by Christian Choconta
on September 03, 2021
Our borrower, the eco.business Fund, is a fund focused on promoting business and consumption practices that contribute to biodiversity conservation, the sustainable use of natural resources, and climate change mitigation and adaptation. The fund concentrates on the following four types of sustainable activities: Agriculture and agri-processing, fishery and aquaculture, forestry, and tourism. Its current geographical scope is Latin America, the Caribbean, and sub-Saharan Africa.
In recent years, Ecuador has become one of the world's most dominant shrimp producers. Between 2010-2020, the Ecuadorian shrimp sector has grown fivefold to $3.6 billion, and today Ecuador is the world's second-leading exporter of shrimp. As Ecuador's shrimp sector grows, so does the importance of sustainable shrimp farming practices – not only to Ecuador's economy, but to its environment and ecosystem.
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by Amanda Joseph
on August 11, 2021
Faith institutions, and their leaders, are among the true pioneers of impact investing. Over the decades, Calvert Impact Capital has had the privilege of partnering with faith institutions--including congregations, churches, healthcare systems, mutual funds--as they fulfill their traditions, serve our most vulnerable and disenfranchised communities with dignity, and create a more just and sustainable world through their investments.
The Faith Investor Profiles series, seeks to showcase the impact investing journeys, glean insights from leaders across faith communities, and inspire other faith investors to engage in impact investing
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by Amanda Joseph
on July 28, 2021
Calvert Impact Capital is delighted to share our new publication: "Building an Impactful Faith Portfolio: A Foundational Guide to Impact Investing for Faith Institutions." This guide is written for faith institutions and their financial decision makers—chief investment officers, finance staff, investment committee members, and financial professionals – seeking to incorporate impact investments into their portfolios. We highlight the key steps and considerations, which include establishing an Impact Strategy and integrating it into investment policies and due diligence/sourcing questions. The guide includes many resources and examples from fellow faith investors and impact experts.
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by Jennifer Pryce
on July 26, 2021
At Calvert Impact Capital, we are driven by the belief that investing can create a more equitable and sustainable world. To realize that belief, we are always striving for innovative and collaborative ways to move investor capital more effectively to the communities that need it. As we do this, we keep one fundamental question at the front of our minds: How can we leverage our market position and resources with others to help build the infrastructure for capital to move quickly where it is needed?
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by Beth Bafford
on July 19, 2021
Calvert Impact Capital is proud to join the Washington State Department of Commerce and a coalition of financial institutions and community-based organizations to announce the Small Business Flex Fund, a public-private partnership aimed at helping Washington small businesses and nonprofits – particularly those in low-income communities – recover and grow as communities across the state reopen for business. Calvert Impact Capital serves as the lead arranger of the fund.
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by Jennifer Pryce
on July 15, 2021
Calvert Impact Capital, an impact investor dedicated to creating a more equitable and sustainable world, has appointed four new board members with expertise in global sustainable finance to strengthen its bold, urgent action on climate solutions, racial and gender equity, and access to opportunity
Our work at Calvert Impact Capital is anchored in the knowledge that to leverage our financial system to address intractable global challenges, we must think bigger, move faster and work together to transition near-term needs into long-term solutions. That's why we are thrilled to announce the appointment of four talented women to our Board of Directors: Meesha Brown, Jennifer Isern, Fern Thomas, and Deborah Burand.
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by Caitlin Rosser
on July 06, 2021
For Glenco Woodworking Machinery, a small business based on Sarasota, FL, a PPP loan from our borrower CRF was a lifeline for survival, not only for owners Dana and Vlad Moise, but for the company's customers throughout the country.
When the PPP loan was announced by Congress, many businesses – particularly those owned by women and people of color – found themselves shut out of the process due to a lack of information and access to the program through traditional financial institutions. Our borrower, Community Reinvestment Fund, USA (CRF), sought to do something about it. Founded in 1988, CRF is a national nonprofit organization with a mission to empower people to improve their lives and strengthen their communities through innovative financial solutions. As a leading Community Development Financial Institution (CDFI), CRF supports mission-driven organizations through the development of products and services aimed at increasing the flow of capital to historically underinvested communities across the country.
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by Caitlin Rosser
on June 28, 2021
The 2021-2023 Advisory Board for the Operating Principles for Impact Management.
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by Beth Bafford
on June 23, 2021
Kyle Savage, executive director and founder of Shining Studios Theater, used a new type of CDFI-based loan to take his afterschool theater program outdoors during the summer and fall of 2020, and online over the winter. (Image courtesy of Shining Studios Theater)
During the pandemic, Community Development Financial Institutions (CDFIs) stepped up to deliver desperately needed relief to hard-to-reach small business owners. While their efforts highlighted their potential to reach those most in need, it also highlighted the challenges that keep them from effectively addressing financial inclusion at scale. I joined Patrick Davis, Community Reinvestment Fund's (CRF) Vice President of Program Strategy and Development, to explain how we can rethink community finance for Stanford Social Innovation Review. You can read our article here.
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by Leigh Pomerantz
on May 04, 2021
Members of the Asociación Administradora de Acueducto Agua Saludable de Guayapa, Catholic Relief Services, and Azure test out the recently expanded pumping station in Jujutla. Photo Credits: Silverlight for CRS
Our borrower, Azure Source Capital (ASC), mobilizes capital and technical expertise to upgrade and expand water services for under-served urban and peri-urban communities of El Salvador. ASC provides capital to local financial institutions (rural banks and credit cooperatives) to on-lend to water service providers. Its technical services partner, Azure Technical Services, provides engineering services and training to water service providers and facilitates loans between local financial institutions and water service providers.
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