Impact Investment. AFI Summit Discussion August 18, 2015

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "Impact Investment. AFI Summit Discussion August 18, 2015"

Transcription

1 Impact Investment AFI Summit Discussion August 18, 2015

2 Catalyzing Investments Over Time Impact Investing S SCALE OF OUTREACH c a l e Institution Building Governance Project-based TA SUSTAINABILITY

3 Why Impact Investment Our hypothesis: Private capital can be a powerful tool for growth and change in developing economies But there is a missing middle between microfinance and private equity especially in agribusiness We are well placed to help close that gap because of our boots on the ground We know how to make smart investments. We know how to make money. Now let s make money more effective at creating value, for every shareholder and every stakeholder. Let s make money more fearless in delivering on its disruptive potential. Let s make money more willing to take real risks for real returns. Case Foundation

4 Project Description In line with ACDI/VOCA strategic vision and current global trends, we aim to diversify AV s revenue stream by launching an Impact Investment Initiative. ACDI/VOCA s analysis of the agricultural finance markets indicate unmet needs and viable market opportunities to finance Small and Medium-sized Enterprises (SMEs) in developing countries. Through a network of network of 11 Affiliated Financial Institutions (AFIs), ACDI/VOCA has established a presence in the impact investor community. AV now seeks to leverage our SME lending qualifications, on-the-ground agribusiness experience and AFI-generated capital to launch an agribusiness impact investment vehicle. AV s focus will be on key countries of Central Asia and Africa. AV will provide patient capital to the missing middle SMEs that are too small for private equity and/or commercial bank financing, but too large to be funded by Microfinance Institutions (MFIs). AV will pursue a triple bottom line approach to investments, focusing on investments with potential for significant financial, social and environmental impact.

5 Vision for Impact Investment Fund(s) Near-term Vision Commitment of capital: ACDI/VOCA and Affiliated financial institutions (AFIs - e.g. Frontiers, KMF Demeu, BT Innovations) Pipeline: Focus first on Kyrgyzstan in 2015, then expand to Kazakhstan and Tajikistan, then to broader region. Impact: Provide capital, expertise to small, growing businesses (SGBs) to grow, improving livelihoods for small farmers & rural communities. Long-term Vision Commitment of capital: ACDI/VOCA and co-investors Potential co-investors: AFIs, Social investors, DFIs, Foundations, Private companies, High net worth individuals Pipeline: Identifying potential deals in different geographical regions from Impact: Provide capital, expertise to small, growing businesses (SGBs) to grow, improving livelihoods for small farmers & rural communities. Key partners: TA for investee companies; business incubators

6 Our Proposed Target Investment Profile Sector Agro-processing and agricultural input providers Organizational Structure Private Enterprise or LLC Lifecycle Established with at least 3 years of operating history Social Impact Measurable positive impact on Kyrgyz economy, employment, small farmers livelihood, women, youth, nutrition Environmental Impact Limited negative impact on the environment, accepting of innovative environmental practices Investment Size Up to $1,000,000 USD Investment Stage Growth Capital Investment Vehicle Mezzanine Financing

7 Proposed Investment Instrument Debt Most common financing instrument Consistent repayments - Requires banking license from National Bank - Competition in this market would require interest rate of lower than 10% to compete with government subsidized loans Mezzanine Would differentiate AV in the market Self-liquidating vehicle, important given limited exit opportunities in Kyrgyzstan Shorter holding periods than equity Works well for agribusiness, when payment schedules don t align with cash flow Protective and governance provisions built into terms If investee overachieves, AV can exit early, or activate a convertibility clause - Complex structure, would require significant investee education - Viewed as debt product by National Bank of Kyrgyzstan, requiring off-shore registration - Financials can be easily manipulated, requiring a high level of trust and transparency - Only true corrective action is restructuring agreement Equity Easiest regulatory option SME valuation is key to investment - Limited appetite for equity investments amongst established SMEs - BT Innovation s niche market

8 Value Proposition Value to ACDI/VOCA and Partners Additional source of revenue Aligns with the mission of AV and Partners Utilizes our agribusiness expertise in key countries for non-donor projects Leverages our AFI network, while sharing the obligation of raising capital Early entry into this immature market (Kyrgyzstan) could put AV and partners in a market leading position Additional revenue potential through consulting, deal sourcing and related services Value to Potential Clients Mezzanine product has lower cost of capital than traditional commercial loans Entrepreneur maintains ownership of company Variable payment structure is more forgiving of bad financial periods Grace period allows entrepreneurs to accelerate business to positive cash flow Repayment based on cash flow or revenue, so company can account for planned expenditures Technical Assistance and hands-on investment team

9 Since 1963 and in 146 countries, ACDI/VOCA has empowered people to succeed in the global economy.

Q&A Oxfam and Impact Investments. Audience: Entrepreneurs Investors Oxfam + partners General audience (including press) General

Q&A Oxfam and Impact Investments. Audience: Entrepreneurs Investors Oxfam + partners General audience (including press) General Q&A Oxfam and Impact Investments Audience: Entrepreneurs Investors Oxfam + partners General audience (including press) General Q: Why is Oxfam active in impact investing? A: Oxfam believes the upcoming

More information

Credit: Global Alliance for Clean Cookstoves INCREASING INVESTMENT IN THE CLEAN COOKING SECTOR

Credit: Global Alliance for Clean Cookstoves INCREASING INVESTMENT IN THE CLEAN COOKING SECTOR Credit: Global Alliance for Clean Cookstoves INCREASING INVESTMENT IN THE CLEAN COOKING SECTOR A STRATEGY TO DRIVE INVESTMENT BACKGROUND The Global Alliance for Clean Cookstoves is a publicprivate partnership

