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Interested in making a recoverable grant to the IVLP?
Contact Melissa Lockhart Fortner:
P: 206-456-7834

We see a gap in the early-stage impact investing market. Social enterprises are founded to tackle important problems and achieve positive impact. However, once they launch and the company begins the struggle to survive, the founders’ efforts to measure and manage that impact often take a backseat.

Global Partnerships’ Impact-First Venture Loan Pool (IVLP) aims to help address this gap. The IVLP provides early-stage social enterprises with a combination of non-dilutive loan capital and impact management advisory support. This approach allows us to not only finance early-stage social enterprises, but also help them create and refine the tools and systems they need to define, measure and manage their impact.


The IVLP is funded by recoverable grants made to Global Partnerships (GP). GP uses this pool of funds to make loans to early-stage social enterprises. Loans will typically be accompanied by strategic advisory services on impact measurement and management, including co-design, oversight, and funding of an impact study on client-level outcomes.

Circular flow chart with eight steps: 1. Impact-led grantors give recoverable grants to the IVLP. 2. The IVLP gets impact-first loans and advisory services. 3. Social enterprieses offer high-impact products and services to people living in poverty. 4. Peaople living in poverty experience houeshold changes and improved lives. 5. Social enterprises get clearer results and greater impact. 6. Potential new investment arrives from impact-led investors. 7. The social enterprise repays their loan to the IVLP. 8. Grantors recover part or all of their grant.

What We Look For

The IVLP targets social enterprises that:

  • deliver products and services that expand opportunity for people living in poverty;
  • principally operate in Sub-Saharan Africa, Latin America, or the Caribbean;
  • use a business model capable of delivering inclusive impact at scale;
  • have a significant customer base already receiving the product and/or service;
  • have a Founder/CEO and equity investors that value clearly defined and demonstrated impact; and
  • have a potential for significant growth and future need for financing to support that growth.

Our Portfolio

Nilus Logo

Nilus is a social enterprise that enables improved food security for households living in poverty in urban and peri-urban “food deserts” through a tech-enabled community group purchasing model that sources groceries directly from suppliers and delivers them to target customers’ neighborhoods at an affordable price.