Calvert Foundation Launches Campaign to Advance Women's Economic Empowerment
Calvert Foundation Launches Campaign to Advance Women's Economic Empowerment
The Calvert Foundation has announced the launch of the Women INvesting in Women INitiative (WIN-WIN), which will invest at least $20 million in high-impact organizations and projects worldwide that create opportunities for women lacking access to traditional credit and funding sources.
Women represent nearly half the nation's top wealth holders and control some $20 trillion in spending globally. WIN-WIN will work to leverage that capital and mobilize women investors as lead providers of capital to the fund. A lead grant of $1 million from the Citi Foundation will enable Calvert to deploy funds to microfinance institutions and community development financial institutions that are investing in women-focused small businesses and critical services that affect low-income women and their families.
"Investment in the ingenuity and ambition of women is critical if we hope to have any success as a more equitable global society," said Citigroup CEO Vikram Pandit. "Expanding financial inclusion and fostering innovation are both central to Citi's mission, and the WIN-WIN program embodies both of these core commitments. The Citi Foundation's support of this cutting-edge Calvert Foundation initiative will provide critical financing with the power to advance economic opportunity for underserved women around the world. "
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