More information

Community and Renewable Energy Scheme Project Development Toolkit

Community and Renewable Energy Scheme Project Development Toolkit Community and Renewable Energy Scheme Project Development Toolkit Balance Sheet Equity Investment Community Bond Issues Community Vehicle Crowd Funding Debentures a form of bond Debt Debt Service Cover

More information

CDC Strategy 2012-2016

CDC Strategy 2012-2016 CDC Strategy 2012-2016 Contents 1. Summary and evolution of strategy 2. CDC mission and focus on development impact 3. Investment strategies 4. Financial projections 5. Execution 6. Measurement 2 1. Summary

More information

SOCIAL IMPACT INVESTING

SOCIAL IMPACT INVESTING SOCIAL IMPACT INVESTING Luke Fletcher Bates Wells and Braithwaite Type: Legal guide Published: August 2012 Last Updated: August 2012 Keywords: Impact investing; responsible business; finance; This document

More information

TRANSACTION CAPITAL GROUP PROFILE AT 31 MARCH 2014*

TRANSACTION CAPITAL GROUP PROFILE AT 31 MARCH 2014* 1 TRANSACTION CAPITAL GROUP PROFILE AT 31 MARCH 2014* TRANSACTION CAPITAL LIMITED half year ended 31 March 2014 Employees: 3,586 Headline earnings: R148m ASSET-BACKED LENDING TOTAL INCOME 60% OF GROUP

More information

Working Capital Finance to RE SMEs. Gouri Sankar, Managing Director, Maanaveeya Manila, June 16, 2015

Working Capital Finance to RE SMEs. Gouri Sankar, Managing Director, Maanaveeya Manila, June 16, 2015 Working Capital Finance to RE SMEs Gouri Sankar, Managing Director, Maanaveeya Manila, June 16, 2015 Oikocredit Oikocredit is a Dutch Cooperative working in Development financing in more than 60 countries,

More information

CASE STORY ON GENDER DIMENSION OF AID FOR TRADE. Banking on Women Pays Off: Creating Opportunities for Women Entrepreneurs

CASE STORY ON GENDER DIMENSION OF AID FOR TRADE. Banking on Women Pays Off: Creating Opportunities for Women Entrepreneurs CASE STORY ON GENDER DIMENSION OF AID FOR TRADE Banking on Women Pays Off: Creating Opportunities for Women Entrepreneurs Banking on Women Pays Off Creating Opportunities for Women Entrepreneurs International

More information

SECTOR ASSESSMENT (SUMMARY): FINANCE 1. 1. Sector Performance, Problems, and Opportunities

SECTOR ASSESSMENT (SUMMARY): FINANCE 1. 1. Sector Performance, Problems, and Opportunities Country Partnership Strategy: Bangladesh, 2011 2015 SECTOR ASSESSMENT (SUMMARY): FINANCE 1 Sector Road Map 1. Sector Performance, Problems, and Opportunities 1. The finance sector in Bangladesh is diverse,

More information

Demand Dividend: Creating Reliable Returns in Impact Investing

Demand Dividend: Creating Reliable Returns in Impact Investing Demand Dividend: Creating Reliable Returns in Impact Investing Demand Dividend is a debt vehicle designed to improve the repayment cycle for impact investors and ease capital access for social enterprises.

More information

FROM BILLIONS TO TRILLIONS:

FROM BILLIONS TO TRILLIONS: FROM BILLIONS TO TRILLIONS: MDB Contributions to Financing for Development In 2015, the international community is due to agree on a new set of comprehensive and universal sustainable development goals

More information

ALL NATIONS TRUST COMPANY SAMPLE BUSINESS PLAN

ALL NATIONS TRUST COMPANY SAMPLE BUSINESS PLAN ALL NATIONS TRUST COMPANY SAMPLE BUSINESS PLAN WHAT MAKES A GOOD BUSINESS PLAN? A business plan is a written document, which outlines: the business and owner s background the proposed resources to be used

More information

INCOFIN INVESTMENT MANAGEMENT A LEADER IN RURAL AND AGRICULTURAL IMPACT INVESTING COMMITTED BEYOND INVESTMENT

INCOFIN INVESTMENT MANAGEMENT A LEADER IN RURAL AND AGRICULTURAL IMPACT INVESTING COMMITTED BEYOND INVESTMENT INCOFIN INVESTMENT MANAGEMENT A LEADER IN RURAL AND AGRICULTURAL IMPACT INVESTING COMMITTED BEYOND INVESTMENT INCOFIN INVESTMENT MANGEMENT INVESTMENTS OFFICES 1 BELGIUM (ANTWERP) HEADQUARTERS 2 COLOMBIA

More information

IMPULSE MICROFINANCE INVESTMENT FUND

IMPULSE MICROFINANCE INVESTMENT FUND IMPULSE MICROFINANCE INVESTMENT FUND INVESTMENT OBJECTIVES AND GUIDELINES Investment objective The Investment Fund is being established primarily to build a well-structured portfolio of microfinance investments,

More information

Financing Your Business. 27 th May 2015 John Irwin Head of AIB SME Strategy & Enablement

Financing Your Business. 27 th May 2015 John Irwin Head of AIB SME Strategy & Enablement Financing Your Business 27 th May 2015 John Irwin Head of AIB SME Strategy & Enablement TARGET RETURNS Funding Provider Returns VS. Risk Private Equity c.25% Venture Capital c.25% Property c.10% - 12%

More information

2015 Microfinance Investment Vehicles Survey Market Data & Peer Group Analysis. September 2015

2015 Microfinance Investment Vehicles Survey Market Data & Peer Group Analysis. September 2015 2015 Microfinance Investment Vehicles Survey Market Data & Peer Group Analysis September 2015 Table of Contents 1. About the Survey 3 1.1 Overview 4 1.2 Survey Scope 5 2. Main Results at a Glance 6 3.

