As stated by the FMO, MCE Social Capital is a US-based non-profit impact investing firm that invests flexible capital in enterprises committed to generating sustainable livelihoods, with a focus on women and environmental and climate action, to allow these enterprises to scale and better serve their customers, their employees, and their communities. The Development Contribution Grant will benefit MCE Empowering Sustainable Agriculture Fund which focuses on achieving a sustainable agricultural ecosystem by providing funds to (i) agricultural small-growing businesses and (ii) to rural-focused Financial Service Providers.
FMO's Technical Assistance project will support to strengthen MCE's capabilities in two areas: 1) impact measurement and management and 2) risk management which will help boost the knowledge of MCE's existing staff and inform MCE's future staffing needs in these areas.
The proposed TA project fits with MASSIF's strategy to strengthen the financial infrastructure for smallholders and rural MSMEs, which are considered one of the most financially excluded segments. Additionally, the project will ensure knowledge and skill development of the fund manager's staff, making it a sustainable intervention.
As stated by the FMO, MCE Social Capital 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.
No project contacts provided at the time of disclosure.
Financial Intermediary - MCE Social Capital:
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Communities who believe they will be negatively affected by a project funded by the Dutch Development Bank (FMO) may be able to file a complaint with the Independent Complaints Mechanism, which is the joint independent accountability mechanism of the Dutch Development Bank (FMO) and the German Investment Corporation (KfW). A complaint can be filed in writing, by email, post, or online. The complaint can be filed in English or any other language of the complainant. The Independent Complaints Mechanism is comprised of a three-member Independent Expert Panel and it can provide either problem-solving, compliance review or both, in either order. Additional information about this accountability mechanism, including a guide and template for filing a complaint, can be found at: https://www.fmo.nl/independent-complaints-mechanism