NextBillion - An Initiative of the William Davidson Institute at the University of Michigan

Thursday, September 25, 2014

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.

Over 12 months, IIX will develop a pipeline of potential WIB borrowers: revenue-generating organizations with proven impact to women’s lives, clear intention to scale, and capital requirements, accompanied by viable bond-repayment streams. IIX will then support these borrowers by structuring the WIB according to their capital needs and sources of repayment, defining a risk layering strategy, and developing a comprehensive impact measurement framework.