More information

A New approach to small

A New approach to small A New approach to small business lending in India contents 01 Addressing a Widespread Credit Shortage 3 02 Lending Products to Suit Your Needs 5 03 Who do we lend to? 7 04 Debt or Equity: Which is right

More information

Financing Options for Companies at Each Stage of Growth

Financing Options for Companies at Each Stage of Growth Financing Options for Companies at Each Stage of Growth Nia Stefany Managing Partner Contents Introduction to Who We Are What is an Investment banker? Investment Bankers Value Proposition Investors Expectations

More information

EU Social Investment Financial instruments in support of social entrepreneurship and impact investment

EU Social Investment Financial instruments in support of social entrepreneurship and impact investment EU Social Investment Financial instruments in support of social entrepreneurship and impact investment Serge PATOU, Policy Officer DG ECFIN, Financing for Innovation, Competitiveness and Employment European

More information

Incubator Success Stories in Africa World Bank/infoDev Experience. Oltac Unsal, Manager

Incubator Success Stories in Africa World Bank/infoDev Experience. Oltac Unsal, Manager Incubator Success Stories in Africa World Bank/infoDev Experience Oltac Unsal, Manager AfDB-EMRC SME Forum, June 2011 What does Incubator Success mean? Three levels and narratives (which may or may not

More information

SECTOR ASSESSMENT (SUMMARY): MICRO, SMALL AND MEDIUM-SIZED ENTERPRISE DEVELOPMENT 1 Sector Road Map 1. Sector Performance, Problems, and Opportunities

SECTOR ASSESSMENT (SUMMARY): MICRO, SMALL AND MEDIUM-SIZED ENTERPRISE DEVELOPMENT 1 Sector Road Map 1. Sector Performance, Problems, and Opportunities Small Business and Entrepreneurship Development Project (RRP UZB 42007-014) SECTOR ASSESSMENT (SUMMARY): MICRO, SMALL AND MEDIUM-SIZED ENTERPRISE DEVELOPMENT 1 Sector Road Map 1. Sector Performance, Problems,

More information

AFRICA AGRICULTURE AND TRADE INVESTMENT FUND (AATIF)

AFRICA AGRICULTURE AND TRADE INVESTMENT FUND (AATIF) CASE STUDY AFRICA AGRICULTURE AND TRADE INVESTMENT FUND (AATIF) NOVEMBER 2015 EXECUTIVE SUMMARY The Africa Agriculture and Trade Fund (AATIF) is a USD 146m fund that invests across the entire agricultural

More information

5. SOCIAL PERFORMANCE MANAGEMENT IN MICROFINANCE 1

5. SOCIAL PERFORMANCE MANAGEMENT IN MICROFINANCE 1 5. SOCIAL PERFORMANCE MANAGEMENT IN MICROFINANCE 1 INTRODUCTION TO SOCIAL PERFORMANCE MANAGEMENT Achieving Social and Financial Performance In the microfinance arena, performance has long been associated

More information

Developing Your Business Plan

Developing Your Business Plan Developing Your Business Plan Developing a Business Plan for Trade Adjustment Assistance Kevin Klair Center for Farm Financial Management University of Minnesota Developing a Business Plan A business plan

More information

IMPACTBASE SNAPSHOT AN ANALYSIS OF 300+ IMPACT INVESTING FUNDS APRIL 2015

IMPACTBASE SNAPSHOT AN ANALYSIS OF 300+ IMPACT INVESTING FUNDS APRIL 2015 IMPACTBASE SNAPSHOT AN ANALYSIS OF 300+ IMPACT INVESTING FUNDS APRIL 2015 What s Inside... PAGE 2 OVERVIEW OF FUNDS PAGE 5 INCEPTION YEAR AND TRACK RECORD PAGE 7 IMPACT THEMES PAGE 8 SOCIAL & ENVIRONMENTAL

More information

Financing a New Venture

Financing a New Venture Financing a New Venture A Canadian Innovation Centre How-To Guide 1 Financing a new venture New ventures require financing to fund growth Forms of financing include equity (personal, family & friends,

More information

Access to Finance Guide: 1. Bank Finance Options

Access to Finance Guide: 1. Bank Finance Options Access to Finance Guide: 1. Bank Finance Options Overdrafts An overdraft is a flexible way for you to manage short-term borrowing requirements. Business overdrafts are traditionally easy to arrange and

More information

CDC audit disclosure. How CDC has worked to drive implementation of the Investment Code. Working with fund managers on ESG management systems

CDC audit disclosure. How CDC has worked to drive implementation of the Investment Code. Working with fund managers on ESG management systems CDC Group plc 1 How CDC has worked to drive implementation of the Investment Code CDC is a Development Finance Institution (DFI), owned by the UK Government s Department for International Development (DfID).

