Partners for the Common Good, Inc.
United States of America
Last updated 13 May 2020, by Impactyield.
Partners for the Common Good (PCG) is a US based nonprofit loan fund that is a U.S. Department of Treasury certified Community Development Financial Institution (CDFI). Our international portfolio supports primarily microfinance with secondary focus on fair trade organizations across the globe that benefit the poor. Within the United States, we operate as a loan participation network among mission-based lenders to support affordable housing, community facilities, neighborhood revitalization and non-profit and for-profit social enterprises creating benefits for low income people and communities. Our revolving fund is capitalized through the sale of Community Development Notes (CDNs) (a debt security) to qualified institutions for terms of 5-10 years at a fixed annual return rate of 0-3% (negotiated). Sales of CDNs must comply with all Federal and state securities laws. All CDNs are issued pari passu.
PCG received a strong rating of AA2+ by the CDFI Assessment and Rating System in 2010 based on financial, social impact, and policy advocacy performance. We have a near 100% renewal rate among maturing investors, have never lost a single dollar of investor principal nor missed an investor interest payment.PCG has a long record of successfully supporting microfinance and fair trade funds promoting poverty reduction within the developing world. Within our U.S. strategy, we have built a strong network of local lending partners with intimate knowledge of communities served and ability to conduct direct due diligence and monitoring. Our staff, external loan committee, network of specialized underwriting consultants, and Board collectively possess strong expertise within all of the sectors we support. We generally serve only borrowers with 3+ years operations, strong management teams, strong cash flows and/or debt coverage ratios, and ability to pledge traditional and non-traditional collateral. We limit exposure by loan size, borrower, lending partner, and geography.
of track record
the year funded
Key performance indicators
Asset manager: Partners for the Common Good
Product track record: Fund has 22 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: Open - post first close
Inception year: 2001
Vintage year: 2002
Target region: Africa, Emerging countries
Target close date: n.a.
Product term: 3-10 years
Assets under management: n.a.
Investment size: Min: 50,000; Max: 500,000; Avg: 330,000
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 90
Fund investments to date exited or repaid: 1
Management fee: n.a.
Carried interest: n.a.
Hurdle rate: n.a.
GIIN Investors' Council Investment: No
Limited Partners / Investors: Not Applicable
Limited Partner / Investor Type: Development Finance Institution (DFI), Endowments/Foundations, Family Office, Pension Funds, Other Institutional Investors
Phone number: 202-689-8935
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Development & Communications Coordinator
Chief Executive Officer
We lend to microfinance institutions and fair trade organizations with a proven track record of contributing to poverty reduction and promoting economic justice among the poor across the globe. Over 2007-2009, our work assisted MFI borrowers in serving 628,000 microentreprenurs with strong targeting to poor clients and women. Similiarly, within the U.S., promoting access to socially responsible capital is a proven tool for facilitating economic justice among under served low income people and communities. Within our US portfolio, we collect a range of indicators consistent with the CDFI Data Project and the Community Impact Investment System of the U.S. Department of Treasury CDFI Fund. Over 2007-2009, our work helped borrowers finance 1,919 units of affordable housing, create and/or maintain 579 jobs, finance 267,748 square feet of community facility and neighborhood commercial real estate, and enable community service borrowers to serve an average of 1,400 people per month.