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Calvert Impact Logo

Who We Are

AboutOur TeamOur BoardFinancials and ReportsContact Us

What We Do

Product & ServicesOur Impact

News & Resources

We invest to improve access to finance so individuals around the world can meet their household and business needs

Introduction to Microfinance Institutions (MFIs) Part I
Introduction to Microfinance Institutions (MFIs) Part I Industry Landscape
Introduction to MFIs Part II: Microfinance Networks
Introduction to MFIs Part II: Microfinance Networks Industry Landscape
Introduction to MFIs Part III: Microfinance Intermediaries
Introduction to MFIs Part III: Microfinance Intermediaries Industry Landscape

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

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

Reports Q1 2025 Report

Q1 2025 Report

Download the Q1 2025 Community Investment Note® Report.

05/15/2025 | By Justin Conway

Blog Three Portfolio Partners Supporting Small Businesses

Three Portfolio Partners Supporting Small Businesses

In honor of U.S. National Small Business Week 2025, we’re highlighting a few of the Community Investment Note® portfolio partners helping small businesses thrive in different regions of the U.S.

05/07/2025

Blog 2024 Year in Review

2024 Year in Review

A look back at Calvert Impact's work in 2024.

12/20/2024 | By Jennifer Pryce

Reports Our 2024 Community Investment Note® Impact Report, "Taking Action for Communities & Climate"

Our 2024 Community Investment Note® Impact Report, "Taking Action for Communities & Climate"

Calvert Impact's 2024 impact report, including new impact data, stories, and photos from their Community Investment Note portfolio.

10/23/2024

Blog 2023 Year in Review

2023 Year in Review

After sharing our 2023-2025 Strategic Plan in January, Calvert Impact executed on its strategy to bring new products to market to increase connectivity between the capital markets and communities.

12/21/2023 | By Jennifer Pryce

In the News Calvert Impact releases 2023 Impact Report: 'Demonstrate, Educate, Transform'

Calvert Impact releases 2023 Impact Report: 'Demonstrate, Educate, Transform'

Report shows cumulative impact of Community Investment Note® and new products

11/07/2023

Reports Our 2023 Impact Report, "Demonstrate, Educate, Transform"

Our 2023 Impact Report, "Demonstrate, Educate, Transform"

Our 2023 Impact Report features the impact we and our portfolio partners have had on markets, the environment, and communities around the world throughout 2022 and 2023.

11/06/2023 | By Caitlin Rosser

In the News Climate United Submits Bid to Manage Part of EPA’s $14 billion National Clean Investment Fund

Climate United Submits Bid to Manage Part of EPA’s $14 billion National Clean Investment Fund

Climate United today announced the submission of its proposal to the U.S. Environmental Protection Agency’s National Clean Investment Fund award competition, part of the Greenhouse Gas Reduction Fund.

10/12/2023

Reports Our 2022 Impact Report, "Responding to the Need for Transformative Change"

Our 2022 Impact Report, "Responding to the Need for Transformative Change"

Our 2022 Impact Report features the impact we and our portfolio partners have had on markets, the environment, and communities around the world throughout 2021 and 2022.

11/03/2022 | By Caitlin Rosser

Videos 2021 Impact Report Webinar

2021 Impact Report Webinar

Calvert Impact Capital's Investor Relations and Impact Management staff hosted a webinar to review highlights from our 2021 Impact Report

03/03/2022 | By Caitlin Rosser

Reports Q4 2021 Report

Q4 2021 Report

Our Q4 2021 quarterly report, featuring quarterly updates on our portfolio and borrowers, as well as highlights from our work throughout the quarter.

02/15/2022 | By Justin Conway

Reports Our 2021 Impact Report, "Making Markets Work for People and Planet"

Our 2021 Impact Report, "Making Markets Work for People and Planet"

Our 2021 Impact Report features the impact we and our borrowers have had on the environment and communities around the world throughout 2020 and 2021.

11/18/2021 | By Caitlin Rosser

Success Stories Success Story: Oikocredit

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

Success Stories Success Story: MCE Social Capital

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

Blog 2020 in Review

2020 in Review

The global pandemic, resulting economic shocks, stark displays of systemic racism and injustice, and near-daily evidence of rapidly changing climate made it clear our current systems are failing us

12/18/2020 | By Leigh Moran

Blog The Future of Microfinance: A panel discussion

The Future of Microfinance: A panel discussion

Calvert Impact Capital hosted a webinar with former Board member Ira Liberman to celebrate the publication of his new book, The Future of Microfinance

10/01/2020 | By Leigh Moran

Reports 2020 Impact Report

2020 Impact Report

Our 2020 Impact Report commemorates our 25th anniversary and features the impact we and our borrowers have had on the environment and communities around the world throughout 2019 and 2020.

