Small and medium-sized enterprises (SMEs) create inclusive economic opportunities, foster quality jobs, and drive community development. In the US, small businesses employ almost 50% of our nation’s workforce and account for over 60% of new jobs created since 1995. Internationally, SMEs in emerging markets create 7 out of every 10 jobs. However, SMEs continue to face limited access to financial products and services, as they are usually too large to receive microfinance loans and too small for bank loans. This issue has worsened due to large-scale bank consolidation and the decline of community banks, which are a traditional source of small business lending in the US. In emerging markets, SMEs face an unmet financing need of $5.2 trillion every year.
We support intermediaries, such as CDFIs in the US and SME lenders globally, that develop quality products and services to help SMEs meet their financial needs, grow their businesses, and create quality jobs.
Learn more about our Small Business Recovery work and check out our additional Small Business news, features, and resources below.
Calvert Impact, Ascendus, and NDC share the co-created Theory of Change for the Small Business finance sector and how they have tested and implemented this theory of change in their own work.
09/12/23 | By Krystal Langholz
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.
07/21/23 | By Annette Vogel
60 Decibels, Calvert Impact, Community Reinvestment Fund, USA, and LISC share insights from new research on the small business recovery programs launched in response to the pandemic.
06/07/23 | By Krystal Langholz
60 Decibels, Calvert Impact Capital and Community Reinvestment Fund, USA share insights from new research on the small business recovery programs launched in response to the pandemic.
03/31/22 | By Beth Bafford
Get to Know our Staff
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.
11/30/21 | By Mary Hayford & Angelie Miranda
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.
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
07/06/21 | By Caitlin Rosser
The SOAR Fund will focus on the south. They want to make sure the Black, Hispanic and Native American communities in the south are getting the help they need for their businesses.
One in three small businesses is on the edge and may not survive the next three months without help. The California Rebuilding Fund will make low-interest loans to help small businesses survive.
Every two years, we conduct an investor survey to better understand the motivations of our investor base, the challenges they face in investing for impact, and how we can serve them better
09/15/20 | By Caitlin Rosser
The NY Forward Loan Fund (NYFLF) has lent more than $3.1 million to support 77 businesses and residential landlords across NY state with COVID-19 related costs and expenses as of today
08/05/20 | By Beth Bafford
As the economic impact from COVID-19 unfolds, small businesses —those that underpin the economic, social, and cultural fabric of the United States— are facing extreme challenges
03/27/20 | By Leigh Pomerantz
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.
03/13/19 | By Nicholas Silbergeld