IIX Global
Women's Livelihood Bond IV

Developed by the Impact Investment Exchange (IIX) in 2017, the Women’s Livelihood Bond (WLB) Series was created to be the first gender-lens, impact investing public security. Previously, IIX had launched three Singapore-listed WLB bonds mobilizing a total of $50M that was successfully on-lent to microfinance institutions in the Asia-Pacific region with a particular focus on women borrowers. The fourth bond in the series, known as WLB 4 Climate will support women-focused enterprises in India, Indonesia, Cambodia, and the Philippines that are running small businesses with an emphasis on climate resilience. The bond closed with $30M raised from a range of both public and private international investors. Over 60% of working women in the region are employed in agriculture, forestry, and fisheries, exposing them to significant climate vulnerability. Ceniarth’s $1.5M commitment to the bond is aligned with our stated emphasis on climate justice globally.