Borrower Spotlight

Get to know our portfolio partners: Affordable Homes & Communities

Affordable Homes & Communities (AHC) is a nonprofit developer that creates and preserves affordable and mixed-income housing in Maryland, Virginia, and Washington, D.C.

12/03/2025

Get to know our portfolio partners: Advance Global Capital

Advance Global Capital, Ltd (AGC) provides financing to small and medium enterprises (SMEs) to reduce poverty through sustained inclusive economic growth.

11/20/2025

Reports

Our 2025 Community Investment Note® Impact Report, “Resilient Communities, Lasting Impact”

The 2025 Community Investment Note® impact report, “Resilient Communities, Lasting Impact”, explores how resilience is essential to building a more inclusive and sustainable financial system.

11/03/2025

Get to know our portfolio partners: Greenline Ventures

Greenline Ventures is a financial services company that specializes in providing capital to underserved businesses.

09/30/2025

Reports

Q2 2025 Report

Download the Q2 2025 Community Investment Note® Report.

08/15/2025 | By Justin Conway

Success Story: Forest Resilience Bond

The Yuba I FRB protected 15,000 acres of forestland, helped restore 2,675 acres of ecosystems and 27,601 acre-feet of source water supply, sustained 72 jobs, and returned all investor capital.

04/01/2025 | By Annette Vogel

Borrower Spotlight: LIIF and the Importance of Keeping Homes Affordable

Calvert Impact and the Low Income Investment Fund (LIIF) have worked together for over 20 years. Most recently, we’ve continued to support LIIF through the Keeping Homes Affordable facility.

04/23/2024 | By Annette Vogel

Borrower Spotlight: Clean energy lending and technical assistance supported by Partner Community Capital

Calvert Impact and Partner Community Capital (PCAP) have a longstanding relationship that spans over two decades. After making our first loan to PCAP in 2007 – only $25,000 – we have seen them grow

12/13/2023 | By Annette Vogel

Success Story: Eureka Recycling

In 2016, Calvert Impact provided financing to Eureka Recycling, a zero-waste nonprofit based in Minneapolis, Minnesota dedicated to demonstrating that waste is preventable – not inevitable.

09/20/2023 | By Caitlin Rosser

Borrower Spotlight: Small Businesses Supported by Advance Global Capital

AGC’s investments deliver tailored financing to local partners, who in turn provide flexible working capital to small and medium enterprises, so they can scale and positively impact local economies.

07/21/2023 | By Annette Vogel

The Impact of Investing in Puerto Rico

Calvert Impact staff visit two portfolio partners in Puerto Rico to learn about impact on the ground

03/28/2023 | By Caitlin Rosser

Borrower Spotlight: Sustainable Companies Supported by eco.business Fund

The eco.business Fund supports biodiversity conservation, sustainable use of natural resources, and climate change mitigation and adaptation in Latin America, the Caribbean, and sub-Saharan Africa.

01/11/2023 | By Annette Vogel

Success Story: Community Housing Capital

Community Housing Capital (CHC) is a Community Development Financial Institution (CDFI) with a mission to finance the creation and preservation of affordable housing across the United States.

11/30/2022 | By Caitlin Rosser

Success Story: New Hampshire Community Loan Fund

In 1997, in our second year of lending operations, Calvert Impact made a $150,000 loan to New Hampshire Community Loan Fund, a community lender that transforms New Hampshire communities.

10/26/2022 | By Caitlin Rosser

What does Community-Based Solar Look Like?

How does the clean power, financial savings, and job creation provided by solar energy benefit our under-served communities? Impact Analyst Annette Vogel visits our partner Sunwealth to find out.

10/25/2022 | By Annette Vogel

Site Visit: Forest Resilience Bond

Investment Analyst Helen Zhang visits Yuba and Sierra Counties in California and meets with the team behind the project in the heart of the forest where our capital is hard at work.

09/30/2022 | By Helen Zhang

Success Story: Remington Row

Impact investors were critical to Seawall’s growth, helping them build their track record, and create positive outcomes for the Remington Row community in Baltimore, MD.

06/21/2022 | By Caitlin Rosser

Success Story: DC Water

In September 2016, the District of Columbia’s water municipality – DC Water – issued the nation’s first Environmental Impact Bond (EIB).

