Women Investing in Women Initiative Surpasses $20 Million Goal

Women Investing in Women Initiative Surpasses $20 Million Goal

The Calvert Foundation in Bethesda, Maryland, has announced that it has surpassed more than $20 million in loans made through its Women Investing in Women Initiative.

Launched on International Women's Day in 2012, the initiative has pursued two goals — to lend $20 million to organizations that empower women through affordable housing, access to finance, health care, education, and environmental stewardship; and to help others make impact investments in women. To date, more than eight hundred individual and institutional investors have invested between $20 and $10 million through the initiative.

The foundation is in the process of developing a strategy for the next iteration of WIN-WIN, which will likely launch in 2015 with a focus on the clean energy sector and its potential to create measurable benefits to women at the bottom of the pyramid.

"We created WIN-WIN in response to what we saw in the investing marketplace — a real desire for an investment that directly supports women — and what we saw in our own lending portfolio: that many of our borrowers empower women through their programs and just weren’t receiving recognition for that," said Calvert Foundation president and CEO Jennifer Pryce. "WIN-WIN touched investors on a very tangible level. Our investment acts as a tool that they can use to express their interest and support for women."