More information

Close Brothers Asset Finance Restructures and refinancing. James Waterson 19 th February 2013

Close Brothers Asset Finance Restructures and refinancing. James Waterson 19 th February 2013 Close Brothers Asset Finance Restructures and refinancing James Waterson 19 th February 2013 Close Brothers Asset Finance Part of Close Brothers Group plc - FTSE 250 listed - Employ in excess of 400 staff

More information

Liberia Leasing Investment Forum

Liberia Leasing Investment Forum Finance Leasing in Liberia: Unlocking Accelerated Market and Business Development Adopting Best Practice Models to Make Leasing Work in Liberia Minerva Kotei Monrovia, A 40 Year Commitment to Leasing A

More information

Building Farmers in the West Factsheet Developing a Business Plan for Alternative, Specialty and Entrepreneurial Agriculture

Building Farmers in the West Factsheet Developing a Business Plan for Alternative, Specialty and Entrepreneurial Agriculture Building Farmers in the West Factsheet Developing a Business Plan for Alternative, Specialty and Entrepreneurial Agriculture A regional partnership to build community and capacity among a new generation

More information

Fundamentals of Financing Your Business Geordan Robertson, Director, Small Business, Meridian

Fundamentals of Financing Your Business Geordan Robertson, Director, Small Business, Meridian Fundamentals of Financing Your Business Geordan Robertson, Director, Small Business, Meridian Overview Introduction Identifying potential sources of funding Preparing for your meeting with the bank / potential

More information

CURRICULUM VITAE. Language Speaking Reading Writing Ukrainian native native native Russian native native native English 5 5 5 Polish 3 3 1

CURRICULUM VITAE. Language Speaking Reading Writing Ukrainian native native native Russian native native native English 5 5 5 Polish 3 3 1 CURRICULUM VITAE 1. Family name: Amerova 2. First names: Elena 3. Nationality: Ukrainian 4. Education: Institution Kiev National Economic University Kiev State University Date: from/ to 2000-2002 1977-1982

More information

British Business Bank

British Business Bank British Business Bank Peter Wilson CEO British Business Bank Investments ABFA Annual Conference 3 June 2015 Contents Overview of the British Business Bank Rationale Business Model Aims Programmes Impact

More information

Impact Investing and Nonprofits: Opportunities, Innovative Structures, and Creative New Ways to Raise Funds and Further Your Mission

Impact Investing and Nonprofits: Opportunities, Innovative Structures, and Creative New Ways to Raise Funds and Further Your Mission Impact Investing and Nonprofits: Opportunities, Innovative Structures, and Creative New Ways to Raise Funds and Further Your Mission Co-sponsored by Venable LLP and InsideNGO Thursday, January 14, 2016,

More information

IFC and Agri-Finance. Creating Opportunity Where It s Needed Most

IFC and Agri-Finance. Creating Opportunity Where It s Needed Most IFC and Creating Opportunity Where It s Needed Most Agriculture remains an important activity in emerging markets IMPORTANCE OF AGRICULTURE as major source of livelihood 75% of poor people in developing

More information

Deutsche Asset & Wealth Management. Environmental & Social Capital

Deutsche Asset & Wealth Management. Environmental & Social Capital Environmental & Social Capital Agenda 1 Introduction to Environmental & Social Capital 2 Investment Manager Mandates: Fund overview 2.1 Africa Agriculture and Trade Investment Fund 2.2 European Energy

More information

GLOBAL ALLIANCE FOR CLIMATE-SMART AGRICULTURE (GACSA)

GLOBAL ALLIANCE FOR CLIMATE-SMART AGRICULTURE (GACSA) GLOBAL ALLIANCE FOR CLIMATE-SMART AGRICULTURE (GACSA) FRAMEWORK DOCUMENT Version 01 :: 1 September 2014 I Vision 1. In today s world there is enough food produced for all to be well-fed, but one person

More information

PRIVATE EQUITY IN THE DEVELOPING WORLD

PRIVATE EQUITY IN THE DEVELOPING WORLD PRIVATE EQUITY IN THE DEVELOPING WORLD Aditi Kapoor, Reed Smith LLP Type: Published: Last Updated: Keywords: Legal Guide June 2012 June 2012 Private Equity, Funds, Investors This document provides general

More information

NESsT Glossary of Terms

NESsT Glossary of Terms NESsT Glossary of Terms Base of the Pyramid (BoP): The World Resources Institute defines the base of the economic pyramid (BoP) as those with annual incomes below USD 3,000 in local purchasing power approximately

More information

Success Factors for Investing in Modern Energy Enterprises

Success Factors for Investing in Modern Energy Enterprises Success Factors for Investing in Modern Energy Enterprises Paul van Aalst, Director E+Co Europe www.eandco.net paul.van-aalst@eandco.net Dakar 16 April 2008 1 E+Co Investment Company in Modern Energy Enterprises

More information

Double Bottom Line Investing: An Introduction to the CDVC Approach

Double Bottom Line Investing: An Introduction to the CDVC Approach Double Bottom Line Investing: An Introduction to the CDVC Approach A training session presented by the Community Development Venture Capital Alliance March 12, 2014 Washington, D.C. Nathaniel V. Henshaw

More information

5. Funding Available for IP-Rich Businesses

5. Funding Available for IP-Rich Businesses 20 IP Finance Toolkit 5. Funding Available for IP-Rich Businesses Introduction As the Banking on IP? report notes; SMEs first port of call for finance is often a bank. Figures quoted in the report show

More information

BPEP Workshop Financing your Company (part 2) Corporate Structure and Managing Debt

BPEP Workshop Financing your Company (part 2) Corporate Structure and Managing Debt BPEP Workshop Financing your Company (part 2) Corporate Structure and Managing Debt October 21, 2013 Scott D. Elliott Partner, Ropes & Gray scott.elliott@ropesgray.com 415-315-6379 Ryan A. Murr Partner,

