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Desjardins Fund for Inclusive Finance, LP

Canada

Last updated 11 May 2020, by Impactyield.

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Fund geography

Emerging countries (256)

The Desjardins Fund for Inclusive Finance, LP (DFIF) makes debt and equity investments in institutions that provide financial services to the underbanked primarily in Africa, Asia, and Latin America to develop and stabilize communities with little to no access to financial institutions.

More than half of adults in the poorest 40 percent of households in developing countries remain unbanked. bring financial stability to communities lacking financial DFIF is a microfinance investment vehicle launched in 2011 and managed by FONIDI Management inc., DID’s investment subsidiary. The fund offers debt and equity financing to inclusive finance (microfinance) institutions in developing countries.

DFIF's mission is to offer Canadian institutional investors who share our vision the opportunity to support MFIs in developing countries while earning a reasonable return. Doing so, investors can support the growth of local institutions providing financial services to the underbanked and also encourage best-practice investment sourcing and selection processes.

The fund works with local microfinance institutions offering quality financial services to their communities, leading to a high social and economic impact. Supporting local ownership is key to improving the quality of financial services and helps entrepreneurs grow their businesses, increase revenues and create jobs. DFIF also contributes to strengthening the governance of investees.


Fund style

Not listed


Financial description

Closed fund offering of debt and equity instruments.

12 years

of track record

2011

the year funded

n.a.

AUM

Interested in this fund?
Log in or create an account to request more information.

Gain a deeper and comprehensive understanding of how this fund generates positive impact in the themes and SDGs that matter to you, with insights provided by our dedicated team of expert analysts, and receive notifications about new available impact products, exciting investment opportunities, and relevant updates in the world of impact investing.

Asset manager

SDG goals

SDG targets

Equal rights to ownership basic services technology and economic resources

Increase access to financial services and markets

Key performance indicators

Fund overview

Asset manager: Développement international Desjardins

Product track record: Fund has 12 years of track record

Target IRR: n.a.

Committed Capital: n.a.

Target return category: Risk-adjusted market-rate of return

Fund domicile:

Product status:

Style/Stage:

Inception year: 2011

Vintage year: 2012

Target region:

Target close date: 01/04/2012

Product term: 10

Assets under management: n.a.

Investment size: Min: 1,000,000; Max: 3,000,000; Avg: 0

Co-investment policy:

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 12

Fund investments to date exited or repaid: 2

Management fee: 2.25%

Carried interest: n.a.

Hurdle rate: n.a.

GIIN Investors' Council Investment: Yes

Limited Partners / Investors: DID and external partners

Limited Partner / Investor Type: Development Finance Institution (DFI), Endowments/Foundations, Family Office, Pension Funds, Other Institutional Investors

Contact

E-mail: n.a.

Website:

Phone number: 4188358444.00

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Jessie Greene

Investment Director

Impact Performance

n.a.

Impact thesis

Desjardins Fund for Inclusive Finance seeks to promotes financial inclusion.
By providing permanent access to high quality and affordable financial services such as savings, credit, insurance, money transfers, housing loans and in some cases non-financial services such as business development and financial education, MFI's provide low income households opportunities to engage in income producing activities, smooth expenditures and protect from risks and unforeseen events.
By improving such access to suitable services, we help households improve their lives while spurring economic activity, community development and help entrepreneurs and their families grow.
Fund intends to track IRIS metrics including:
Minority/Previously Excluded Ownership (OI7194)
Code of Ethics (OI1806)
Client Protection Policy (OI4753)
Social Responsibility to Financial Services Clients (OI7783)
Loan Officers Employed (OI2818)
Active Borrowers per Loan Officer (PI9250)
Number of Loans Outstanding (PI1478)
Value of Loans Outstanding (PI7569)

Impact Management

n.a.