Dutch development Bank FMO Invests $4.4 Million in Global Partnerships’ Social Investment Fund 2010
Global Partnerships (GP), a Seattle-based nonprofit that invests in microfinance and other sustainable poverty solutions, and the Netherlands Development Finance Company (FMO), a leading European development bank, announced today that FMO has invested $4.4 million in GP’s Social Investment Fund (SIF 2010). SIF 2010 is a $25 million fund (including FMO’s investment) that makes loans to exceptional microfinance institutions in Latin America.
$4.5 million for Excellence in Microfinance
Global Partnerships (GP), a 16-year-old nonprofit that supports microfinance and other sustainable solutions to poverty, announced today that it has invested $4.5 million of its new $20 million social investment fund in six outstanding microfinance institutions (MFIs) in Latin America. Three of the partners are new to GP.Global Partnerships Closes $20 Million Fund Aimed at "Microfinance Plus"
Global Partnerships (GP), a 16-year-old nonprofit that supports microfinance and other sustainable solutions to poverty, announced today that it closed its fourth social investment fund at $20 million. Over the next five years, Social Investment Fund 2010 (SIF 2010) will provide much-needed loan capital to up to 20 select microfinance institutions (MFIs) in Latin America.