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Founded in 1984, Working Capital for Community Needs (WCCN) is a 501(c)3 nonprofit impact investing fund whose mission is to create opportunities for access to microfinance, services and markets to improve the lives and communities of the working poor in Latin America.
WCCN empowers low-income Latin American entrepreneurs by sustaining partnerships with microfinance organizations and farming cooperatives in Ecuador, El Salvador, Honduras, Guatemala, Nicaragua and Peru.
WCCN has been investing in microfinance organizations since 1991, investing $102 million over the past 24 years, currently through debt investments only. Beginning in 2008, WCCN began to expand to invest in other countries in Latin America, adding partners in Guatemala, El Salvador, Honduras, Ecuador and Peru. In 2010, WCCN began providing value-chain financing to farmer’s cooperatives, specifically to support access of coffee producers to fair trade coffee markets, in addition to financing microfinance organizations. Current partners and portfolio allocations can be found on its "Where We Work" page.
90% of WCCN activities are focused on impact investing through lending to community-based partners that are primarily microfinance and fair trade agricultural partner agency organizations. 10% of WCCN activities are focused on impact investing through directed soft-term grants and donated funds by third parties, managed by WCCN.
For 2014, 70% of WCCN's investment portfolio was directed to microfinance partners in Latin America that have the following aggregate loan portfolio composition:
a. 70% for working capital loans for micro-enterprises and SMEs
b. 11% for low-cost housing micro-loans
c. 10% for small-scale agriculture micro-loans
d. 9% for animal husbandry/livestock micro-loans
The remaining 30% of WCCN's investment portfolio was comprised of Latin American fair trade and organic agriculture partners that offer multiple pro-poor support services and economic opportunities to their member families and local communities.
- Zacary Smucker-Bryan
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