Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Measure Better Investing in Racial Equity Beyond Trade-offs Impact en las Americas New Revivalists
Local and Inclusive Climate Finance Catalytic Capital Capital on the Frontier Best Practices Geographies
Slack Conference Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Locavesting Entrepreneurship Gender Smart Return on Inclusion Good Jobs Creative economy Opportunity Zones Investing in place Housing New Schooled Well Being People on the Move Faith and investing Inclusive Fintech
Clean Energy Farmer Finance Soil Wealth Conservation Finance Financing Fish
Innovative Finance
Personal Finance Impact Management
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States
Subscribe
Features
Series
Themes
Community
Data
Subscribe Log In
More

Beneficial Returns includes impact incentives in loan to Iluméxico



The loan fund launched earlier this year to help social enterprises gain access to debt and credit.

It extended a small loan to Iluméxico, which launched in 2010 to offer affordable home solar systems to Mexico’s three million citizens living off the electricity grid.

The secured, five-year loan will help Iluméxico provide credit to low-income women to buy the refrigerators for their shops. The company has installed 10,000 solar panels and has expanded its range of products to include “productive use” technologies like solar-powered refrigerators for small businesses.

Beneficial Returns has agreed to waive the last month of Iluméxico’s loan payment if it adds another 20,000 solar panel installations over the next five years — a goal Iluméxico itself set. “If you really care about impact, put your money where your mouth is and reward the folks that are actually delivering the results,” Beneficial Returns’ Ted Levinson told ImpactAlpha.

“In 59 months we’ll know how things pan out, but I don’t think other investors need to wait that long to incorporate these kind of rewards into their business models.”

You might also like...