Part of series developed by UN Women and the Luxembourg Stock Exchange with the support of Luxembourg Aid & Devlopment, this case study highlights an innovative financing approach for gender equality through a social bond, a type of use of proceeds (UoP) bond, issued by Banque Central Populaire (BCP), a commercial bank in Morocco. A UoP directs the bond proceeds toward the economic activities of identified investees. This $20.4M USD bond issued in 2021 directs its proceeds to support micro-loans for women. The bond issuance was supported by the Moroccan Capital Markets Authority, which published guidelines on gender bonds in 2021.