Mumbai: Grameen Impact Investments India and Acumen have raised ₹10 crore by selling bonds to on-lend to five social enterprises involved in training and skill development to meet the UN’s Sustainable Development Goals (SDG). This is the second SDG Bond launched by Grameen Impact. It is “the first impact bond in the world to focus on multiple for-profit social enterprises wrapped into a single pay-for-results instrument. Delighted to partner with 5 stellar skill development companies across the country to cover over 20,000 youth", said Royston Braganza, chief executive officer of Grameen Impact. Acumen has been investing in social enterprises for over 15 years.

Source: Mint June 03, 2019 18:00 UTC