04/22/2022 | By Caitlin Rosser

Borrower Spotlight: PACE Equity funds greener commercial buildings in the US

Our borrower, PACE Equity, is the market leader in C-PACE financing, a program designed to encourage developers to make their buildings greener by providing a source of inexpensive private capital.

04/11/2022 | By Lucas Pappas

Capital Can Create Meaningful Change: Our summer internship experience

As their internships end, our summer interns discuss their work at Calvert Impact Capital and their impressions of the broader impact investing industry through the lens of their main projects.

11/30/2021 | By Mary Hayford & Angelie Miranda

In the News

Getting Money off the Sidelines: A Starting List to Invest for Racial Equity

As more investors seek to direct capital toward racial equity, here’s a starter list to help.

11/08/2021

In the News

Lendable to Launch $100 million Emerging Market Fintech Fund with Leading Impact and DFI Investors (PRNewsfoto/Lendable)

Lendable Inc., a leading emerging market fintech credit provider, is targeting a ground-breaking $100 million closed-ended fund focused on emerging and frontier market fintech investments.

10/12/2021

Borrower Spotlight: eco.business Fund and sustainable shrimp farming in Ecuador

Our borrower, the eco.business Fund, is leading the way in helping Ecuadorian shrimp producers implement practices that protect the environment

09/07/2021 | By Christian Choconta

Success Story: Equal Exchange

In 2003, Calvert Impact Capital made its first loan of $200,000 to Equal Exchange, a pioneering Fair Trade cooperative that partners with small-farmer coops and institutions in over 20 countries.

08/31/2021 | By Caitlin Rosser

Success Story: Oikocredit

Calvert Impact Capital made our first loan to Oikocredit, a social impact investor and worldwide cooperative, in 1999.

07/15/2021 | By Caitlin Rosser

Borrower Spotlight: Community Reinvestment Fund (CRF)

When the PPP loan was announced by Congress, many businesses found themselves shut out of the process due to a lack of information and access to the program through traditional financial institutions

07/06/2021 | By Caitlin Rosser

Forest Resilience Bond Webinar

EPA hosted two webinars on April 29, 2021 and May 6, 2021 to discuss the recently published technical report on the first Forest Resilience Bond

06/14/2021

In the News

Calvert Impact Capital Invests $2.9 Million in Sunwealth

Clean energy investment firm Sunwealth today announced a $2.9 million loan from Calvert Impact Capital to support Sunwealth’s solar access work.

05/18/2021

Borrower Spotlight: Azure Source Capital

Azure Source Capital (ASC) mobilizes capital and technical expertise to upgrade and expand water services for under-served urban and peri-urban communities of El Salvador.

05/04/2021 | By Leigh Pomerantz

Success Story: MCE Social Capital

In 2006, Calvert Impact Capital made its first loan to MCE Social Capital (MCE), that works to generate economic opportunities for women and families in underserved communities across the globe.

04/06/2021 | By Caitlin Rosser

Success Story: BlueHub Capital

In August 1998, Calvert Impact Capital made a $25,000 loan to the BlueHub Loan Fund (then “Boston Community Loan Fund”), managed by BlueHub Capital.

04/06/2021 | By Caitlin Rosser

Success Story: MyStrongHome

In December 2016, Calvert Impact Capital made a loan to MyStrongHome, an innovative new social enterprise working to fortify coastal communities against climate change impacts.

04/06/2021 | By Caitlin Rosser

Borrower Spotlight: Medical Credit Fund

Our borrower, The Medical Credit Fund (MCF), is a non-profit health investment fund that supports private healthcare clinics and businesses in Africa.

