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Global Partnerships Microfinance Fund 2008
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 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.
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.
16 years
of track record
2008
the year funded
20,510,250 USD
AUM
Interested in this fund?
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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 2006Global 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
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 16 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: Completed
Style/Stage:
Inception year: 2008
Vintage year: n.a.
Target region: Central America, El Salvador, Emerging countries, Latin America and the Caribbean
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: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
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
Contact
E-mail: info@globalpartnerships.org
Website: http://www.globalpartnerships.org/our-investments/our-investment-funds/
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 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
n.a.
Financial benchmark
Term Description:
Keywords
Bottom/Base of the PyramidCommunity Investing/LocalMinorities/Previously Excluded PopulationsRuralUrbanWomen