BOSTON, July 8, 2016: Morgan Lewis served as principal outside counsel during the development of Microbuild, a microfinancing fund created by Habitat for Humanity to help low-income families in developing countries to improve and maintain their homes, or build new homes.
The Morgan Lewis team that advised on the microfinancing fund’s formation was led by partner Carl Valenstein, an adjunct professor at the Michigan Law School International Transactions Clinic, which collaborated with Habitat for Humanity to establish the fund. Support was provided by Morgan Lewis partner Anne Bandes and associates Jyoti Kuvelker and Tasmin Din. Their work on this fund is a part of the firm’s Impact Investment Initiative, which seeks to support social enterprises, microfinance institutions and other impact investors.
Since its 2012 establishment, the fund has doubled in value and last night received the Access to Finance Award from the Overseas Private Investment Corporation (OPIC) at a ceremony held at the US Chamber of Commerce in Washington, D.C.