More information

6 th African Microfinance Conference

6 th African Microfinance Conference 6 th African Microfinance Conference Presentation by: Mr. Wilson Twamuhabwa CEO, UGAFODE Microfinance Limited (MDI) President AMFIU- Uganda MFI Network Contact: wtwamuhabwa@ugafode.co.ug About UGAFODE

More information

THE MASTERCARD FOUNDATION: RURAL AND AGRICULTURAL FINANCE STRATEGY

THE MASTERCARD FOUNDATION: RURAL AND AGRICULTURAL FINANCE STRATEGY THE MASTERCARD FOUNDATION: RURAL AND AGRICULTURAL FINANCE STRATEGY SEPTEMBER 2015 The MasterCard Foundation works with visionary organizations to provide greater access to education, skills training and

More information

African Small and Medium Enterprises Fund of Funds

African Small and Medium Enterprises Fund of Funds African Small and Medium Enterprises Fund of Funds Market Opportunity Opportunities Institutional investors need impact investing options Funds targeting SMEs can t close Too small for institutional investors

More information

Angel Investors, Impact Investing, and Community Economic Development

Angel Investors, Impact Investing, and Community Economic Development Angel Investors, Impact Investing, and Community Economic Development Our session today Angel Investors Impact Investing and Social Business A Community Economic Development Deal The first angel network

More information

Donald W. Reynolds Governor s Cup Written Competition Scorecard Small Business Division

Donald W. Reynolds Governor s Cup Written Competition Scorecard Small Business Division Donald W. Reynolds Governor s Cup Written Competition Scorecard Small Business Division Judge Name or ID# - ENTER HERE: Team Name or ID# ENTER HERE: Executive Summary The executive summary is clear, concise,

More information

PRIVATE SECTOR INVESTORS: TYPES, MOTIVATIONS, SOURCES AND FINANCING INSTRUMENTS WORKSHOP ON BUILDING MULTI-SOURCE REDD+ FINANCING STRATEGIES

PRIVATE SECTOR INVESTORS: TYPES, MOTIVATIONS, SOURCES AND FINANCING INSTRUMENTS WORKSHOP ON BUILDING MULTI-SOURCE REDD+ FINANCING STRATEGIES PRIVATE SECTOR INVESTORS: TYPES, MOTIVATIONS, SOURCES AND FINANCING INSTRUMENTS WORKSHOP ON BUILDING MULTI-SOURCE REDD+ FINANCING STRATEGIES Antigua, Guatemala July 17 and 18, 2014 Potential Funding Sources

More information

Measuring Financial Performance: A Critical Key to Managing Risk

Measuring Financial Performance: A Critical Key to Managing Risk Measuring Financial Performance: A Critical Key to Managing Risk Dr. Laurence M. Crane Director of Education and Training National Crop Insurance Services, Inc. The essence of managing risk is making good

More information

Finance in Cornwall & the Isles of Scilly

Finance in Cornwall & the Isles of Scilly Finance in Cornwall & the Isles of Scilly May 2015 This factsheet looks to summarise our understanding of the main (non-bank, non-asset backed) sources of funding potentially available to businesses in

More information

Early Stage Funding. Dragon Law. This book is for sale at http://leanpub.com/earlystagefunding. This version was published on 2015-12-09

Early Stage Funding. Dragon Law. This book is for sale at http://leanpub.com/earlystagefunding. This version was published on 2015-12-09 Early Stage Funding Dragon Law This book is for sale at http://leanpub.com/earlystagefunding This version was published on 2015-12-09 This is a Leanpub book. Leanpub empowers authors and publishers with

More information

Raise Venture Capital

Raise Venture Capital Raise Venture Capital How can we help? Our mission is to transform equity raising businesses into first class investor ready companies. Venture funded companies outperform non-venture backed firms by more

More information

Momentum Corporate Finance LLP

Momentum Corporate Finance LLP Momentum Corporate Finance LLP Management Buyouts What you need to know Experience Enthusiasm Success 1 Contents The basics What is an MBO? How to spot a potential MBO What makes an attractive MBO opportunity?

More information

Public consultation on Building a Capital Markets Union

Public consultation on Building a Capital Markets Union Case Id: 6793f8c7-c6ef-45dd-8987-665fe5775337 Date: 13/05/2015 23:30:38 Public consultation on Building a Capital Markets Union Fields marked with * are mandatory. Introduction The purpose of the Green

More information

Guide to Public and Private Funding

Guide to Public and Private Funding Guide to Public and Private Funding Introduction to public and private funding Key Public Funding Opportunities Key Private Funding Opportunities Which funding opportunity is right for my business? Do

More information

Microfinance in Cambodia

Microfinance in Cambodia Microfinance in Cambodia Investors playground or force for financial inclusion? Sanjay Sinha M-CRIL, December 2013 Introduction to the social investors playground Cambodia is one of the smaller countries

More information

Information Note: Armenian SME Fund. April 2016

Information Note: Armenian SME Fund. April 2016 Information Note: Armenian SME Fund April 2016 1. INTRODUCTION The EBRD is considering an investment in a private equity fund (the Fund ) to be focused on Armenia and supported by the European Union. EBRD

More information

Innovative Financing for Development: Scalable Business Models that Produce Economic, Social and Environmental Outcomes

Innovative Financing for Development: Scalable Business Models that Produce Economic, Social and Environmental Outcomes Innovative Financing for Development: Scalable Business Models that Produce Economic, Social and Environmental Outcomes Landscape Overview for the Leading Group Expert s Workshop Paris, June 19 th, 2014

More information

Emerging Farmer Support Services

Emerging Farmer Support Services Emerging Farmer Support Services In order to make a success of his/her new farming venture, an emerging farmer requires the following support structures: a) Access to land and related resources like water;

More information

THE TRIPLE BOTTOM LINE FOR MICROFINANCE

THE TRIPLE BOTTOM LINE FOR MICROFINANCE THE TRIPLE BOTTOM LINE FOR MICROFINANCE Triodos Facet Geert Jan Schuite and Alberic Pater (gj.schuite@triodosfacet.nl) (a.pater@triodosfacet.nl) INTRODUCTION The past decade, we have witnessed an unprecedented

More information

Do you really need investors?

