Kiva Receives USAID Design Funding to Structure Innovative $100M Fund to Support 1 Million Women Globally
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Monday, July 6, 2020
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W-GDP is the first whole-of-government approach to womens economic empowerment and, as a part of the Initiative, Kiva will use catalytic capital offered through the W-GDP Fund at USAID to design the Kiva Invest in Women Fund (K-IWF), an innovative investing vehicle to positively impact women.
Key Points:
- W-GDP is the first whole-of-government approach to womens economic empowerment and, as a part of the Initiative, Kiva will use catalytic capital offered through the W-GDP Fund at USAID to design the Kiva Invest in Women Fund (K-IWF), an innovative investing vehicle to positively impact women.
- Kiva has been awarded $2.5 million from the W-GDP Fund at USAID in an effort to identify innovative approaches to catalyze commercial investment for womens economic empowerment and equality.
- The Kiva Capital team will use this innovative funding to launch a comprehensive fund design and structuring process.
- Its not about more women entering the formal financial system, but rather a financial system that works for more women.