KFSE Sustainability Fund

Kenya

Last updated 12 May 2020, by Impactyield.

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Kuria Foundation Social Enterprise Sustainability Fund (KFSE) makes investments in East Africa that mitigate the discrimination of sexual minorities (and other socially stigmatized minorities) by injecting socially appealing intervention methods intended to reverse negative perceptions.

The vicious cycle of exclusion starts with negative perception of the minority as inferior; fueling prejudice against by the minority, this in turn leads to discrimination and exclusion and in the process lowering the living standards of the minority.

At KFSE we are looking at creating a sustainable framework for delivering long-term social change. To-date our resources allow us only to fund/donate resources to few individuals. This is because we do not provide any grant unless we are sure we can sustain-ably fund that intervention.

For example, Ahmed, a sexual minority refugee from a neighboring country, is currently completing his catering diploma at a college in Kenya. While we would like to offer between 3 - 5 scholarships, we can only afford one. We are looking for Social Investors who can work with us, to increase our financial capacity to offer to reach the sustainability goal.


Fund style

Not listed


Financial description

KFSE has a portfolio investment at the Nairobi Securities Exchange (NSE). The portfolio structure includes equities and government debt ( bonds). We have a particular interest in infrastructure bonds issued by the Kenyan government because of their relatively high return (over 12.5% -http://www.businessdailyafrica.com/Treasury-infrastructure-bond/539552-3...), and relatively longer term investment horizon. KFSE will discuss with investors on which sectors they prefer their funds to be invested in. This will determine the risk/return exposure and commitment.

7 years

of track record

2015

the year funded

250,000,000 KES

AUM

Asset manager

SDG goals

SDG targets

Promote policies to support job creation and growing enterprises

Full employment and decent work with equal pay

Increase access to financial services and markets

Key performance indicators

Fund overview

Asset manager: Kuria Foundation for Social Enterprise

Product track record: Fund has 7 years of track record

Target IRR: 12.5%

Committed Capital: 2,700,000 KES (Kenyan Shilling)

Target return category: Below risk-adjusted market-rate of return

Fund domicile:

Product status:

Style/Stage:

Inception year: 2015

Vintage year: 2014

Target region: , ,

Target close date: n.a.

Product term: 1 - 10 years

Assets under management: 250,000,000 KES (Kenyan Shilling)

Investment size: Min: 10,000; Max: 250,000,000; Avg: 250,000

Co-investment policy:

Currency of investments:

Currency for fund / product figures:

Fund investments to date: 1

Fund investments to date exited or repaid: 0

Management fee: n.a.

Carried interest: n.a.

Hurdle rate: n.a.

GIIN Investors' Council Investment: No

Limited Partners / Investors: n.a.

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

Contact

E-mail: n.a.

Website:

Phone number: +254 721 360 365

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Charles Mutuku

Finance Manager

David Mbote

Executive Director

Impact Performance

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n.a.

Impact thesis

At KFSE we are looking at creating a sustainable framework for delivering long-term social change towards social inclusion and integration of socially excluded groups. We are looking for Social Investors, who can support our interventions by providing resources which will add to the existing sustainability portfolio currently invested at the Nairobi Securities Exchange - NSE. Our desire is to ensure that returns generated from this portfolio are adequate to fund the social inclusion interventions such as providing scholarships to sexual minority refugees in Kenya or those who want to start a business so that they can become financially independent.
The impact we anticipate is to make KFSE as a foundation, financially sustainable by growing the current investment fund (portfolio), in such a way that our social inclusion interventions can get sustainable sources of funding.

Impact Management

n.a.

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