Fundraising Status:inactive
Risk Rating:
What to know about this Lending Partner
Impact Category:
SME Financial Inclusion
Default Rate:
0%
Currency Exchange Loss Rate:
0%
Total Loans Raised:
$150,000
Loans at Risk Rate:
0%
Kiva Borrowers:
3
Delinquency Rate:
0%
Interests and Fees:
9% APR
Kiva conducts regular, ongoing monitoring of all Lending Partners, but only posts status updates here in response to relevant, major changes at the partner.
Partner description:Founded in 2006, MCE Social Capital is a nonprofit impact investing firm that uses a pioneering loan guarantee model to generate economic opportunity for women and families living in poverty throughout the developing world.
Leveraging the excellent credit of high net worth individuals and foundations (its guarantors), MCE borrows capital from U.S. and European financial institutions and accredited investors. MCE then strategically deploys this capital to 2 types of organizations:
- Microfinance Institutions (MFIs) that help people living in rural areas gain access to credit, savings accounts, insurance, healthcare and health education, business education and technical assistance.
- Small and Growing Businesses (SGBs) in the agriculture value chain, water & sanitation and renewable energy sectors, to create reliable jobs in rural economies, raise smallholder farmers’ incom and address basic needs in underserved areas.