Posts for News

Posted on April 06, 2016

On April 7th, 2016, Enclude’s Managing Director of Capacity Solutions, Roland Pearson, will join the U.S. Ambassador to Nicaragua and representatives from Banco de América Central Nicaragua (BAC-Nicaragua) at BAC-Nicaragua’s Managua headquarters to sign a Memorandum of Understanding (MOU) to express commitment and generate public awareness for a new program working to expand access to credit to women entrepreneurs in Nicaragua. The Variable Payment Obligation (VPO) Program, which officially launched in September 2015 and is funded by USAID and the Argidius Foundation, mobilizes capital from BAC-Nicaragua and third-party impact investors to lend through BAC-Nicaragua using an innovative underwriting methodology and repayment schedule, complemented with business acceleration services.

Read more here (

Posted on April 05, 2016

ZEIST, THE NETHERLANDS, MARCH 31, 2016. In a bid to create a wave of change in the professional world of banking, Massachusetts Institute of Technology (MIT) will launch the world’s first Massive Open Online Course (MOOC) on April 19 based on the concept of #BankingOnValues. Titled Just’ Money: Banking as If Society Mattered, the five-week course has been designed with guidance, input, and living case studies sourced from the Global Alliance for Banking On Values (GABV), its members and other change making organisations.

Read the press release in English and Spanish (

Posted on February 18, 2016

Laurie Spengler, Enclude’s President and CEO, was appointed to the CASE i3 Advisory Council. Laurie will be joining leaders of the existing Council in providing CASE i3 with strategic guidance on efforts to fulfill their mission to establish a rich set of resources and activities for students, entrepreneurs, investors, funders, academics, and policymakers to explore and support the field of Impact Investing. (Watch Laurie’s CASE i3 speaker presentation here.)

Posted on February 18, 2016

Enclude is working with USAID in a pilot program testing an innovative loan structure that relies on companies’ cashflow to unlock financing for small- and medium-sized enterprises. The test of the new Variable Payment Obligation, or VPO, is aimed at helping women business owners in particular, who often lack fixed assets or loan guarantors. Read more here (

Posted on January 25, 2016

WomenX Pakistan is a pilot for a global World Bank program to support women entrepreneurs with high-growth potential.Through the program, participating women business owners receive a package of services– including business and soft skills training, networking, peer-to-peer coaching activities, one-on-one mentoring, and specialized business clinics– that directly address the range of constraints restricting their growth.

Enclude, which is implementing the project in Karachi, Lahore, and Peshawar invites interested business women to apply now at  Applications for the current session will close on February 10, 2016.

To hear about participants’ experiences in their own words, view this inspiring short video (

Posted on November 10, 2015

Leading up to the Power Shift conference in Oxford, Enclude CEO Laurie Spengler talks with MasterCard Center for Inclusive Growth about the costs to society of failing to fully tap women as economic contributors, and what it will take to achieve greater economic inclusion and empowerment for women around the world. Power Shift Forum for Women in the World Economy brought together global leaders in Oxford Nov. 9th–10th to collaborate on solutions to obstacles women face in markets. Read the interview on the MasterCard Inclusion Hub.

Posted on August 11, 2015

WomenX Pakistan has been nominated for the 2015 Global Sourcing Council 3S Awards!  Help us get the word out about the amazing women entrepreneurs in the program by checking out our 5 minute video and voting for WomenX to win the 3S People’s Choice Award.

3S is an international awards program showcasing projects that bring sustainable and socially responsible sourcing principles into daily practices. Winners will be honored at the the United Nations Gala ceremony, September 16, 2015, the eve of the 70th General Assembly, where world leaders will adopt post-2015 Sustainable Development Goals (SDGs). SDGs are shaping the future of global development and will redefine the business role in global development. All winners and nominees receive tremendous global visibility to thought leaders, industry influencers and key decision makers.

WomenX Pakistan is a pilot for a global World Bank program to support high-growth potential women entrepreneurs. The program is being implemented in Karachi and Peshawar by Enclude. Through the program, participating women business owners receive a package of services that directly address the range of constraints restricting their growth – with an emphasis on developing their capacity to improve enterprise management services and business performance outcomes – thereby stimulating job creation and contributing to economic growth. At a macro level, the program fosters a more innovative and inclusive entrepreneurial eco-system for women entrepreneurs.

Posted on August 06, 2015

Elizabeth Littlefield, President & CEO of OPIC, weighs in on what it means to make an impact investment and how to be inclusive of more traditional investors early forays into the space.  Littlefield thinks with Enclude President & CEO Laurie Spengler about whether every impact investment needs to hit the bullseye – and if not, how do we think inclusively and carefully about what impact investing can mean.

Posted on July 16, 2015

Where financial inclusion increases rapidly, so must financial capability.  Working with the World Bank, Ministry of Economic Planning and Finance (MINECOFIN), and the Rwanda Cooperative Agency (RCA), Enclude is piloting a financial education curriculum to be delivered via Rwandan SACCOs. Read more here.

Posted on June 15, 2015

Enclude has had the pleasure to work with CASE i3 student co-chair Evelyn Powery on the initial stages of a forthcoming addition to our suite of tools that support financial institutions to reach their goals working with their female clients.  The CASE i3 Fellowship allows practitioners to engage MBA students on real-world challenges related to the diverse field of impact investing.

Evelyn shares why the project attracted her interest:

“Enclude’s Gender Team works with financial institutions, companies and social enterprises to more effectively serve women clients. … Why is this focus on women so important? Women entrepreneurs lead one-third of all small and medium enterprises (SME) in developing countries. However, only 16-18% of SME lending goes to women-led enterprises, leaving a gap that Enclude is hoping to help its clients fill. As we look at the barriers that women face and ways that financial institutions can be more intentional about reaching women effectively, the goal is to help women-led enterprises grow stronger, making the entire community stronger. To get there, we will need to see collaboration between lenders, entrepreneurs, capacity-builders, government agencies, and advisory firms like Enclude.”

Check out more of Evelyn’s observations on the CASE Blog.