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A "first-of-its-kind impact investing network" in the Philippines is putting its money where its mouth is, in the form of collateral-free loans to women-led social and environmental businesses.
The Impact Pioneers Network has opened its doors to early-stage impact enterprises in the country that address "urgent social and climate challenges," the group says in a press release.
The loans are available to women-owned or led businesses that create "direct social or climate impact," with a focus on reducing plastic pollution and boosting agricultural productivity.
"These enterprises provide real hope in the development of our country," says Raymond Serios of Dungganon Bank, one of the network's partners.
Agro-Digital PH, a digital platform that empowers farmers, says the loan will help it expand its farmer network and improve agricultural productivity.
Magnus Renewable Tech Corp., meanwhile, plans to install solar energy systems in communities across the country.
"By unlocking crucial financing to impact enterprises like Magnus Renewable Tech Corp., Agro-Digital PH, and Suds Sustainable Pods, the Network and our partners aim to accelerate sustainable development and empower communities nationwide through innovative solutions," says Priya Thachadi of Villgro Philippines, one of the network's co-managers
Selected Grant News Headlines
A customized collection of grant news from foundations and the federal government from around the Web.
Foundation: Susan Thompson Buffett Foundation, Gates Foundation
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Foundation: Heinz Endowments, Richard King Mellon Foundation
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The World Bank is calling for urgent action to help small island developing states (SIDS) deal with the effects of climate change as leaders from the nations meet in Antigua this week. The bank's...more
Fast fashion is here to stay, at least according to a new report from the European Commission, which notes that by 2050, the fashion industry is expected to be responsible for more than one-third of...more
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Nonprofit Management News from...
Susan Thompson Buffett Foundation
Gates Foundation
Heinz Endowments
Richard King Mellon Foundation
Kentucky Foundation for Women
Logan Healthcare Foundation
Case Foundation
Northern New York Community Foundation
Ontario Trillium Foundation
Greater Manhattan Community Foundation
Social Entrepreneurship
Spotlight
Philanthropy as Key Enabler to Work on ‘Wicked Problems’
Australia’s Melbourne City Mission Chief Executive Officer Ric Holland writes how philanthropy can act as an enabler on many levels.
