Endeavour to protect human dignity
Backbone is an asset manager specializing in financing unlisted SMEs through debt, with a social impact objective.
The investment strategy is to improve access for the population in need to essential products and services, in developing and emerging countries, with a focus on 4 sectors : food supply ; education ; medical care ; community services & social inclusion.
The SME segment, many of which are family-owned, contributes significantly to the supply of essential goods and services.
As implied by the principle of subsidiarity, small to medium-sized entities provide the strongest foundation for human fulfilment and talent development.
These companies generate their income locally. They are not owned by foreign shareholders. They are the framework and the "backbone" that support the local economy and the maintenance of services to the population.
Backbone offers financing solutions in the form of loans between 50,000 and 350,000 EUR to SMEs.
The purpose of the investments is to meet the usual financing needs, including working capital (credit facility) as well as the acquisition of fixed assets (asset-based loan).
Backbone invests in Africa and Latin America. Targeted countries are developing and emerging ones with a favorable environment for the development of the SME network.
Backbone attempts to provide a solution by providing credits whose financial risk is shared with local financial institutions. The co-financing operations are the added value brought by Backbone compared to other players in SME-lending.
The main characteristic of the partnerships developed by Backbone is to be able to compose a portfolio of SMEs or to build a “tailor-made” investment strategy, according to a specific objective: supporting economic development in a particular business area or region.
This model guarantees the correct allocation and traceability of funds. In this way, Backbone aims to boost the local economy, with an offer that supplements microfinance services, which is already helping the local economy on a smaller scale.