12/17/2024 | Press release | Distributed by Public on 12/17/2024 22:00
Pro Mujer, committed to advancing gender equality in Latin America, has taken a strategic step by joining Convergence, a leading non-profit organization in developing and accelerating the blended finance market, an approach that seeks to finance social and environmental impact projects. This movement reinforces Pro Mujer's efforts to attract capital toward initiatives that promote the Sustainable Development Goals (SDGs) in countries throughout the region.
Using catalytic capital from philanthropic and public sources, Convergence incentivizes the participation of different sectors in sustainable development and transforms the SDGs into sustainable investment opportunities, mobilizing $1.5 billion toward blended financetransactions.
By becoming a member, Pro Mujer gains access to a wide range of benefits that will strengthen its impact and allow it to expand its financing network:
With this alliance, Pro Mujer strengthens its capacity to design and implement innovative financing solutions that scale its social impact. Through Convergence, it will be able to attract investment toward projects focused on financial inclusion, access to health, and the empowerment of women in Latin America.
Joining Convergence represents a significant step forward in Pro Mujer's mission to transform the lives of women, their families, and communities. By maximizing the tools and resources this partnership provides, Pro Mujer will promote mobilization toward sustainable initiatives and empower women as agents of change in the region.