Do you really need investors? Do you really need investors? Bootstrapping vs funding Wolves Summit, Gdynia, April 2015 Raise or bootstrap? For too many start-ups raising capital has replaced building a well-balanced business Money

More information

Catalysing the Participation of Women-Owned Businesses in Intra- EAC Trade through Evidence-based Policies and Programmes

Catalysing the Participation of Women-Owned Businesses in Intra- EAC Trade through Evidence-based Policies and Programmes Catalysing the Participation of Women-Owned Businesses in Intra- EAC Trade through Evidence-based Policies and Programmes INSPIRE. EMPOWER. DEVELOP a. Introduction Equal access to economic opportunities

More information

TERMS OF REFERENCE. Consultancy on Transformation Process from NGO to Company

TERMS OF REFERENCE. Consultancy on Transformation Process from NGO to Company TERMS OF REFERENCE Consultancy on Transformation Process from NGO to Company 1. Background Chin MFI celebrated its 20th anniversary in 2015. This local institution provides credit for the rural population

More information

D. Capital. The Africa Talent Fund. An Introduction. May 2012. D. Capital CONSULTING EXPERTISE INNOVATION AND IMPACT DEVELOPING MARKET INSIGHT

D. Capital. The Africa Talent Fund. An Introduction. May 2012. D. Capital CONSULTING EXPERTISE INNOVATION AND IMPACT DEVELOPING MARKET INSIGHT CONSULTING EXPERTISE INNOVATION AND IMPACT DEVELOPING MARKET INSIGHT The Africa Talent Fund An Introduction May 2012 Partners is an experienced impact investment manager that applies financial acumen to

More information

Boosting SMEs with Better and Innovative Financing Services

Boosting SMEs with Better and Innovative Financing Services ISSN 1816-6075 (Print), 1818-0523 (Online) Journal of System and Management Sciences Vol. 4 (2014) No. 2 Boosting SMEs with Better and Innovative Financing Services Wei Liu 1 1 Department of Integrated

More information

Small Business Exit Strategy. How to get out, when its time to get out

Small Business Exit Strategy. How to get out, when its time to get out Small Business Exit Strategy How to get out, when its time to get out Learning Objectives At the end of this module, you will be able to: Identify business exit strategy options, including various selling

More information

JRI news release Issues Relating to Corporate Regeneration and Business Revitalization

JRI news release Issues Relating to Corporate Regeneration and Business Revitalization JRI news release Issues Relating to Corporate Regeneration and Business Revitalization October 3, 2003 The Japan Research Institute, Limited Center for Economics and Public Policy Research http://www.jri.co.jp/

More information

IFC s Work with Financial Intermediaries IFC FACT SHEET April 2015

IFC s Work with Financial Intermediaries IFC FACT SHEET April 2015 IFC s Work with Financial Intermediaries IFC FACT SHEET April 2015 In the developing world 2.5 billion adults don't have a bank account and 200 million businesses lack access to credit. IFC and other multilateral

More information

Old Mutual Acquisition of United Asset Management. 19 June 2000

Old Mutual Acquisition of United Asset Management. 19 June 2000 Old Mutual Acquisition of United Asset Management 19 June 2000 0 Speakers Johannesburg Mike Levett Old Mutual - Chairman and C.E.O. London Eric Anstee Old Mutual - Group Finance Director Boston James F.

More information

Secured Transactions and Collateral Registries Program

Secured Transactions and Collateral Registries Program Secured Transactions and Collateral Registries Program Access to Finance, IFC San Jose, Costa Rica, 18 septiembre, 2013 Alejandro Alvarez de la Campa Global Product Leader STCR OUTLINE 1. Definition of

More information

FINANCE AND BUSINESS DEVELOPMENT SERVICES FOR ENTREPRENEURSHIP DEVELOPMENT: (SME lending in Kenya, from microfinance institution to SME bank )

FINANCE AND BUSINESS DEVELOPMENT SERVICES FOR ENTREPRENEURSHIP DEVELOPMENT: (SME lending in Kenya, from microfinance institution to SME bank ) FINANCE AND BUSINESS DEVELOPMENT SERVICES FOR ENTREPRENEURSHIP DEVELOPMENT: (SME lending in Kenya, from microfinance institution to SME bank ) What is K-Rep Bank Vision - Mission- To be the financial services

More information

DEVELOPMENTAL FINANCING FOR ABORIGINAL BUSINESSES

DEVELOPMENTAL FINANCING FOR ABORIGINAL BUSINESSES DEVELOPMENTAL FINANCING FOR ABORIGINAL BUSINESSES Synopsis Court decisions over resource and revenue sharing continue to benefit Aboriginal communities across Canada and, as opportunities emerge, Aboriginal

