MCE Social Capital is a pioneering private sector program that leverages private capital to provide small business loans to poor entrepreneurs in developing countries. With microcredit loans, impoverished women create and build home-based businesses (e.g., making soap, animal husbandry, weaving, etc.).
Because poor women do not have collateral or credit histories, Guarantors – like the Meyer Family Enterprises – pledge guarantees (not a donation or grant) to back microloans. Guarantors do not realize a return on the guarantee risk, but each guarantee sustains up to 5,000 new microcredit business loans, feeding 25,000 people in the developing world.
Committed to reducing poverty by mobilizing private investment capital to finance micro-businesses of poor families throughout the world