What is Giving Compass?
We connect donors to learning resources and ways to support community-led solutions. Learn more about us.
The loan fund launched earlier this year to help social enterprises gain access to debt and credit.
It extended a small loan to Mexico, which launched in 2010 to offer affordable home solar systems to Mexico’s three million citizens living off the electricity grid.
The secured, five-year loan will help Iluméxico provide credit to low-income women to buy the refrigerators for their shops. The company has installed 10,000 solar panels and has expanded its range of products to include “productive use” technologies like solar-powered refrigerators for small businesses.