The US Agency for International Development (AID) recently gave USD 2.5 million from the Women’s Global Development and Prosperity (W-GDP) Initiative to US-based nonprofit Kiva to develop the Kiva Invest in Women Fund (K-IWF). Kiva plans for this investment vehicle to mobilize USD 100 million for women entrepreneurs as part of Kiva Capital, the NGOs “asset management subsidiary offering impact-first investment vehicles.” As groundwork for the fund, Kiva Capital will use the money to:
