MicroVest Capital Management, LLC
Maryland, United States
Service with Minor Environmental Footprint
MicroVest is an asset manager that specializes in allocating private debt capital to Responsible Financial Institutions or “RFIs” in emerging and frontier markets. As one of the first U.S.-based microfinance investors, MicroVest has built a track record since 2003 of investing in microfinance institutions (MFIs) and small and medium enterprise (SME) financial institutions whose interests are aligned with the borrowers and communities they serve. By catalyzing the availability of credit to Responsible Financial Institutions — many of which serve as the first provider of formal credit to micro entrepreneurs and small businesses — MicroVest is helping the right institutions scale, which deepens financial sector development, fuels local economic growth, facilitates financial inclusion, promotes gender equality, and reduces poverty. This in turn, allows underbanked communities to access quality financial services, thereby improving their financial health and well-being. Since its founding, MicroVest has disbursed more than $1 billion to over 200 RFIs in more than 60 emerging and frontier countries.
Overall B Impact Score
Governance evaluates a company's overall mission, engagement around its social/environmental impact, ethics, and transparency. This section also evaluates the ability of a company to protect their mission and formally consider stakeholders in decision making through their corporate structure (e.g. benefit corporation) or corporate governing documents.
The Governance Impact Area evaluates a company's overall mission, engagement around its social and environmental impact, ethics, and transparency. This section also evaluates the ability of a company to protect their mission and formally consider stakeholders in decision making through their corporate structure (e.g. benefit corporation) or corporate governing documents.
The Workers Impact Area evaluates a company's contributions to its employees' financial security, health and safety, wellness, career development, as well as overall engagement and satisfaction. In addition, this section recognizes business models designed to benefit workers, such as companies that are at least 40% owned by non-executive employees and those that have workforce development programs to support individuals with barriers to employment.
The Community Impact Area evaluates a company's engagement with and impact on the communities in which it operates, hires from, and sources from. Topics include diversity, equity, and inclusion; economic impact; civic engagement; charitable giving; and supply chain management. In addition, this section recognizes business models that are designed to address specific community-oriented problems, such as poverty alleviation through fair trade sourcing or distribution via microenterprises, producer cooperative models, locally focused economic development, and formal charitable giving commitments.
The Environment Impact Area evaluates a company's overall environmental management practices as well as its impact on the air, climate, water, land, and biodiversity. This includes the direct impact of a company's operations and, when applicable, its supply chain and distribution channels. This section also recognizes companies with environmentally innovative production processes and those that sell products or services that have a positive environmental impact. Some examples might include products and services that create renewable energy, reduce consumption or waste, conserve land or wildlife, provide less toxic alternatives to the market, or educate people about environmental problems.
The Customers Impact Area evaluates a company's stewardship of its customers through the quality of its products and services, ethical marketing, data privacy and security, and feedback channels. In addition, this section recognizes products or services that are designed to address a particular social problem for or through its customers, such as health or educational products, arts and media products, serving underserved customers or clients, and services that improve the social impact of other businesses or organizations.