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Criteria

Through a number of different financial instruments we invest in growing and inclusive SMEs with solid financial return expectations and with a clear measurable impact, such as the creation of jobs and livelihood opportunities, improvement in food and nutrition security, improvement in access to basic services like energy, healthcare and clean water. Through our investments we enable the SMEs to grow and develop towards financial stability until they can effectively access mainstream financing.

Our investment criteria are:

  • Primary business activities in India, Indonesia or the Philippines
  • Equity and quasi-equity in India and Mezzanine finance in Indonesia and the Philippines
  • A clear and measurable social and/or environmental impact, relevant in the local context
  • A financially viable business model
  • Investment requirement between USD 200k – USD 2m
  • Business activities related to improve livelihoods of the poor
  • Clear and transparent ownership structure and a strong management team in place
  • Financial alignment/commitment of the entrepreneur
  • Preferably companies with more than 2 years existence and either Ebitda positive or towards Ebitda positive within first two years post-investing.

We invest in the following sectors:

  • Agri-processing
  • Food Manufacturing
  • Retail & Consumer Goods
  • Energy
  • Healthcare
  • Skilling & Education
  • Financial Inclusion
  • Other: Investments outside these sectors with strong impact on low income and marginalized communities are also considered.

The dynamics and opportunities of the target country will drive the focus on specific sectors.