Global Bridge Fund

United States of America

Last updated 13 May 2020, by Impactyield.

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Accion launched its Global Bridge Fund (GBF) in 2005, as a mechanism for linking microfinance institutions (MFIs) with commercial banks and financial markets. Using loans from investors, the GBF provides Accion partner MFIs with guarantees to access local bank lines of credit and to issue debt instruments with the goal of expanding the sources of loan portfolio funding available to MFIs and their microentrepreneurs. The GBF is built upon Accion’s successful track record with its Latin America Bridge Fund (LABF), which was established in 1984, as the first ever loan guarantee fund for MFIs.

While the Accion Latin America Bridge Fund proved to be a success, its geographical coverage is limited to Latin America and the Caribbean and it guarantees only credit lines. The GBF was created to contribute to the global expansion of microfinance through financial assistance to MFIs worldwide, supporting Accion's strategy to pursue a global expansion, through technical and financial assistance in Latin America, the Caribbean,Africa and other regions of the world where Accion may expand as part of its strategic mission. In addition to lines of credits, the Accion GBF guarantees the issuance of fixed-income instruments.

Since its founding, Accion's Bridge Funds have provided nearly US$100 million in guarantees to 28 MFIs in 12 countries, leveraging more than US$25 million in microloans to over 350,000 microentrepreneurs.

Asset class


Fund style

Not listed

Financial description

Accion’s Global Bridge Fund offers socially responsible investors an opportunity to achieve a dual goal: social and financial returns. As an investor, you will be able to earn interest and diversify your portfolio revenue, while your pooled funds support the issuance of guarantees for small to mid-size MFIs and, as a result, foster financial inclusion and fuel economic opportunity for millions of hardworking small business owners all over the world.
Some insurance features to manage investors' risk include a fund reserve, presently equivalents to 25% market value of total committed capital, as well as the requirement from guarantee recipients to maintain a loan loss provisioning level of no less than 80% the amount of non-performing assets.

18 years

of track record


the year funded



SDG goals

SDG targets

Equal rights to ownership basic services technology and economic resources

Increase access to financial services and markets

Key performance indicators

Fund overview

Asset manager: Accion

Product track record: Fund has 18 years of track record

Target IRR: n.a.

Committed Capital: n.a.

Target return category: Below risk-adjusted market-rate of return

Fund domicile:

Product status:


Inception year: 2005

Vintage year: 2005

Target region: ,

Target close date: n.a.

Product term: 18 months to 60 months

Assets under management: n.a.

Investment size: Min: 500,000; Max: 2,000,000; Avg: 1,000,000

Co-investment policy:

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 28

Fund investments to date exited or repaid: 25

Management fee: n.a.

Carried interest: n.a.

Hurdle rate: n.a.

GIIN Investors' Council Investment: No

Limited Partners / Investors: Past and present investors in the fund include Calvert Social Investment Foundation, John D. & Catherine T. MacArthur Foundation, Walden Asset Management, Loring, Wolcott and Collidge, and The Sandy River Charitable Foundation.

Limited Partner / Investor Type: Development Finance Institution (DFI), Family Office, Retail Investors


E-mail: n.a.


Phone number: (202) 393-5113

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Impact Performance


Impact thesis

Accion is an innovator in financial access, developing many of the best practices and emerging standards in the industry. It provides a full range of management services, investment and governance support to help financial institutions build institutional capacity, provide diversified high-quality financial services, become financially sustainable and reach meaningful scale. Criteria to extend a guarantee are determined case by case. Nonetheless, as a general indication, basic profile of a typical recipient institution includes: (i) being an Accion's partner MFI, (ii) at least 2 years of audited financials, (iii) no less than US$1 million in loan portfolio, and (iv) ability to create a significant social impact in BOP clients.
For every dollar invested in the GBF, approximately 4 to 5 dollars (in equivalent local currency funding) will be made available, indirectly by Accion, in microloans for microentrepreneurs to expand their businesses.

Impact Management


Financial benchmark

Term Description:


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