Mce Social Capital
Mce Social Capital
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About this organization
Mission
Mce Social Capital (MCE) is a nonprofit impact investing firm that provides flexible capital to enterprises committed to generating sustainable livelihoods in emerging markets –with a focus on women and the environment– to allow these enterprises to scale and better serve their customers, their employees, and their communities.
About
During 2018, Mce Social Capital issued $31.1 million in new loans to 31 microfinance institutions (MFI) and small and growing businesses (SGB). At the end of 2018, Mce's total outstanding portfolio of loans was $60.8 million held by 61 MFIs and SGBs. This capital will be used to support the development of businesses of poor entrepreneurs in 34 countries around the world. Since disbursing its first loan in 2006, Mce has financed loans for over 400,000 micro-borrowers, impacting the lives of over 2 million individuals in more than 45 countries. Mce focuses its lending activities on women borrowers living in rural areas.
Interesting data from their 2020 990 filing
The non-profit's mission, as documented in the filing, is “To reduce poverty by mobilizing private sector investment capital to finance micro-businesses, small and medium sized enterprises, and similar organizations to improve human lives throughout the developing world.”.
When explaining its purpose, the activities were described as: “Mce social capital aims to leverage private capital loans and loan guarantees to finance micro, small finance institutions, and growing businesses throughout the world.”.
- The non-profit is legally allowed to operate in the state of CA, as reported.
- The filing provides the non-profit's address in 2020 as 5758 GEARY BLVD NO 261, SAN FRANCISCO, CA, 94121.
- The non-profit has a total of 14 employees, as reported on their form for 2020.
- Is not a private foundation.
- Expenses are greater than $1,000,000.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $908,472.
- The organization has 10 independent voting members.
- The organization was formed in 2005.
- The organization pays $1,213,963 in salary, compensation, and benefits to its employees.
- The organization pays $95,247 in fundraising expenses.
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