term wellbeing. In the case of Gina from the Philippines, sending her children to school was not an affordable option until she received a loan funded by the WLB1, and was able to finance her children’s future.

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