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WLB_Publications-01

IIX Women’s Livelihood Bond™ Blueprint Paper, Supported by Rockefeller Foundation

Impact Investment Exchange’s (IIX) commitment-to-action to the Clinton Global Initiative, the first IIX Social Sustainability Bond (ISB)™, is the Women’s Livelihood Bond™ (WLB™), a US$8.5 million debt security designed to unlock capital for Impact Enterprises (IEs) and Microfinance Institutions (MFIs) that are part of the sustainable livelihoods spectrum for underserved women in South-East Asia. This bond is the first tranche under the US$150 million WLB™ series, a series of debt securities creating sustainable livelihoods for over 3 million women and underserved communities across developing countries.

This Blueprint Paper provides an overview of the Women’s Livelihood Bond™’s mechanics by outlining the key steps involved in the bond structuring process. Supported by the Rockefeller Foundation, a visionary catalyst in the impact investing space, this paper will capture the work done by IIX on product, pipeline and partnership development, and bond issuance.

Women’s Livelihood Bond™ Case Study, Commissioned by Tote Board

This case study commissioned by Tote Board focuses on Impact Investment Exchange’s (IIX) journey of developing the Women’s Livelihood Bond™ (WLB™) – an innovative financial instrument that raised private investment capital for a group of microfinance institutions and impact enterprises to advance sustainable livelihoods for low-income women in Southeast Asia.

The case study explores how IIX conceived of the WLB™ to meet key gaps in the impact investing market and had to be flexible in its design and marketing strategies in response to changing circumstances.

The case study also highlights the need for impact investing intermediaries like IIX to collaborate with diverse and committed stakeholders across the public and private sectors to drive innovation for social change.

Women’s Livelihood Bond™ Case Study, Authored by Convergence

This case study authored by Convergence examines how Impact Investment Exchange’s (IIX) Women’s Livelihood Bond™ (WLB™) has served as an innovative application of a traditional financial instrument to the impact investment sector, ultimately bridging the current gap between the SDGs and the global financial markets.

Alongside this, the case study provides a comprehensive understanding of the two years process designing, structuring, listing, and fundraising for the WLB™.

With a focus on Asia, IIX hopes this paper will offer insights for others who are keen to structure or invest in similar gender-lens/blended finance structures.