Mission society to expand investment in Africa
A $20m loan will be used over four years to support agricultural, health, education and financial inclusion institutions
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MISIF provides training and technical assistance throughout the life of the loan and beyond. (Photo: missio.org)
A $20 million loan from the US international development bank will allow a program started by the Pontifical Mission Societies in the United States to expand social-impact investing in enterprises operated by the Catholic Church in Africa.
The loan from the International Development Finance Corporation to the Missio Invest Social Impact Fund will be used over four years to support agricultural, health, education and financial inclusion institutions with church ties in the sub-Saharan region.
$20 million loan allows mission society s investment to expand in Africa
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$20M loan allows U S mission society to expand in Africa
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NEW YORK, March 17, 2021 /PRNewswire/ Missio Invest, an impact investor that provides loans and technical assistance to social enterprises operated by the Catholic Church in Africa, today announced that it has secured a $20 million loan facility from the U.S. International Development Finance Corporation (the DFC ) for the Missio Invest Social Impact Fund ( MISIF or the Fund ). The investment will support MISIF s lending to agricultural, financial inclusion, health and education institutions in Sub-Saharan Africa.
Missio Invest and DFC representatives visit investees at their agribusiness in January 2020. Photo from Missio Invest.
Founded in 2014, Missio Invest works through an extensive network of Church-owned agribusiness, healthcare and education enterprises to drive change and positive outcomes in the communities they serve. Through MISIF, Missio Invest provides training, technical assistance and investment capital to improve food