FunderPartnerships
| Name | Relationship |
|---|---|
| ACCION | Partner |
ACCION Global Bridge Fund
Microfinance Funders
-
—7,000,0001,500,000
Mission:
ACCION International's new global guarantee fund - The Global Bridge Fund was introduced in January 2005 with the purpose of contributing to the expansion of micro finance throughout the world.
The fund operates in a similar way to that of its predesessor, the Latin America Bridge ... Read more
The fund operates in a similar way to that of its predesessor, the Latin America Bridge ... Read more
ACCION International's new global guarantee fund - The Global Bridge Fund was introduced in January 2005 with the purpose of contributing to the expansion of micro finance throughout the world.
The fund operates in a similar way to that of its predesessor, the Latin America Bridge Fund. Funds to the Global Bridge Fund will be used as collateral for irrevocable standby letters of credit and/or similar financial guarantees issued by Citibank in favor of microfinance institutions.
The fund was designed to support microfinance institutions located in Latin America, the Caribbean, Africa and other regions of the world where ACCION may expand as part of its strategic mission. The fund guarantees not only short-term lines of credit but also the issuance, by the micro finance institutions, of short-term fixed-income instruments
The pipeline of guarantees to be issued by the fund amounts to $2,000,000. Hide
The fund operates in a similar way to that of its predesessor, the Latin America Bridge Fund. Funds to the Global Bridge Fund will be used as collateral for irrevocable standby letters of credit and/or similar financial guarantees issued by Citibank in favor of microfinance institutions.
The fund was designed to support microfinance institutions located in Latin America, the Caribbean, Africa and other regions of the world where ACCION may expand as part of its strategic mission. The fund guarantees not only short-term lines of credit but also the issuance, by the micro finance institutions, of short-term fixed-income instruments
The pipeline of guarantees to be issued by the fund amounts to $2,000,000. Hide
Phone:
01 202 393 5113
Fax:
01 202 393 5115
Email:
prieckhof [at] accion [dot] org
Website:
Address:
1401 New York Ave NW, Suite 500
Washington
DC
20005
United States
Type of instrument:
Guarantees
Eligible partners:
Bank
NBFI
NGO
Additional information:
The ACCION Global Bridge Fund is a guarantee vehicle that uses loans from socially responsible investors to provide microfinance institutions with guarantees to access bank lines of credit and to issue debt instruments. The guarantees are issued on a global basis primarily to members of the ACCION network and other select microfinance institutions that are affiliated to organizations with which ACCION has developed a long-standing business relationship.
Fund currency:
USD
Date established:
Jan 1 2005
Contacts
-
Jorge de AnguloInvestment Officerjangulo [at] accion [dot] org01 202 393 5113 x1652
-
Pablo RieckhofInvestment Officerprieckhof [at] accion [dot] org01 202 393 5113 x1636
