Africa and Latin America
Social Impact II
Social Impact II seeks investment opportunities in SMEs in developing and emerging countries, providing essential products and services to vulnerable people, with the aim of improving their daily living conditions.
Social performance (consolidated figures)
12 SMEs have been financed in a total of 3 countries (Ivory Coast, Cameroon and Ecuador)
More than 75% of SMEs classified at level C (highest level of impact of the IMP methodology).
100% of the SMEs financed carry out an activity that is useful to a high degree (level C) or less high (level B) for the lives of middle and low-income populations.
Community services/Social inclusion and Food supply are the 2 most invested sectors.
It is in these 2 sectors that the largest number of SMEs are located, where BACKBONE’s local partners are most present.
BACKBONE has adopted the IMP methodology, a standardized and consensual tool used by many investment players to qualify the impact performance of a portfolio.
• Level A: Act to avoid harm. By offering, for example, decent salaries to employees.
• Level B: Create added value. For example through an offer of goods or services favorable to health or the education of stakeholders.
• Level C: Put your abilities at the service of solutions to one or more social, societal or environmental problems . By promoting, for example, the integration of people far from employment or by offering inclusive financial services.
C > B > A
Key facts
- Inception date: 30/10/2021
- Sector: Health
- Increase access of middle-low to low income population to basic healthcare
- Status: Open
- Maturity date: 30/10/2026
Partnership opportunity
The right to dignity should not be conditioned to income level
To address the public health services gap, Garantia and BACKBONE partnered in raising a fund to finance SMEs (clinics, health care centers, medical offices) that provide private accessible health care services in Mexico
Plus, Backbone finances local SMEs in Africa to address the lack of access to essential goods and services.
The key-role of SMEs in providing solutions to improve people's living conditions is supported by their local knowledge and ability to adapt to their domestic and regional markets, allowing them to get fit to fulfill their role in the long-term for the benefit of all.
In this respect, they need financing but also support to better structure their development.
That is why, whe choose to co-finance with local-partners.