Grassroots Capital Management is an impact investment manager based in the US.


Our mission is to help eliminate poverty and strengthen communities through investments in small businesses, affordable housing, sustainable agriculture and education, in both developing countries and the US. Our philosophy is to ‘invest in our values’.

We seek out and collaborate actively with others with shared values. Since 2003 Grassroots (GCM) has launched a dozen impact investment vehicles in partnership with a wide range of investors and managers.

We currently manage/advise three funds: India Financial Inclusion Fund and Caspian Impact Investments in India in collaboration with our partner Caspian Impact Investment Advisers and Prospero Microfinanzas in Latin America with Bolivian Investment Management.

LEARN MORE about Grassroots’ work.


IDB has agreed to invest $2 million in a new fund launched by Grassroots. The GIFI fund is a $35 million fund targeting high impact microfinance companies in Latin America.

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MHFC, a portfolio company in the India Financial Inclusion Fund (co-managed by Grassroots and Caspian) has been nominated by the Financial Times, UK for the FT ‘ArcelorMittal Boldness in Business’ award in the Entrepreneurship category.

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President Paul DiLeo and CFO Anna Kanze will attend the SPTF social investor meeting in Luxembourg on March 11-12.

READ MORE about what’s new at Grassroots


Paul DiLeo has co-authored a new article “Do Impact Investors expect too much?” published on Stanford Social Innovation Review Online.

Alana Heath blogs about The Millennium Development Goals, Grassroots Capital Management, and GIFI