Calvert MicroPlace Fund

Calvert Social Investment Foundation  is an independent organization launched in 1995 by the Calvert Mutual Fund Company, which specializes in socially responsible investment. The Calvert Foundation provides investors with innovative financial products and services that channel flexible, affordable capital to underserved communities.

MicroPlace

In 2007, the Calvert Foundation entered into an agreement with MicroPlace Inc., an eBay company that has developed a web-based platform for making investment capital from individual investors available as loans in pre-qualified MFIs. MicroPlace has also designed a website for this purpose: www.microplace.com. Individuals in the United States can invest in MFIs through the website.

Products and Terms

Triple Jump is one of the two sub-advisors to the Calvert Foundation. As a sub-advisor, Triple Jump identifies, negotiates and monitors loans to the MFIs featured on the website. The areas of operation are Africa, Asia, Eastern Europe and Latin America. This fund offers loans for microfinance portfolio expansion. Loans are provided in USD, although local currency operations can be structured through a back-to-back/guarantee structure or a traditional hedge instrument. Loan amounts range from USD 250,000 - USD 2,000,000.

               Investments in the Calvert MicroPlace Fund sourced by Triple Jump