Investment Type: Private Debt
Year: 2017, 2018
Organization Type: Nonprofit
MCE Social Capital is a nonprofit impact investing firm that uses a pioneering loan guarantee model to generate economic opportunities for hundreds of thousands of people, particularly women, in more than 30 countries. Their loan guarantee model enables borrowers to successfully unlock millions of dollars of capital for businesses and entrepreneurs in developing countries.
Why we invest:
Tara Health made a traditional debt investment in MCE and provided a loan guarantee. This simple yet innovative financing method provides a way to dramatically increase the amount of capital borrowers can access globally. With a loan guarantee, the investor only loses money if a borrower defaults on their loan. We also made a direct debt investment as well, which further unlocks capital at very little risk to our broader investment portfolio.