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Global Partnerships Microfinance Fund 2006
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)
Microfinance Fund 2006 (MFF 2006) was an $8.5 million fund providing growth capital to 14 Latin American microfinance institutions (MFIs) in six countries. The fund targeted social enterprise MFIs that reinvested profits in support of their social mission. The fund has repaid investors 100% on time and in full.
Financial description
Microfinance Fund 2006 is a tranche-structured fund with risk absorbed from the bottom-up; the fund consists of an equity layer (3% of fund size), Junior Subordinated Notes (4% of fund size), Subordinated Notes (26% of fund size) and Senior Notes (66% of fund size). Five year fund, interest paid quarterly, principal paid over eight equal payments over final two years of the fund.
18 years
of track record
2006
the year funded
8,500,000 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
Global Partnerships
Headquarters location: United States of America
Other funds managed by this asset manager: Global Partnerships Social Investment Fund 6.0Global Partnerships Microfinance Fund 2005Global Partnerships Microfinance Fund 2008Global Partnerships Social Investment Fund 2010Global Partnerships Social Investment Fund 5.0
SDG goals
SDG targets
Equal rights to ownership basic services technology and economic resources
Universal access to safe and nutritious food
Universal access to sexual and reproductive care, family planning and education
Free primary and secondary education
Increase access to financial services and markets
Impact Category
Key performance indicators
Fund overview
Asset manager: Global Partnerships
Product track record: Fund has 18 years of track record
Target IRR: 6%
Committed Capital: 8,500,000 USD (US Dollar)
Target return category: Below risk-adjusted market-rate of return
Fund domicile: United States of America
Product status: Completed
Style/Stage:
Inception year: 2006
Vintage year: n.a.
Target region: Central America, El Salvador, Emerging countries, Latin America and the Caribbean
Target close date: n.a.
Product term: 5 year term
Assets under management: 8,500,000 USD (US Dollar)
Investment size: Min: 250,000; Max: 750,000; Avg: 500,000
Co-investment policy:
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 14
Fund investments to date exited or repaid: 14
Management fee: 1%
Carried interest: n.a.
Hurdle rate: n.a.
GIIN Investors' Council Investment: Yes
Limited Partners / Investors: n.a.
Limited Partner / Investor Type: Development Finance Institution (DFI), Endowments/Foundations, Family Office, Other Institutional Investors
Contact
E-mail: info@globalpartnerships.org
Website: http://www.globalpartnerships.org/sections/aboutus/aboutus_sourcesofcapital.htm
Phone number: 206-456-7832
If you wish to have your details removed from this database please email gdpr@impactyield.com
Impact Performance
n.a.
Impact thesis
Microfinance Fund 2006 (MFF 2006) selected microfinance institutions (MFIs) who share Global Partnerships' commitment to social impact. MFF 2006 is invested in a portfolio of MFIs whose clients are 77% women and 45% of whom live in rural areas. Additionally, a majority of the MFIs receiving loans from MFF 2006 provide additional social services, including health services and education, business training and rural ag technical assistance.
Impact Management
n.a.
Financial benchmark
Absolute return
Term Description:
Keywords
Bottom/Base of the PyramidMinorities/Previously Excluded PopulationsRuralWomen