Category: Report

We are pleased to share with you SIDI’s new social and environmental report, which presents the partners’ results in 2022!

This report is organized around SIDI’s mission objectives, defined this year as part of the new strategic plan.

• Through its financing and support activities, SIDI aims to reduce economic inequalities in developing countries through the emergence and empowerment of local economic players.
• It seeks to combat poverty through an approach focused on the most vulnerable, in particular people living in rural areas, women and young people, who are the lifeblood of these countries and the promise of a more equitable, fairer and more united world.
• Finally, SIDI is firmly committed to building a more sustainable world that respects the environment and is capable of adapting to climate change.

The team is proud to present the results of its partners from the point of view of its mission objectives, results which are the fruit of in-depth analysis made possible by the high-performance PSE evaluation system developed by SIDI in recent years. This system makes it possible to analyze the contribution of partners to SIDI’s objectives, highlighting their progress as well as areas where there is still room for improvement.

This report is an opportunity to find out more about SIDI’s partner organizations, and to delve into an analysis of their evolution in terms of economic, social and environmental performance.

• Discover the results of two impact studies financed by SIDI in 2022
• Find out more about gender mainstreaming at SIDI and its partners
• Find out more about SIDI’s commitment to environmental protection, through its promotion of agroecology and sustainable practices among its partners, as well as through the development of a new “climate” portfolio, a key focus of the new strategic plan.

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.