Global Partnerships Impact-First Growth Fund, LLC
Status: Proposed investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
We welcome feedback on this proposed investment opportunity for FMO. The ending of the proposed investment phase is indicated on the right side of this page. In case of questions, please contact us at disclosure@fmo.nl
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 prospective customer?
Global Partnerships Impact First Growth Fund (IFGF) was launched as a strategic response to the COVID-19 pandemic, providing debt financing to microfinance institutions (MFIs) and social enterprises that deliver essential products and services to people living in poverty across low-income, fragile, and conflict-affected countries across Sub-Saharan Africa (SSA) and Latin America and the Caribbean (LAC). The Fund is managed by GP Fund Management LLC (GP), an impact-first fund manager with whom FMO has a longstanding relationship.
What is our funding objective?
FMO will provide a USD 8mln senior, unsecured loan to IFGF with a tenor of 6 years. The loan will be directed to micro-, small-, and medium-sized enterprises (MSMEs) serving women living in poverty, as well as to agricultural and rural activities in countries eligible under the MASSIF program.
Why do we want to fund this investment?
FMO has invested in GP-managed debt funds since 2010. The Fund Manager has extensive experience managing social impact investments since 2005 and is considered a trusted partner. Through an investment in IFGF, FMO will continue to support the client in generating social impact across LAC and SSA, reaching those at the bottom of the pyramid. Consequently, the loan qualifies for a 100% Reducing Inequalities (RI) label.
What is the Environmental and Social categorization rationale?
IFGF has E&S Category C, in accordance with FMO’s Sustainability Policy. Given the Fund's focus on microfinance institutions and small social enterprises, its activities are deemed to have a limited adverse impact on the environment. While contextual risks related to microfinance are elevated in certain exposure countries of the fund, IFGF has adequate mitigation measures in place, including a clear client protection framework. Additionally, the client's Environmental and Social Management System is aligned with the EDFI Exclusion list and local laws and regulations.
- Website customer/investment
- https://globalpartnerships.org/debt-funds/
- Country
- United States
- Sector
- Financial Institutions
- Publication date
- 8/28/2025
- Deadline for feedback
- 9/27/2025
- Total FMO financing
- USD 8.00 MLN
- Funding
- MASSIF
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - C