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Loan Guarantee Microfinance Investment Vehicle

United States of America

Last updated 12 May 2020, by Impactyield.

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MCE is a non-profit public benefit corporation that utilizes a loan guarantee model to help people living in poverty access credit and other financial services on fair terms globally.

By leveraging the balance sheets of high net-worth individuals and foundations, MCE borrows private sector capital, primarily through commercial loans from U.S. banks, which it then carefully deploys to microfinance institutions (MFIs) across the developing world.

Under its unique model, MCE has disbursed more than $95 million in loans to MFIs, which have in turn made more than 351,000 loans (valued at $157 million) to people living in poverty since its founding in 2006.


Asset class

,

Fund style

Not listed


Financial description

MCE takes a business-driven, social enterprise approach to its financial sustainability by covering its lean budget with earned revenue and maintaining a prudent level of liquidity reserves. MCE has been financially self-sufficient (in the black) since 2006. MCE currently has 84 Guarantors representing $103 million in loan guarantees. Over $50 million in loans have successfully matured and MCE’s portfolio companies currently have a 99.3% repayment rate. MCE maintains a ratio of 2:1 for Guarantees to portfolio value and this, along with the strong creditworthiness of its Guarantors, allows it to unlock traditionally domestic, private-sector debt capital to fund MFI loans.

18 years

of track record

2006

the year funded

50,000,000 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

SDG goals

SDG targets

Equal rights to ownership basic services technology and economic resources

Increase aid for trade support

Increase access to financial services and markets

Key performance indicators

Fund overview

Asset manager: MCE Social Capital

Product track record: Fund has 18 years of track record

Target IRR: n.a.

Committed Capital: n.a.

Target return category: Risk-adjusted market-rate of return

Fund domicile:

Product status:

Style/Stage:

Inception year: 2006

Vintage year: 2006

Target region: , ,

Target close date: n.a.

Product term: 10 year term

Assets under management: 50,000,000 USD (US Dollar)

Investment size: Min: 75,000; Max: 2,000,000; Avg: 602,000

Co-investment policy:

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 70

Fund investments to date exited or repaid: 83

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: n.a.

Contact

E-mail: info@mcesocap.org

Website: http://www.mcesocap.org

Phone number: 4152304330.00

If you wish to have your details removed from this database please email gdpr@impactyield.com


Ben Stone

Director of Strategy and General Counsel

Pierre Berard

Director of Portfolio Management

Impact Performance

n.a.

Impact thesis

MCE prioritizes loans to organizations that serve a high percentage of women, operate in rural communities, and offer clients additional services like savings, mobile banking, business and health education, healthcare, or insurance (78% of MCE’s end borrowers are women and 79% live in rural areas).

Impact Management

n.a.

Financial benchmark