02/08/2021 | By Leigh Pomerantz

Calvert Impact Capital expands relationship with eco.business Fund to increase financing for biodiversity conservation

Calvert Impact Capital is excited to announce a further commitment to the eco.business Fund

10/26/2020

The Forest Resilience Bond: An Innovative Financial Tool Used to Fight Fires in California

In the face of climate change, catastrophic wildfires increasingly blaze across the country, threatening forests, communities, and livelihoods

09/02/2020 | By Leigh Pomerantz

Borrower Spotlight: MCE Social Capital

Our borrower, MCE Social Capital (MCE), is a nonprofit impact investing firm that aims to generate economic opportunities for women and families living in poverty in the developing world

08/31/2020 | By Leigh Pomerantz

Borrower Spotlight: ECLOF International

Our borrower, ECLOF International, is a faith-based organization founded in 1946 with a mission is to promote social justice and human dignity through microfinance

03/13/2020 | By Leigh Pomerantz

Borrower Spotlight: Wildflower Schools

Wildflower is an ecosystem of decentralized Montessori micro-schools which are teacher-led and offer child-centered learning environments to support children and families from diverse backgrounds

02/25/2020 | By Leigh Pomerantz

Lending Partner Spotlight: Low-Income Investment Fund (LIIF)

In participation with lead lender and CDFI funding partner, Calvert Impact Capital provided financing that enabled Affirmed Housing Group to purchase a Motel-6 and redevelop it into “Zephyr”

01/31/2020 | By Leigh Pomerantz

Borrower Spotlight: Grameen America

Grameen America is a nonprofit microfinance organization dedicated to helping women who live in poverty build small businesses to create better lives for their families

01/17/2020 | By Leigh Pomerantz

Supporting Affordable Housing Across the US

This week we announced our investment providing capital for the second phase of the $100 million Fund to Preserve Affordable Communities (FPAC)

12/05/2019

There’s a new way for investors to turn a profit while helping California prevent fires

Rising Risks — Forest resilience bond

10/31/2019

Affordable, Renewable Energy in Washington, D.C.

We are excited to expand our renewable energy portfolio through a new loan facility to Vermont Energy Investment Corporation and its District of Columbia Sustainable Energy Utility program

09/06/2019

Microfinance Taps Mainstream Market Solutions

Calvert Impact Capital is excited to grow our portfolio with a new investment to promote financial inclusion in emerging markets around the world

08/07/2019 | By Daniel Ford

Renewing Our Commitment to Affordable Housing in South Texas

We recently renewed our $2 million loan to Affordable Homes of South Texas, Inc. (AHSTI), the largest developer and lender of deeply affordable single-family homes in the Rio Grande Valley

07/08/2019 | By Jacqueline Westley

Perspectives from the Field: Mexico

Calvert Impact Capital invests to help financial intermediaries better serve small and medium enterprises (SMEs), the engines of local economic growth and job creation across the globe

05/29/2019 | By Caitlin Rosser

Chicanos Por La Causa - Empowering Communities Across The Southwest

We recently closed a loan to Chicanos Por La Causa (CPLC), a community development corporation that serves individuals and families with low to moderate income in the southwestern U.S.

03/13/2019 | By Nicholas Silbergeld

A New Investment In The Solar Energy Transformation (SET) Fund

Calvert Impact Capital recently invested $7.5mm in the Solar Energy Transformation (SET) Fund

03/05/2019 | By Adrika Lazarus

2018 in Review

Against a backdrop of global and political turmoil, we saw an industry of doers organize more urgently around the common call for greater transparency and accountability in our global financial

12/21/2018 | By Leigh Moran

Forest Resilience Bond: a new mechanism for fighting fire with finance

In this short video I'll cover Calvert Impact Capital's recent investment in the Forest Resilience Bond, which aims to reduce the risk of severe wildfires in the Tahoe National Forest

11/30/2018 | By Jacqueline Westley

Fighting fire with finance: Calvert Impact Capital's investment in the Forest Resilience Bond

Calvert Impact Capital Sr. Investment Officer Jacqueline Westley discusses our investment in the Forest Resilience Bond, which aims to reduce the risk of severe wildfires in the Tahoe National Forest.

11/29/2018

Calvert Impact Capital loan to ECLOF International

10/18/2018

New loan to ECLOF International

We recently closed a $2 million loan to ECLOF International, a faith-based organization that primarily provides loans and technical assistance to partner microfinance institutions (MFIs)

10/17/2018 | By Songbae Lee

Energy Access at Home and Abroad: Bringing Clean Energy to New Global Communities

For Climate Week, Investment Analsyst Caroline Chinhuru shares her insights on renewable energy around the world.

