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.
Since you are interested in Impact Investing, have you read these selections from Giving Compass related to impact giving and Impact Investing?
Looking for a way to get involved?
Learning with others and benchmarking are key steps towards becoming an impact giver. If you are interested in giving with impact for Diseases and Cures, take a look at these events, galas, conferences and volunteering opportunities to connect with individuals like you.
Are you ready to give?
In addition to learning and connecting with others, taking action is a key step towards becoming an impact giver. If you are interested in giving with impact for Diseases and Cures take a look at these Giving Funds, Charitable Organizations or Projects.