Calvert Foundation Overview

Calvert Foundation Overview Investing for Social and Financial Return

What is Impact Investing? ,[object Object],[object Object],[object Object],[object Object]

About Calvert Foundation ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],19,910 homes built/rehabilitated 7,300 small businesses funded 34,100 JOBS CREATED IN THE U.S. 304,000 microenterprises launched

Here’s How It Works Investors Organizations in our portfolio People left behind by mainstream finance 1. INVEST 5. INVESTORS RECEIVE BACK PRINCIPAL AND INTEREST 2. WE MAKE AFFORDABLE, FLEXIBLE LOANS USING INVESTOR DOLLARS 3. ORGANIZATIONS FINANCE HOMES AND BUSINESSES, EDUCATION, AND MORE FOR THE UNDERSERVED 4. EMPOWERED COMMUNITIES PAY BACK THEIR LOANS

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Investment Approach ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]

Investment Process Initial Vetting Pre- Clearance Memo Term Sheet Due Diligence Disburse -ment Investment Committee Legal Doc Negotiation Organization is evaluated against Minimum Social and Financial Investment Criteria. Possible investment is analyzed and greatest risks and mitigants described Terms and conditions including financial and social covenants are agreed upon by potential borrower and Calvert Foundation. The term sheet is non-binding. Organization’s financials, management, products and social performance analyzed, political and economic environment described, investment recommendation made in 20pg report Comprehensive loan agreement that includes limits on loan sizes MFIs can extend to clients, reporting requirements on target clients and in some cases social covenants

Client Protection Principles ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],In 2008, a group of microfinance thought leaders determined there was a need for an industry-wide code of conduct and a proactive assertion of microfinance as a double bottom line industry. After gathering further input from an array of industry participants, the Smart Campaign was launched with 6 Principles of Client Protection:

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Impact: Microfinance ,[object Object],[object Object],Real-Life Story: Mary Wanjiru Njaga is a founding member of the Bidii Women Group, the 16th savings and credit group registered with Kenya Women Finance Trust (KWFT) in the Mount Kenya Region. The group was started in 1993, at which time Mary only had a small business. However, with the help of loans from KWFT, Mary now runs her own bookshop called “Market Bookshop.” Mary’s business is flourishing and she can now meet all of her expenses.

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Calvert Foundation Overview

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