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Scaling Up Impact Investing. The Essential Capital Consortium Fund
This projects contributes to building the impact investing marekt in Latin America and the Caribbean by supporting the structuring of the Essential Capital Consortium (ECC) Fund, the first global fund to be exclusevly focused on this emerging asset class. Impac investing targets for-profit enterprises that have high social and environmental benefits, and therfore seeks to achieve high social in addition to financial returns. The ECC fund expects to reach USD 50 MM and will be managed by the Deutche Bank¿s Community Development Finance Group, which has extensive experience and track-record in social impact investments. The Fund will utilize a very innovative financial structure that allows to offer creditors some protection against lossess while being able to extend senior and subordinated financing to profitable or near profit social enterprises. Sectors to be targetted by the Fund include green technologies and clean energy, health services, low-income housing, education and microfinance. The project will provide a USD 3 MM loan and a 300,000 Technical Assistance.

Project Detail

Country

Regional

Project Number

RG-L1098

Approval Date

November 20, 2013

Project Status

Closed

Project Type

Loan Operation

Sector

PRIVATE FIRMS AND SME DEVELOPMENT

Subsector

SMALL AND MEDIUM ENTERPRISE

Lending Instrument

Instrumento del Fondo Multilateral de Inversiones

Lending Instrument Code

MIF

Modality

-

Facility Type

-

Environmental Classification

-

Total Cost

USD 50,000,000.00

Country Counterpart Financing

USD 47,500,000.00

Original Amount Approved

USD 2,500,000.00

Financial Information
Operation Number Lending Type Reporting Currency Reporting Date Signed Date Fund Financial Instrument
3086/MS-RG Non-Sovereign Guaranteed USD - United States Dollar MIF-Small Enterprise Investment Fund MIF Financing
Operation Number 3086/MS-RG
  • Lending Type: Non-Sovereign Guaranteed
  • Reporting Currency: USD - United States Dollar
  • Reporting Date:
  • Signed Date:
  • Fund: MIF-Small Enterprise Investment Fund
  • Financial Instrument: MIF Financing

Can’t find a document? Request information

Implementation Phase
https://www.iadb.org/document.cfm?id=EZSHARE-1983553961-31866
Technical Cooperation Agreement
Aumento de la Inversión de Impacto_ Fondo Essential Capital Consortium [38180065].pdf
Jan. 21, 2015
Spanish
https://www.iadb.org/document.cfm?id=EZSHARE-1983553961-31867
Technical Cooperation Agreement
Scaling Up Impact Investing_ The Essential Capital Consortium Fund [38181461].PDF
Jan. 21, 2015
English

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