This report shows public data only. Is this your organisation? If so, login here to view your full report.

Grameen Crédit Agricole Microfinance Foundation (Delisted)

PRI reporting framework 2017

You are in Direct - Inclusive Finance » PIIF Principle 3: Fair treatment

PIIF Principle 3: Fair treatment

IFD 14. Investment in local currency

Possible action:

Provide financing in an appropriate currency and tenor.

14.1. In relation to your direct portfolio in debt, indicate if you provide investment in local currency.

14.2. Indicate what percentage of your direct portfolio in debt is invested in the investee’s local currency.

14.3. Additional information. [Optional]

If direct local currency cannot be provided in reasonable terms, we target to provide access to local currency through back to back mechanisms or guarantees with local banks


IFD 15. Average maturity of debt investments

Possible action:

Provide financing in an appropriate currency and tenor. 

Actively support the building of a diversified funding base.

15.1. In relation to your direct portfolio in debt, indicate what percentage have a maturity (from the point of investment) of the specified duration:

15.2. Indicate if you have a set limit regarding the maximum fixed income investment exposure of the investees in which you invest. [Optional]

15.3. Additional information. [Optional]

We set a limits on country exposure, individual MFI exposure, and on % of total MFI equity (200%)

We also set certain maximum exposures of our investees in terms of (i) foreign currency loans to clients (ii) non-income generating/consumer loans


IFD 16. Average holding period of equity investments (Not Applicable)


IFD 17. Terms and conditions

Possible action:

Negotiate terms and conditions that are transparent, fair and reasonable, including fair break-up clauses.

17.1. Indicate if you adopt the following practices:

Indicate if these practices are formalised in written policies and procedures.

Describe your process.

          Standard reasonable covenants included in the term sheet sent ahead of DD and agreed upon before DD process. Part of wrap up discussion after DD
        

Indicate if these practices are formalised in written policies and procedures.

Describe your process.

          Covenant breach is acted at quarterly monitoring meetings and actions taken include letter to MFI management and closer (monthly) monitoring
        

Indicate if these practices are formalised in written policies and procedures.

Indicate if these practices are formalised in written policies and procedures.

Indicate if these practices are formalised in written policies and procedures.

Indicate if these practices are formalised in written policies and procedures.

17.2. Additional information. [Optional]


Top