Interested in this fund?
Log in or create an account to request more information.
Gain a deeper and comprehensive understanding of how this fund generates positive impact in the themes and SDGs that matter to you, with insights provided by our dedicated team of expert analysts, and receive notifications about new available impact products, exciting investment opportunities, and relevant updates in the world of impact investing.
Capital for Communities Fund
United States of America
Last updated 12 May 2020, by Impactyield.
Fund geography
Emerging countries (256) / Latin America and the Caribbean (38) / Central America (15) / El Salvador (5)
The Capital for Communities Fund is a mechanism for helping to alleviate poverty by channeling funds from North American investors to enterprises owned by low-income Latin Americans. It emphasizes lending to small farmers, women-owned businesses, cooperatives and other enterprises of the organized poor. The aim of the credit is to provide these marginalized people an opportunity to increase their income and assets in order to rise out of poverty.
Financial description
Working Capital for Community Needs offers the opportunity to participate the Capital for Communities Fund by investing in Capital for Communities Notes. Fund Notes pay a fixed return of up to 4.25% annual simple interest according to the size and term of the Note.
Our average portfolio is consistently over $11 million and we actively deploy 100% of investor funds and deploy above 85% of our total assets.
33 years
of track record
1991
the year funded
20,000,000 USD
AUM
Interested in this fund?
Log in or create an account to request more information.
Gain a deeper and comprehensive understanding of how this fund generates positive impact in the themes and SDGs that matter to you, with insights provided by our dedicated team of expert analysts, and receive notifications about new available impact products, exciting investment opportunities, and relevant updates in the world of impact investing.
Asset manager
Impact Category
Key performance indicators
Fund overview
Asset manager: Working Capital for Community Needs
Product track record: Fund has 33 years of track record
Target IRR: n.a.
Committed Capital: n.a.
Target return category: Below risk-adjusted market-rate of return
Fund domicile: United States of America
Product status: Open - committed capital
Style/Stage:
Inception year: 1991
Vintage year: 1991
Target region: Central America, El Salvador, Emerging countries, Latin America and the Caribbean
Target close date: n.a.
Product term: n.a.
Assets under management: 20,000,000 USD (US Dollar)
Investment size: Min: 50,000; Max: 1,000,000; Avg: 362,000
Co-investment policy: LPs do not have priority, With LPs and non-LPs
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 182
Fund investments to date exited or repaid: 146
Management fee: n.a.
Carried interest: n.a.
Hurdle rate: n.a.
GIIN Investors' Council Investment: No
Limited Partners / Investors: n.a.
Limited Partner / Investor Type: Family Office, Other Institutional Investors, Retail Investors
Contact
E-mail: n.a.
Website: http://www.wccn.org
Phone number: 608-257-7230
If you wish to have your details removed from this database please email gdpr@impactyield.com
Jeanne Duffy
Director of Operations
Nancy Metzger
Executive Director
Impact Performance
n.a.
Impact thesis
The Capital for Communities Fund addresses root causes of poverty and social injustice by providing low-income Latin Americans with access to capital that they can use to gain control over their own lives and communities. By building upon community-based institutions, the Fund promotes and strengthens communities' control over their economic fate. The Fund also functions as a means for connecting everyday people in the U.S. with microcredit borrowers in Latin America by accepting investments in Capital for Communities Fund Notes for as little as $1,000.
Impact Management
n.a.