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The organization received the three-year grant from the in Wash. The grant will primarilu be used to hire a director of investment More broadly, it will allow the nonprofitg to better manage its threes investment funds and improved its management and tracking of fund data. Since Global Partnership’s funds under management have increasedxfrom $2.5 million to . Some of the nonprofit’ds existing loan fund investorsinclude . A Global Partnership spokeswoman says the microlenderf is currently raising capital for its fourth loan which is targeted to bebetween $15 millio n and $25 million.
Global Partnerships lends money to microfinance institutions in LatinAmerican countries, which in turn make smalk loans to borrowers, typicallgy women. This summer, Global Partnerships will expand into itseighth country.
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