Global Partnerships Microfinance Fund 2008

United States of America

Last updated 12 May 2020, by Impactyield.

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Microfinance Fund 2008 (MFF 2008) was a $20 million fund providing growth capital to mission-driven social enterprises in seven Latin American countries. The fund drove capital to partners working within the following four impact areas: health services, rural livelihoods, green technology and microentrepreneurship.

Asset class

Fund status

Fund style

Not listed

Financial description

Microfinance Fund 2008 was a tranche-structured fund with risk absorbed from the bottom-up; the fund consisted of an equity layer (7% of fund size), Junior Subordinated Notes (2% of fund size), Subordinated Notes (34% of fund size), and Senior Notes (56% of fund size). Six year fund, interest paid quarterly, bullet principal payment at fund's maturity.

15 years

of track record


the year funded

20,510,250 USD


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

Increase aid for trade support

Increase access to financial services and markets

Key performance indicators

Fund overview

Asset manager: Global Partnerships

Product track record: Fund has 15 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: 2008

Vintage year: n.a.

Target region: , , ,

Target close date: n.a.

Product term: 6 years

Assets under management: 20,510,250 USD (US Dollar)

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: 55

Fund investments to date exited or repaid: 55

Management fee: 1.25%

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




Phone number: 206-456-7832

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Impact Performance


Impact thesis

Microfinance Fund 2008 (MFF 2008) invested in social enterprises who share Global Partnerships' commitment to social impact. MFF 2008 invested in a portfolio of partners whose clients are 81% women and 44% of whom live in rural areas. Additionally, a majority of the partners receiving loans from MFF 2008 provide additional social services, including health services and education, business training and rural ag technical assistance. MFF 2008 also extended loans to several cooperatives that focus on smaller, rural geographic regions; surpluses generated from these partners are typically distributed as dividends to members, lower prices or through investment in community development initiatives.

Impact Management


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