GLOBAL PARTNERSHIPS SOC IF 6.0, LLC
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
Global Partnerships Fund Management LLC (GP) has launched its sixth debt investment fund, GP Social Investment Fund 6.0 (SIF 6.0 or the Fund). In line with previous funds, SIF 6.0 provides loans to financially self-sustaining microfinance institutions (MFIs), agricultural cooperatives and other types of "social enterprises" -entities providing basic products and services to the Base of the Pyramid (BoP) in Latin American and Sub-Saharan Africa.
What is our funding objective?
FMO is investing USD 8 million in 5 and 10 year notes that will catalyze shorter-tenor notes. The Fund's mission is to invest in sustainable solutions that help impoverished people earn a living and improve their lives. It does this by providing financing to social enterprises working in one or more of the following investment initiatives: women-centered finance with education; women-centered finance with health; rural-centered finance with education; smallholder farmer services; and solar lights. It is anticipated the Fund will invest in additional initiatives over time, such as home improvement finance or more efficient cook stoves.
Why do we 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. With SIF 6.0, GP is broadening its scope from MFIs that provide additional services to include other types of entities with a clear social impact (e.g. solar energy products for rural households), and is expanding its operations into Africa.
More investments
| Date | Total FMO financing |
|---|---|
| 8/30/2021 | USD 5.00 MLN |
| 9/16/2016 | USD 5.00 MLN |
- Website customer/investment
- http://www.globalpartnerships.org
- Region
- Latin America & The Caribbean
- Country
- Latin America & The Caribbean
- Sector
- Financial Institutions
- Effective date
- 9/16/2016
- Total FMO financing
- USD 3.00 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) - B