The Calvert Foundation recently reported that it has achieved $100 million in sales of its Calvert Community Investment Notes. This investment option, which seeks to mobilize capital for both financial and social returns, was the first instrument of its kind.
The Community Investment Notes allow investors to earn a set return of 0-3% while using their capital to support microcredit and small business loans endeavors, as well as affordable housing and other community development efforts. Proceeds from the Community Investment Notes fund a portfolio that includes 200 non-profit organizations in all 50 US states and 100 countries.
Continue reading “Microfinance Investor Calvert Foundation reaches Milestone”
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