Discover FEFISOL’s Social & Environmental Report 2022

The social & environmental report on the first year of activity of the FEFISOL II fund has just been published!

FEFISOL II is an investment fund dedicated to financing rural microfinance and small-scale family farming in Africa. This is the successor fund to FEFISOL I, launched on the initiative of SIDI and Alterfin for 12 years.

The team is very proud to present achievements that are fully in line with the fund’s ambitious social and environmental objectives:

  • The fund has already financed 18 partners (12 agricultural entities, 6 microfinance institutions) in 11 sub-Saharan African countries.
  • 83% of the farms financed are certified fair trade and/or organic.
  • 69% of the portfolio is invested in countries with a low HDI (Human Development Index)
  • 85% of the microfinance portfolio is dedicated to Tier 2 and Tier 3 institutions: small and medium-sized institutions with assets of less than $50 million and less than $5 million respectively.
  • 1.2 million final beneficiaries, 51% of whom are women
  • The fund is aligned with the 2X Challenge, the multilateral initiative whose aim is to deploy unprecedented volumes of capital in support of projects that empower women.

The first closing of FEFISOL II took place in May 2022 for 22.5 million euros with the founders (SIDI, Alterfin), European development agencies (BIO, EIB, Proparco) and European private players (Banque Alternative Suisse, Banca Etica Populare, Crédit Coopératif, SOS Faim Luxembourg). This closing is accompanied by a technical assistance package of 1.3 million euros from Proparco and Bio.

On the strength of these results, the FEFISOL II fund aims to close a second closing with new investors by the end of the year.

New issue of Carnets de la SIDI!

In this issue of Carnets, Dominique Lesaffre, Managing Director of SIDI from 2015 to 2022, gives us his personal account of his work and that of SIDI over the years. It also introduces our partner cooperative Muungano, winner of this year’s FAIR/Le Monde Grand Prix de la Finance Solidaire.

The 2020 activity report is available online


A pioneer in solidarity investment in the South and East, SIDI publishes its annual report

SIDI offers its partners tailor-made financing and support, and thus works towards a form of finance that generates greater social and environmental impact, transparency and solidarity. A look back at the highlights of 2020 and our activities in favor of the ecological and social transition.





News from SIDI’s partners in the context of the health crisis

In this very special autumn, the latest issue of the SIDI Notebook takes stock of the situation of two partner organizations coping with the effects of the Covid-19 crisis.

In Central America, the restrictions imposed by the epidemic have had a major impact on the microfinance sector. The refinancing institution SICSA, which provides financial support to 37 MFIs in 6 Central American countries, found itself facing a liquidity risk. Faced with this situation, SIDI has relaxed its loan rescheduling arrangements to enable SICSA to continue to carry out its financial inclusion mission in the region.

You can also read an interview with the General Manager of the CAURIE Microfinance MFI in Senegal, who explains the measures taken from the very start of the Covid-19 epidemic, both for employees and customers.

In this issue, you’ll also discover the support projects carried out thanks to the ACTES Foundation, under the aegis of the Terre Solidaire Foundation, to help our partner organizations in the greatest difficulty to adapt their activities to new sanitary requirements.

Enjoy your reading!


Carnets SIDI n°12-sept 2020(HD)_Page_1

Click on the image to consult the Carnet