10/01/2020 | By Caitlin Rosser

Reports 2020 Investor Survey Results

2020 Investor Survey Results

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

09/15/2020 | By Caitlin Rosser

Blog Borrower Spotlight: MCE Social Capital

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

Blog Portfolio Partners' Statements on Racial Justice and Equity

Portfolio Partners' Statements on Racial Justice and Equity

Since the death of George Floyd at the hands of the Minneapolis police, many organizations and individuals across the globe have raised their voices

06/17/2020 | By Leigh Pomerantz

Blog Support for Businesses and Communities: COVID-19 Resources from our Microfinance Portfolio Partners

Support for Businesses and Communities: COVID-19 Resources from our Microfinance Portfolio Partners

Supporting microentrepreneurs and small businesses, those that form the foundation of economies around the world, is now more important as ever.

05/29/2020 | By Leigh Pomerantz

Blog Borrower Spotlight: ECLOF International

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

Blog Women’s History Month: Reflections on Gender Lens Investing in Latin America

Women’s History Month: Reflections on Gender Lens Investing in Latin America

As March is Women’s History Month, I’ve spent some time reflecting on the power of gender lens investing to transform the lives of women.

03/10/2020 | By Diego Valdivia

Blog Borrower Spotlight: Grameen America

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

Blog 2019 in Review

2019 in Review

2019 was another exciting and productive year for Calvert Impact Capital

01/08/2020 | By Leigh Moran

Reports 2019 Impact Report

2019 Impact Report

In our 2019 Impact Report, we provide even more data on our investor, portfolio, and community impact through updated data, graphics, and case studies.

10/01/2019 | By Caitlin Rosser

Blog Microfinance Taps Mainstream Market Solutions

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

Videos Calvert Impact Capital loan to ECLOF International

Calvert Impact Capital loan to ECLOF International

Calvert Impact Capital loan to ECLOF International

10/18/2018

Blog New loan to ECLOF International

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

2018 Impact Report

2018 Impact Report

Our 2018 Impact Report, featuring impact data across our investor, portfolio, and community impact.

10/01/2018

Blog Expanding lending in the Middle East

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

Blog Increasing access to financial services in developing countries

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

Blog Our biggest stories from 2017

Our biggest stories from 2017

2017 was busy. A lot happened around here. If you haven't kept an eye on our monthly email updates, here's what you need to know.

12/27/2017 | By Andrew Parrucci

Blog Introduction to MFIs Part III: Microfinance Intermediaries

Introduction to MFIs Part III: Microfinance Intermediaries

I am using the term microfinance intermediary to refer to both loan funds and structured funds

06/29/2017 | By Songbae Lee

Blog Introduction to MFIs Part II: Microfinance Networks

Introduction to MFIs Part II: Microfinance Networks

There are many different types of actors within the world of microfinance, from operating companies to investment companies to everything in between

04/25/2017 | By Songbae Lee

Blog Introduction to Microfinance Institutions (MFIs) Part I

Introduction to Microfinance Institutions (MFIs) Part I

This blog series will attempt to answer some of the common questions about microfinance using examples from our portfolio, but it won’t include a lot of beneficiary stories

03/14/2017 | By Songbae Lee

Blog Leveraging Microfinance for Agricultural Lending

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

Blog Greater Opportunities for Latina Entrepreneurs through Microloans

Greater Opportunities for Latina Entrepreneurs through Microloans

Last month, we completed an exciting new $6 million loan to Grameen America

06/27/2016

Blog Press release: IDB and Calvert Foundation partner to fuel small business growth in Latin America and the Caribbean

Press release: IDB and Calvert Foundation partner to fuel small business growth in Latin America and the Caribbean

Today we announced an exciting partnership with the InterAmerican Development Bank

11/18/2015 | By Leigh Moran

Blog Interview with Muhammad Yunus

Interview with Muhammad Yunus

At last month's Conference on Sustainable, Responsible, and Impact Investing, we had the chance to interview Nobel Peace Laureate Muhammad Yunus

11/06/2012 | By Andrew Parrucci

Blog Water and Sanitation: A Quadruple Bottom Line Investment

Water and Sanitation: A Quadruple Bottom Line Investment

Something ironic happened to me the day before I spoke on a Water and Sanitation panel at the Impact Investing Summit in Washington, D.C.

10/26/2011 | By Anthony Randazzo

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Calvert Impact Capital, Inc., a 501(c)(3) nonprofit and a subsidiary of Calvert Impact, Inc., offers the Community Investment Note. Calvert Impact Climate, Inc., a 501(c)(3) nonprofit and a subsidiary of Calvert Impact, Inc., offers the Cut Carbon Note. The Community Investment Note and Cut Carbon Note are subject to certain risks, are not mutual funds, are not FDIC or SIPC insured, and should not be confused with any Calvert Research and Management-sponsored investment product. The Community Investment Notes and the Cut Carbon Notes are debt securities subject to the terms, conditions and risks described in the current prospectus, prospectus supplement(s) and pricing supplements, as applicable, including risk of possible loss of the amount invested. Payment is dependent on the issuer’s financial condition at the time payment is due. Any decision to invest in these securities through this Site should only be made after reading the applicable prospectus, prospectus supplement(s) and pricing supplement or by calling 800-248-0337.

This is not an offer to sell you our securities and we are not soliciting you to buy our securities. The offering is made solely by the Prospectus. We will offer and sell our securities only in states where authorized.

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