MCE Social Capital
Last updated 10 July 2020, by Impactyield.
MCE Social Capital (www.mcesocap.org) 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 May 2015, MCE has issued over $95 million in loans to more than 70 organizations in over 30 countries across four continents. As of May 2015, 84 Guarantors are in MCE’s guarantee pool, representing $103MM of guaranteed capital.
Incorporation year: 2006
Headquarters location: United States of America
Currency for fund / product figures: USD (US Dollar)
Total firm assets under management: 35000000 USD
Membership and other professional affiliations: Aspen Network of Development Entrepreneurs (ANDE)
Years top investment professionals have worked together: 3