Small logo Subscribe to leading news on impact investing. Learn More
The Brief Originals Dealflow Signals The Impact Alpha Impact Voices Podcasts Agents of Impact Open
What's Next Measure Better Investing in Racial Equity Beyond Aid Beyond Trade-offs Impact en las Americas New Revivalists Women Rising in India Operation Impact
Smarter Money Women Rising 2030 Finance Locavesting Inclusive Economy Regeneration Impact Tech New Power Geographies
Slack Conference Calls Events Contribute
The Archive ImpactSpace The Accelerator Selection Tool Network Map
About Us FAQ Calendar Pricing and Payment Policy Privacy Policy Terms of Service Agreement Contact Us
Industry News Impact Management Good Business Personal Finance Faith and investing Billionaires
Gender Lens Investing Women Rising in India
SDGs Climate Finance Clean Energy Innovative Finance Full Stack Capital Long-termism
Opportunity Zones Investing in place
Entrepreneurship Return on Inclusion Good Jobs Inclusive Fintech Creative economy Housing New Schooled Well Being People on the Move
Conservation Finance Farmer Finance Financing Fish
Blockchain/AI/IoT Urban Tech Food Tech Inclusive Fintech
Human Rights Democracy and Peace News and Information
Africa Asia Europe Latin America Middle East Oceania/Australia China Canada India United Kingdom United States Growth Markets
Subscribe Log In

MicroVest closes $20 million credit facility with Metlife to boost financial inclusion

ImpactAlpha, October 31 – Bethesda, MD-based MicroVest has closed a $20 million, five-year credit facility with MetLife Investment Management. The facility will provide liquidity for the limited partners in MicroVest’s flagship impact investment fund. MicroVest, which backs microfinance institutions in emerging markets, says the facility will allow it to deploy capital “more capital, more quickly,” to its MFI clients.

“Having this facility, and this partnership, with such a well-regarded financial inclusion leader, will hopefully prove catalytic as we seek to grow MicroVest’s lending footprints across emerging markets,” said Gil Crawford, CEO of MicroVest. MicroVest, which manages $368 million across all its funds, has deployed more than $1 billion to more than 200 financial institutions in over 60 countries. Its investments have helped finance more than 13 million micro and small businesses worldwide.

The investment marks MetLife Investment Management’s largest community investment to date.

You might also like...