FEFISOL II’s new 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.