More information

DEVELOPMENT FINANCE INSTITUTIONS

DEVELOPMENT FINANCE INSTITUTIONS DEVELOPMENT FINANCE INSTITUTIONS Rhianydd Griffith and Matthew Evans Reed Smith LLP Type: Published: Last Updated: Keywords: Legal Guide July 2012 July 2012 International Law, Debt and Finance, DFI This

More information

onetravel@aol.com 954-540-3697

onetravel@aol.com 954-540-3697 onetravel@aol.com 954-540-3697 Valuation Principles Good Afternoon! I want to thank all of you who have attended our round table discussion in regards to valuations. Having an independent valuation can

More information

G20 SME Research Agenda: An Update Peer Stein, Global Business Line Leader, IFC Access to Finance Advisory

G20 SME Research Agenda: An Update Peer Stein, Global Business Line Leader, IFC Access to Finance Advisory G20 SME Research Agenda: An Update Peer Stein, Global Business Line Leader, IFC Access to Finance Advisory Cambridge, MA September 16, 2011 IFC continues to be actively engaged in the G20 global financial

More information

Agricultural finance for smallholder farmers: Rethinking traditional microfinance risk and cost management approaches

Agricultural finance for smallholder farmers: Rethinking traditional microfinance risk and cost management approaches Agricultural finance for smallholder farmers: Rethinking traditional microfinance risk and cost management approaches With evidence from Uganda, Kenya, Benin and Cameroon Daniela Röttger Luxembourg, 13

More information

Agenda item 6 CfER 01/12/10-05 COUNCIL FOR ECONOMIC RENEWAL ACCESS TO FINANCE

Agenda item 6 CfER 01/12/10-05 COUNCIL FOR ECONOMIC RENEWAL ACCESS TO FINANCE 1. Purpose COUNCIL FOR ECONOMIC RENEWAL ACCESS TO FINANCE 1.1 Ensuring that businesses have sufficient access to start up and growth investment, not only to meet current demands but to finance the ambitious

More information

Terms of Reference Assignment: Location: Duration: Reports to: Background Assignment Summary

Terms of Reference Assignment: Location: Duration: Reports to: Background Assignment Summary Terms of Reference Assignment: Alternative Channels for WASH Financing Assessment Location: Kenya Duration: 13 weeks Reports to: East Africa Regional Director Background Water.org is a U.S.-based, non-governmental

More information

International Workshop on Strategies for Development and Food Security in Mountainous Areas of Central Asia June 6-10, 2005 -- Dushanbe, Tajikistan

International Workshop on Strategies for Development and Food Security in Mountainous Areas of Central Asia June 6-10, 2005 -- Dushanbe, Tajikistan International Workshop on Strategies for Development and Food Security in Mountainous Areas of Central Asia June 6-10, 2005 -- Dushanbe, Tajikistan This document contains a series of recommendations and

More information

Measures to support access to finance for SMEs. Funding for Lending... 2. The National Loan Guarantee Scheme (NLGS)... 2

Measures to support access to finance for SMEs. Funding for Lending... 2. The National Loan Guarantee Scheme (NLGS)... 2 Measures to support access to finance for SMEs Contents Funding for Lending... 2 The National Loan Guarantee Scheme (NLGS)... 2 Enterprise Finance Guarantee (EFG)... 3 Business Finance Partnership (BFP)...

More information

THE COMMON FUND FOR COMMODITIES 7 TH OPEN CALL FOR PROPOSALS [PROJECT TITLE] Submitted by [Organization Title] on [Date]

THE COMMON FUND FOR COMMODITIES 7 TH OPEN CALL FOR PROPOSALS [PROJECT TITLE] Submitted by [Organization Title] on [Date] THE COMMON FUND FOR COMMODITIES 7 TH OPEN CALL FOR PROPOSALS [PROJECT TITLE] Submitted by [Organization Title] on [Date] Part I. General Information 0. AFFIRMATIONS The application is completed by the

More information

SOURCES OF FUNDING FOR IRISH BUSINESSES MAY 2015

SOURCES OF FUNDING FOR IRISH BUSINESSES MAY 2015 SOURCES OF FUNDING FOR IRISH BUSINESSES MAY 2015 INTRODUCTION TO PEGASUS CAPITAL SECTION I ABOUT US Pegasus Capital is a Dublin- based financial advisory firm We advise mid- market Irish companies on a

More information

ACCESS TO FINANCE FOR AGRICULTURAL ENTERPRISES. Presented by Farouk Kurawa Agricultural Finance Specialist, USAID MARKETS II

ACCESS TO FINANCE FOR AGRICULTURAL ENTERPRISES. Presented by Farouk Kurawa Agricultural Finance Specialist, USAID MARKETS II ACCESS TO FINANCE FOR AGRICULTURAL ENTERPRISES Presented by Farouk Kurawa Agricultural Finance Specialist, USAID MARKETS II AGRICULTURE IN NIGERIA It is a wide spread activity practiced across all regions

More information

Financial Ratio Analysis A GUIDE TO USEFUL RATIOS FOR UNDERSTANDING YOUR SOCIAL ENTERPRISE S FINANCIAL PERFORMANCE

Financial Ratio Analysis A GUIDE TO USEFUL RATIOS FOR UNDERSTANDING YOUR SOCIAL ENTERPRISE S FINANCIAL PERFORMANCE Financial Ratio Analysis A GUIDE TO USEFUL RATIOS FOR UNDERSTANDING YOUR SOCIAL ENTERPRISE S FINANCIAL PERFORMANCE December 2013 Acknowledgments This guide and supporting tools were developed by Julie

More information

Information booklet for small and medium enterprises (SMEs) in financial difficulty

Information booklet for small and medium enterprises (SMEs) in financial difficulty Information booklet for small and medium enterprises (SMEs) in financial difficulty We understand that in the current economic climate SMEs can experience difficulties meeting their financial commitments.

