MCE Social Capital
Status: Approved investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
MCE Social Capital (MCE) is a US-based non-profit impact investing firm that invests flexible capital in enterprises committed to generating sustainable livelihoods, with a focus on women and environmental and climate action, to allow these enterprises to scale and better serve their customers, their employees, and their communities. The Development Contribution Grant will benefit MCE Empowering Sustainable Agriculture Fund which focuses on achieving a sustainable agricultural ecosystem by providing funds to (i) agricultural small-growing businesses and (ii) to rural-focused Financial Service Providers.
What is our funding objective?
FMO's Technical Assistance project will support to strengthen MCE’s capabilities in two areas: 1) impact measurement and management and 2) risk management which will help boost the knowledge of MCE’s existing staff and inform MCE’s future staffing needs in these areas.
Why do we fund this investment?
The proposed TA project fits with MASSIF’s strategy to strengthen the financial infrastructure for smallholders and rural MSMEs, which are considered one of the most financially excluded segments. Additionally, the project will ensure knowledge and skill development of the fund manager’s staff, making it a sustainable intervention.
- Sector
- Financial Institutions
- Publication date
- 9/1/2023
- Effective date
- 8/16/2023
- Total FMO financing
- USD 0.16 MLN
- Funding
- MASSIF