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MCE Social Capital
Approved to post Kiva loans from: United States, Benin, Cote D'Ivoire
Kiva conducts regular,ongoing monitoring of all Field Partners, but only posts status updates here in response to relevant, major changes at the partner.
Partner description: MCE Social Capital is a nonprofit impact investing firm that makes loans to organizations that help people living in poverty improve their lives. Their innovative approach consists of activating private sector capital for microfinance institutions and social enterprises by using a guarantee system. They leverage the investment portfolios of foundations, corporations and high-net-worth individuals as a guarantee that is only used if loans are defaulted. The use of these funds results is a tax-deductible (for U.S. taxpayers) contribution to MCE. As such, no payments are made for providing the guarantee but a tax receipt is received in the event the guarantee is utilized. Their partners’ clients are nearly 80% women, most of whom are living in rural areas, and the partners tend to offer health or business education as well. Because of their mission, MCE’s partners do overlap with some of Kiva’s Field Partners. MCE has been selected among the top 10 finalists of USAID's PACE program and has been one of Impact Asset’s Top 50 Impact Investment Funds in 2012, 2013, 2014 and 2015.
A unique lending approach: In 2014, MCE launched a new program, called the Frontier Fund. This fund supports small and medium enterprises led by local entrepreneurs while striving to empower women, promote agriculture and food security, or access to water and sanitation services. The Frontier Fund aims to finance the missing middle–businesses too large to benefit from microfinance but to small or new to benefit from traditional financing–and demonstrate their impact and credit worthiness.