09/24/2018 | By Caroline Chinhuru

The Power of Community Engagement in Affordable Housing: Takeaways from the #ImpactTourRaleigh

Last Tuesday my colleague Katherine and I traveled to Raleigh, NC for an affordable housing impact tour

07/30/2018 | By Caitlin Rosser

Expanding lending in the Middle East

We recently announced a new $5 million loan Global Communities and Vitas Group to expand microfinance and affordable housing in Gaza and the West Bank

05/01/2018 | By Songbae Lee

Increasing access to financial services in developing countries

We are partnering with BlueOrchard, a leading global impact investment manager dedicated to fostering inclusive and climate-smart growth

04/17/2018 | By Songbae Lee

Making Manufactured Housing More Secure and Affordable

There are 2.7 million owners of detached single-family homes that do not own or control the land beneath their homes

01/03/2018

Promoting Sustainable Business Practices

Earlier this year, we closed a $5 million investment in the eco.business Fund

11/16/2017

Breaking Ground with DC Water

We are thrilled to be invested in the first U.S. environmental impact bond (EIB), which was issued by DC Water, the District of Columbia’s water and sewer authority

11/14/2017

Supporting Carbon Offset Efforts

Calvert Impact Capital has closed a new $1 million investment in Forest Carbon Partners, L.P.

11/06/2017 | By Catherine Godschalk

Increasing Affordable Housing Across America

In June we made a $5 million investment in the Jonathan Rose Companies’ latest affordable housing preservation fund

07/09/2017

Sustainable Mobility in South Africa

We recently closed a new $5 million investment with SA Taxi, a credit provider that offers financial products and services for entrepreneurs in the minibus taxi business in South Africa

07/06/2017 | By Najada Kumbuli

Innovation in Agriculture and Renewable Energy

Calvert Foundation is excited to announce the recent closure of a $9 million investment that will finance the construction of an anaerobic biodigester facility in the western region of the U.S.

07/04/2017

Promoting Renewable Energy in Central America

We are pleased to announce a $5 million investment in the Honduras Renewable Energy Financing Facility (H-REFF)

07/02/2017 | By Najada Kumbuli

Benefit Chicago Announces Its First Loans

Benefit Chicago is a collaboration between MacArthur Foundation, Chicago Community Trust, and Calvert Foundation to mobilize $100 million for impact investments and social enterprises

05/16/2017

Increasing Low-Income Access to Clean Energy

We are pleased to announce that we recently closed a new $3 million loan to PosiGen

04/21/2017

Affordable Housing on the Gulf Coast

Calvert Foundation is pleased to announce our closure of a loan to Gulf Coast Housing Partnership (GCHP) that will finance the construction of affordable housing throughout the Gulf Coast region

02/10/2017

Supporting Artists Through Affordable Housing

Calvert Foundation is pleased to announce the closure of a loan to Artspace, a national leader in developing artist-focused, non-profit affordable housing in the U.S.

12/21/2016

Recycling for People and Planet

Calvert Foundation's commitment to impact extends beyond the social - we also seek to make loans that positively impact our environment

12/15/2016

Leveraging Microfinance for Agricultural Lending

Calvert Foundation has approved a new $4 million loan to MCE Social Capital (MCE)

11/14/2016 | By Songbae Lee

Financing Affordable Housing for Veterans

Affirmed Housing Group is acquiring an existing 102-room motel to be converted into an 85-unit supportive housing complex for formerly homeless veterans

11/08/2016

Celebrating Indian Independence and Economic Growth

Over the last 18 months, the Calvert Foundation’s India Investment Initiative has given Indian Americans and anyone who loves India another option to celebrate India

08/12/2016

Trekking Around India to Track Our Impact

We recently returned from a trip to India, where we had the privilege of visiting some of Calvert Foundation’s current and past borrowers

06/10/2016

Increasing Access to Healthy Foods in West Philly

Through our Age Strong initiative in partnership with AARP Foundation, Capital Impact Partners recently completed a $3.6 million loan to Brown's Parkside

02/01/2016

Global Health Strategy in Action: A new loan to expand the Medical Credit Fund

Today, Calvert Foundation completed a $3.4 million loan to grow our relationship with the Medical Credit Fund, an innovative financing vehicle initiated by the PharmAccess Foundation

12/15/2015