Swiss impact asset manager, responsAbility, in partnership with the US International Development Finance Corporation, has launched a new financial inclusion bond.

The $123.5 million bond, arranged by JP Morgan, is designed to provide institutional investors with access to impact investments via listed securities. The bond targets targets financial inclusion projects providing access to financial services for individuals and micro, small, and medium enterprises in developing countries. The investments help promote local jobs, reduce poverty, empower women, and support critical social areas such as education and health.

The US Development Finance Corporation has supported the financial inclusion bond in the senior tranche. Maryam Khosharay, DFC’s Acting Vice President of Small Business & Financial Services, said, “DFC is proud to be supporting such an innovative and impactful project with responsAbility that aligns with our priority of catalyzing investment to support small businesses. This is highly significant work that will provide vital financing to support small businesses in emerging markets while also promoting economic growth, job creation, and supporting critical social sectors.”

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