FEFISOL II’s new 2024 social and environmental report

Supporting smallholder farmers and rural entrepreneurs across Africa : highlights form the new FEFISOL II 2024 Social and Environmental Report

FEFISOL II is a solidarity investment fund dedicated to financing rural microfinance and small family farms in Africa. Launched in 2022 by SIDI and Alterfin, and managed by Inpulse Investment Manager, the FEFISOL II fund has financed 43 partners in 17 African countries since its inception.

In its third year of operation, FEFISOLII has continued to grow and strengthen its impact-oriented approach:
✔️ Portfolio growth of 11%, reaching €18.5 million, of which €15.6 million lent to partner institutions
✔️ 14 new partners in 4 additional countries – today, 43 active partners in 17 countries, reaching 3 million people with access to finance and fairer markets
✔️ Strengthening support for small farmers, rural entrepreneurs and vulnerable communities, including in fragile contexts
✔️ Innovative solutions, such as the European Commission – TCX Pricing Facility, to offer loans in local currency at lower cost
✔️ A range of financial solutions to limit risk and strengthen the fund’s ability to support its partners in difficult situations.

These results would not have been possible without the ongoing support of our valued shareholders: the European Investment Bank, BIO, Proparco, BRS, Banque Alternative Suisse, SOS Faim Luxembourg, Banca Etica, Caisse des Dépôts and Crédit Coopératif.

A major milestone: in July 2025, FEFISOL II completed its third closing, bringing the size of the fund to almost €28 million, thanks to renewed commitments from BIO – Belgian Investment Company for Developing Countries and BAS – Alternative Swiss Bank.

👉 Read the full report and find out how FEFISOL II and its partners are making a real impact on the ground.

 

 

DIVE INTO THE FULL REPORT

FEFISOL II’s new 2023 social and environmental report

Launched in 2022 by SIDI and Alterfin, and managed by Inpulse Investment Manager, the FEFISOL II fund has financed 40 partners in 16 African countries to the tune of €33 million since its inception.

The SIDI,Alterfin andInpulse teams are proud to present the results of FEFISOL II’s second year of activity, which are once again in line with the fund’s strong social and environmental mission:

  • 100% focus on Africa and fragile countries, with a strong presence in rural areas
  • More than 2 million final beneficiaries, 61% of whom are women
  • Support tailored to the needs of partners in the field, with projects focused on social and environmental performance
  • Partner organizations committed to the financial inclusion of the poorest, the creation of local added value and the promotion of sustainable agriculture.

Immerse yourself in the details of the fund’s activity in 2023, as well as its partners’ results, and discover inspiring testimonials from the field in this new social and environmental report.

VOIR LE RAPPORT

Great news for the FEFISOL II fund

SIDI is very pleased to announce that USAID  – US Agency for International Development – and Prosper Africa – US government’s initiative to increase trade and investment with African countries – have approved a grant for FEFISOL II to help the fund mitigate currency risk on its local currency portfolio.

FEFISOL II is the investment fund backed by SIDI and Belgian investor Alterfin. Managed by Inpulse Investment Manager, FEFISOL II is dedicated to financing African rural microfinance institutions and agricultural entities sourcing from small producers in Africa.

FEFISOL II is a highly additional fund focused on sub-Saharan Africa, targeting the poorest and most unequal regions, often deemed too risky by traditional investors. It aims to support vulnerable populations, particularly women and rural inhabitants, by financing microfinance institutions to enhance financial inclusion, reduce poverty and generate employment. The fund also supports small agricultural entities to strengthen agricultural value chains and improve food security. FEFISOL II offers flexible debt products to meet diverse financial needs, and provides technical assistance to strengthen organizational capacities and support their social missions.

This grant provided by USAID and Prosper Africa will allow the fund to further develop its microfinance portfolio in Africa, and support FEFISOL II in its efforts to raise capital for the third and last closing, targeting to reach a size of €30 million. With this grant, USAID, Prosper Africa and FEFISOL II aim to enhance trade, investment and the business environment across the African continent by strengthening agricultural value chains, creating rural employment, increasing local value-added markets, reducing climate change vulnerability and, ultimately, contributing to the continent’s sustainable economic growth.

USAID and Prosper Africa’s contribution complements other blending mechanisms secured by the fund in 2023 with DFC – U.S. government’s development finance institution – and the Aceli Africa program. Given the amplification and overlapping of risks in Africa, it is crucial to rely on such risk-sharing mechanisms for a fund dedicated to financing rural microfinance and smallholder farmer organizations.