Trekking Across India to Track Our Impact

india blog

We recently returned from a trip to India, where we had the privilege of visiting some of Calvert Foundation’s (IdEA’s managing partner’s) current and past borrowers. We visited several social enterprises and met dedicated individuals working tirelessly to improve life for communities at the base of the pyramid. Their activities span a range of sectors, including healthcare, education, clean energy and more; and they rely on flexible debt capital to grow their businesses. In partnership with non-banking financial companies (NBFCs) in India, Calvert Foundation is channeling investor dollars to these enterprises through the India Investment Initiative.

Launched in 2015 by President Obama, the initiative was created in response to several current trends. These include the growing importance of market-based solutions to global development challenges; the demonstrated need among Indian small businesses for startup and growth capital; and the Indian diaspora’s desire to contribute to development in India.

Starting at $20, investors can receive both a social and financial return (principal invested plus interest) through Calvert Foundation’s Community Investment Note®. To date, Calvert Foundation has committed $10 million to financial intermediaries that finance small and medium enterprises in India.

Our borrower visits (which you’ll hear more about in the upcoming weeks) included:

  • A hospital run by Sankara Eye Foundation, which provides free and affordable eye care
  • Two schools that receive funding through Varthana, an affordable private school lender
  • Several social enterprises in Intellegrow’s portfolio, a NBFC that provides responsive debt capital to small and growing businesses

This trip was a great opportunity to see first-hand how our investors’ capital contributes to the success of our portfolio partners. We are excited to facilitate the opportunity to make an impact for investors at all levels in the U.S. Click here to learn more about the India Investment Initiative and how you can get involved.

Stay tuned for more detailed coverage of our visits with our outstanding India Investment Initiative borrowers over the next several weeks!