MCE Social CapitalStatus: Approved investment
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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.
What is the Environmental and Social categorization rationale?
- United States
- Financial Institutions
- Publication date
- Effective date
- Total FMO financing
- USD 0.16 MLN