Global Partnerships
Impact-First Development Fund
https://globalpartnerships.org/
Sector
Financial Inclusion
Type
Private Credit Fund
Geography
Emerging Markets
Amount
$3,000,000
Year
2019
Global Partnerships (GP) has been a true pioneer in the impact-first investing movement. Founded in 1994, GP is a non-profit fund manager dedicated to expanding opportunity for people living in poverty. Over the years, GP and its affiliated funds have deployed over $500M to 160 microfinance and social enterprise partners across 31 countries. In 2019, we collaborated with GP, the U.S. DFC (Development Finance Corporation), and the W.K. Kellogg Foundation to launch the Impact-First Development Fund (IFDF). Leveraging catalytic funding from Ceniarth and Kellogg and $50M in senior debt from the DFC, the fund was a unique attempt to bring appropriate, lower cost capital to serve more vulnerable communities.