More information

Assessing Banks: Delivering a Triple Bottom Line in the Real Economy. Overview

Assessing Banks: Delivering a Triple Bottom Line in the Real Economy. Overview Assessing Banks: Delivering a Triple Bottom Line in the Real Economy Overview Global Alliance for Banking on Values The Global Alliance for Banking on Values, established in 2009, is an independent network

More information

We do what we say we will do.

We do what we say we will do. We do what we say we will do. Investor Presentation March 2013 1 Forward-Looking Statements Certain statements in this document are forward-looking statements, which reflect management s current beliefs

More information

Learning Objectives: Quick answer key: Question # Multiple Choice True/False. 14.1 Describe the important of accounting and financial information.

Learning Objectives: Quick answer key: Question # Multiple Choice True/False. 14.1 Describe the important of accounting and financial information. 0 Learning Objectives: 14.1 Describe the important of accounting and financial information. 14.2 Differentiate between managerial and financial accounting. 14.3 Identify the six steps of the accounting

More information

NEW MEXICO ECONOMIC DEVELOPMENT DEPARTMENT STATE EXPENDITURES FOR BUSINESS INCUBATORS ACT REQUEST FOR INCUBATOR CERTIFICATION

NEW MEXICO ECONOMIC DEVELOPMENT DEPARTMENT STATE EXPENDITURES FOR BUSINESS INCUBATORS ACT REQUEST FOR INCUBATOR CERTIFICATION NEW MEXICO ECONOMIC DEVELOPMENT DEPARTMENT STATE EXPENDITURES FOR BUSINESS INCUBATORS ACT REQUEST FOR INCUBATOR CERTIFICATION 1. Requesting Agency: 2. Address: 3. Phone: Fax: Email: 4. Type of entity:

More information

Seed Capital Assistance Facility II

Seed Capital Assistance Facility II Seed Capital Assistance Facility II Table of content I. Frankfurt School and the FS UNEP Collaborating Centre II. Market failures targeted by the Seed Capital Assistance Facility III. Seed Capital Assistance

More information

G20 DEVELOPMENT WORKING GROUP G20 INCLUSIVE BUSINESS FRAMEWORK

G20 DEVELOPMENT WORKING GROUP G20 INCLUSIVE BUSINESS FRAMEWORK G20 DEVELOPMENT WORKING GROUP G20 INCLUSIVE BUSINESS FRAMEWORK G20 INCLUSIVE BUSINESS FRAMEWORK A framework that defines inclusive business, sets out recommendations to enable inclusive business, and proposes

More information

Village banks: the new generation. How IFAD helped FINCA set its village banking programmes on the road to commercialization

Village banks: the new generation. How IFAD helped FINCA set its village banking programmes on the road to commercialization Village banks: the new generation How IFAD helped FINCA set its village banking programmes on the road to commercialization What is FINCA? FINCA International, Inc. provides financial services to the world

More information

Principal Investing - The Inner Workings of a Private Equity Firm

Principal Investing - The Inner Workings of a Private Equity Firm Principal Investing - The Inner Workings of a Private Equity Firm 2 Wachovia Capital Partners Agenda Introduction to the Speaker An Overview of Wachovia and its Principal Investing Unit Investing Capital

More information

The Customer Experience

The Customer Experience The Customer Experience Anne Lockie EVP, Sales & Marketing Segment Overview Key Markets Growth Markets Prime Markets Commercial Markets Youth Nexus Small Business Borrowers & Builders Business Agriculture

More information

2012 Symbiotics MIV Survey

2012 Symbiotics MIV Survey Market Data & Peer Group Analysis July 2012 Table of Contents 1. Survey Overview 1.1 Description 4 1.2 Survey Results at a Glance 5 2. MIV Market 2.1 Total Assets Growth 7 2.2 Number of Funds 8 2.3 Market

More information

Alternative Asset Classes Page 1 ALTERNATIVE ASSET CLASSES: AN INTRODUCTION

Alternative Asset Classes Page 1 ALTERNATIVE ASSET CLASSES: AN INTRODUCTION Alternative Asset Classes Page 1 ALTERNATIVE ASSET CLASSES: AN INTRODUCTION PART OF SOUND PORTFOLIO MANAGEMENT IS DIVERSIFYING INVESTMENTS SO THAT IF ONE TYPE OF INVESTMENT IS PERFORMING POORLY, ANOTHER

More information

The Forests Dialogue Investing in Locally Controlled Forestry London, UK May 24-25 2010. Breakout Session I

The Forests Dialogue Investing in Locally Controlled Forestry London, UK May 24-25 2010. Breakout Session I The Forests Dialogue Investing in Locally Controlled Forestry London, UK May 24-25 2010 Breakout Session I 1. What models exist of effective investment in locally controlled forestry? How can these be

More information

STEPHEN BRENNINKMEIJER

STEPHEN BRENNINKMEIJER STEPHEN BRENNINKMEIJER COUNTRY INVOLVED IN IMPACT INVESTING SINCE %-AGE OF WEALTH IN IMPACT INVESTING UK, Europe 2002 5% APPROACH private equity in social enterprises; angel investing (debt &equity) ORIGIN/SIZE

More information