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Latin America; Middle East / North Africa; Subsaharan Africa; Southeast Asia; Central Asia

MCE Social Capital Mobilizing capital to generate economic opportunities for people in the developing world.

OVERVIEW

Description

MCE leverages the strong balance sheets of its Guarantors (high-net-worth individuals, foundations, and other entities) to mobilize capital for hundreds of thousands of people, primarily women, living in poverty in the developing world. Each MCE Guarantor provides a minimum $1 million full recourse guarantee to MCE. With this financial backing, MCE borrows 50% of the total value of its guarantees from institutional lenders and then lends the capital to microfinance institutions (MFIs) and similar organizations. If an MFI cannot pay all or a portion of its loan obligation, Guarantors make a tax-deductible payment to MCE calculated as the amount of the default divided by the number of guarantee units. From 2005 to September 2014, MCE has issued over $84 million in loans to more than 60 organizations in over 30 countries across four continents. As of December 2014, 79 Guarantors are in MCE's guarantee pool, representing $97MM of guaranteed capital.

FUNDING TYPES AND CRITERIA

Provides direct investment

INTERESTED IN THESE SECTORS

Agriculture; Arts, Culture, Handicrafts; Civic Participation; Clean and Green Technology; Communications / Media / ICT; Disabilities; Disaster Recovery; Distribution / Supply Chain; Education; Employment, Livelihood, Income Generation; Energy; Enterprise Development, SME; Environment, Climate Change; Fair Trade, Organic Products; Financial Serv./Inclusion, Microfinance; Food and Nutrition; Health; Housing, Shelter, Homelessness; Mobile; Natural Resources / Conservation; Peace and Security; Sanitation, Waste Management; Tech; Training, Technical Assistance Services; Water; Web, SaaS, Online Tech; Women, Girls

social vs. financial return preference

  • 1: Social Return First

Types of entities

  • For Profit
  • Non-Profit
  • Hybrid

providing funding for these regions

  • Latin America
  • Middle East / North Africa
  • Subsaharan Africa
  • Southeast Asia
  • Central Asia

funding types

  • Debt