Overview:
The Calvert Foundation provides loans to organizations that provide affordable housing, microfinance, small business loans, and community facilities.
Description:
The Fund is offered by the Calvert Social Investment Foundation, a private US foundation founded in 1995 with the support of the Ford, MacArthur, and Mott Foundations. Investment in the Fund comes in the form of donations notes held by individuals and organizations, including Washington Mutual Bank, Ameritas Life Insurance Corp., and Gray Ghost Microfinance Fund, LLC.
Microfinance Information Exchange (MIX) Profile:
http://www.mixmarket.org/funders/calvert-foundation
Organization’s Website:
http://www.calvertfoundation.org/news/index.html
Just the Facts:
Year Founded: 1995
Country of Incorporation: United States
Legal Status: Nonprofit 501(c)(3)
Fund Assets (as of day/month/year): USD 208 million (as of 31/December/2008)?
Area of Operation: Global
Number of MFI investments (as of day/month/year): (as of )
Participant(s)/Backer(s)/Investor(s): Washington Mutual Bank, Ameritas Life Insurance Corp., Gray Ghost Microfinance Fund,
Currency: USD
Instrument Type: Loans and Debt Securities, Equity
Investment Horizon: 5 years (Loans and Debt Securities)
Fund Manager: Shari Berenbach (CEO)
Contact Information:
Eliza Mahony
Investment Officer
eliza.mahony@calvert.com
(301) 280-1374
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Additional Resources:
News from the Calvert Foundation
http://www.calvertfoundation.org/news/index.html
Calvert Foundation 2008 Annual Report
http://www.nxtbook.com/nxtbooks/calvert/2008annualreport/#/0
Merrill Lynch Community Development Company Invests $10m in Fixed-Income Securities Offered through the Calvert Social Investment Foundation (October 2008)
https://www.microcapital.org/microcapital-story-merrill-lynch-community-d…
Calvert Foundation Makes Microfinance Investments Totaling $1.6m in Banco Solidario, Unitus and Pro Mujer (May 2008)
https://www.microcapital.org/microcapital-story-calvert-foundation-makes-…
Calvert Foundation Lends $500,000 to Mongolian Microfinance Institution XacBank (February 2008)
https://www.microcapital.org/microcapital-story-calvert-foundation-lends-…
MicroCapital talks to Shari Berenbach, Executive Director of the Calvert Foundation, About the Foundation’s Relationship with MicroPlace and how it Became the First Issuer to Sell Investments on the Site (November 2007)
https://www.microcapital.org/microcapital-story-microcapital-talks-to-shari-berenbach-executive-director-of-the-calvert-foundation-about-the-foundation’s-relationship-with-microplace-and-how-it-became-the-first-issuer/
A Leading Group of Microfinance Players, including Microrate, Global Partnerships, ACCION International, the Calvert Foundation and CAlmeadow, Create the FX Consortium, A Foreign Exchange Risk Mitigation Service (October 2007)
https://www.microcapital.org/microcapital-story-a-leading-group-of-microf…
Authored by Kenny Kline, Research Associate
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