Global Partnerships partners with innovative, mission-driven microfinance institutions that reach people traditionally left behind—such as women and the rural poor—with microloans and other services that can help families break the cycle of poverty.
With staff based in Seattle and Managua and a 15-year track record, GP currently serves more than 817,000 borrowers through 27 microfinance partner institutions in seven Latin American countries.
GP invests in microfinance partners that combine a sustainable business model with exceptional levels of social impact going beyond just microfinance. GP is actively exploring new ways to work with local partners to assist in providing services such as health education, business training, and agricultural assistance-- helping people in poverty meet basic needs beyond microfinance.
Part of GP’s success is based on establishing relationships with strong local microfinance partners. In October 2009, GP partnered with PATH and Pro Mujer to work together to create and launch a financially sustainable health program for Pro Mujer in Nicaragua, with the goal of creating a model that can be replicated elsewhere.
Since 2006, GP has steadily increased the number of borrowers they are reaching through their microfinance partners in Latin America with $39 million (USD) in capital invested and an average 98 percent repayment rate. GP is primarily funded by contributions from individuals, foundations and corporations; however, GP also earns revenue through the management of three microfinance funds and through the provision of microfinance investment services to a strategic partner. Lastly, GP’s annual fundraiser, the Business of Hope luncheon, is one of the world’s largest celebrations of microfinance.
(Evaluated by the Seattle International Foundation, a supporting organization of The Seattle Foundation)
Grant History with The Seattle Foundation:
Grants Awarded through The Seattle Foundation Grantmaking Program:
|There are no recent grants awarded to this organization.|