GLOBAL PARTNERSHIPS
Status: Completed 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
Global Partnerships (GP) is a nonprofit impact investor whose mission is to expand opportunity for people living in poverty. GP helps impoverished people increase their incomes and improve their lives by using philanthropic capital to identify promising, early-stage opportunities and loan capital to sustain and expand proven solutions to poverty.
What is our funding objective?
The aim of this project is to support GP in expansion of its activities to Africa, with a focus on solar lighting, rural livelihoods focused on smallholder farmer services, and business education / financial literacy for primarily female microentrepreneurs. GP has opened an office in East Africa, from which its efforts in Africa―initially in Kenya, Rwanda, Tanzania and Uganda―will begin.
Why do we fund this investment?
The project is very highly aligned with FMO’s strategy due to its focus on renewable energy solutions, smallholder farmers and female entrepreneurs targeting those at the base of the pyramid. Prior experience with GP has been very positive (in Latin America and the Caribbean) and the GP model has great potential for replication in Africa.
More investments
| Date | Total FMO financing |
|---|---|
| 8/26/2021 | EUR 0.20 MLN |
- Region
- Africa
- Country
- Africa
- Sector
- Financial Institutions
- Effective date
- 12/16/2015
- End date
- 1/14/2020
- Total FMO financing
- EUR 0.20 MLN
- Funding
- MASSIF