Stichting Impact-Linked Fund
Status: Approved investmentWhy disclosure?
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In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Impact Linked Fund for Gender Inclusive Fintech (ILF for GIF) – Dutch registered Stitching, created from the initiative of Roots of Impact (pioneer in Impact linked finance and managing catalytic capital) and iGravity (specialist in innovative finance models and impact investing).
What is our funding objective?
The objective of the program is to pilot an impact incentive mechanism that couples impact linked finance and technical assistance and is designed to increase financial inclusion of women by fintech companies. This objective strongly supports the finding from the Massif 2021 evidence study for which it was highlighted that while women owned MSME’s growth boosts employment, sustainable livelihoods, and gender equality, little is known about the ability of fintech interventions to effectively serve this segment and the role gender earmarked funds can play in catalysing investments in this segment. The finding from this pilot will be instrumental in the evidencing the business case of both supporting fintech innovations that include an earmarked gender angle as well as deployment of incentive based, innovative finance products to stimulate investments in strategic themes and sectors.
Why do we fund this investment?
This project is aligned with MASSIF’s strategic objective of support of inclusive women owned MSMEs, including fintechs, in order to improve employment, livelihoods and support economic growth. In addition, SDG 10, Reduced Inequalities, is a core impact focus of FMO and key part of the Strategy 2030. This project will further strengthen FMO’s contribution to our core impact objective SDG 10 by facilitating learning through experimentation and support of innovative finance models to meet impact objectives.
What is the Environmental and Social categorization rationale?
n.a
- Website customer/investment
- https://ilf-fund.org/
- Country
- Global
- Sector
- Financial Institutions
- Publication date
- 10/18/2024
- Effective date
- 5/6/2024
- Total FMO financing
- USD 0.50 MLN
- Funding
- MASSIF
- Loan participation
- n.a