MCE Social Capital is a nonprofit impact investing firm that uses a pioneering loan guarantee model to generate economic opportunities for hundreds of thousands of people, particularly women, in more than 30 countries.

MCE is a nimble, virtual organization with leadership in San Francisco, New York, Washington, D.C., Boston, and North Carolina.

MCE recruits trail-blazing individuals, foundations, and other entities to back loans to MCE from institutional lenders and accredited investors. Learn more about the Guarantor model.

Since 2006, when MCE began operations, MCE has used more than $110 million from private sector lenders, made possible by MCE’s loan guarantees, to make loans to hundreds of MFIs. The MFIs have in turn funded more than $160 million in loans and other services to hundreds of thousands of people in more than 30 countries in Latin America, Sub-Saharan Africa, Asia, Eastern Europe and the Caucasus. Each of these individuals—more than 71% of whom are women—supports an average of five family members, or more than 2 million people.

MCE’s separate Small and Growing Business (SGB) Fund, supported by MCE’s retained earnings and donations since 2013, but switching over to guaranteed capital in 2017, makes flexible, customized, and affordable loans to SGBs in Sub-Saharan Africa and other challenging parts of the world.

MCE sells its Global Economic Opportunity Notes (the Notes) to accredited investors. These Notes pay a fixed financial return, generate positive social impact, and benefit from MCE’s 10-year track record of solid portfolio performance and the fact that MCE’s investments are backed by over $113 million in loan guarantees.

MCE was honored as an Impact Asset’s Top 50 Impact Investment Fund in 2012, 2013, 2014, and 2015.