Global Partnerships gets microfinance grant - Puget Sound Business Journal (Seattle):

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The organization received the three-year grant from the in Wash. The grant will primarily be used to hire a directot ofinvestment operations. More broadly, it will allow the nonprofig to better manage its three investment funds and improve its management and tracking of fund Since 2006, Global Partnership’s funds under management have increased from $2.5 millio to . Some of the nonprofit’s existing loan fund investorzinclude .
A Global Partnerships spokeswoman says the microlenderd is currently raising capital for its fourth loan which is targeted to bebetween $15 million and $25 Global Partnerships lends money to microfinance institutions in Latin American countries, which in turn make smalp loans to borrowers, typically women. This summer, Global Partnerships will expandinto Mexico, its eightu country.