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Cordaid Investment Management B.V.

PRI reporting framework 2017

You are in Direct - Inclusive Finance » PIIF Principle 1: Range of services

PIIF Principle 1: Range of services

IFD 07. Tracking microfinance investees portfolio

Possible action:

Develop and extend the range of financial services available to low-income populations. Extensions could include savings, loans, insurance, payment services, remittance facilities and pension plans.

07.1. Indicate if you track the percentage of your microfinance investees' portfolio that is in microenterprise loans.

07.2. Indicate if you track the percentage of your microfinance investees’ portfolio that is in loans for immediate household needs (i.e. consumer loans).

07.3. Indicate if you track the percentage of your investees' portfolio in housing loans.

07.4. Additional information. [Optional]

Per MFI we have data about division of their portfolio (agricultural, housing, microenterprise, consumer. At the moment we are not able to aggregrate this information. We will collect these data on portfolio level in our new MIS.


IFD 08. Support financial services beyond credit, compulsory savings and/or compulsory insurance

08.1. In your microfinance portfolio, indicate if you support the provision of financial services beyond credit, compulsory savings and/or compulsory insurance.

08.2. Indicate which of the following services you support:

Provide examples of how and what you support.

Cordaid Investments provides equity or (sub)debt so that MFI's can comply with the Central Bank regulations  to receive license for voluntary savings.

In our social scorecard we access if MFI's provide voluntary savings. As yet, we are not yet able to keep track of aggregated data on Cordaid portfolio level.

Indicate if you gather data regarding the percentage of financial service providers in your portfolio that are offering such a service.

Provide examples of how and what you support.

Cordaid provided funding for technical assistance to several MFI's so that they were able to develop micro-insurance products.

In our social scorecard we assess if MFI's provide other financial services (like insurance), but we are not yet able to keep track of aggregated data on Cordaid portfolio level.

Indicate if you gather data regarding the percentage of financial service providers in your portfolio that are offering such a service.

          Agricultural product development and loans
        

Provide examples of how and what you support.

Cordaid provided funding for technical assistance to MFIs. With this assistance MFIs developed and rolled out agricultural credit products. MFIs also exchanged knowledge on best practices of agricultural credit products

Indicate if you gather data regarding the percentage of financial service providers in your portfolio that are offering such a service.

          product development, financial literacy.
        

Provide examples of how and what you support.

Cordaid has supported MFI's (especially in South Asia) to establish self-help groups and train these groups so that group members get access to financial services such as credit, but also savings and insurance products.

In some cases we provide support for the promotion of financial literacy and enable MFIs to train their clients, especially in fragile countries and regions.

In our social scorecard we assess if MFI's provide or facilitate non-financial services (financial literacy or others), but we do not keep track of aggregated data on Cordaid portfolio level. This will be part of our new MIS-system.

Indicate if you gather data regarding the percentage of financial service providers in your portfolio that are offering such a service.

08.3. Additional information. [Optional]

We track information on voluntary savings products, other financial services, non-financial services per MFI. We can manually aggregrate the information. With our new MIS system we will be able to gather such data on our portfolio more easily.


IFD 09. Support the introduction of services tailored to the ‘poor’, ‘very poor’ and ‘low income’

Possible action:

Encourage providers to introduce innovative products tailored to needs of low-income clients.

Encourage providers to expand their service offering to more remote areas and more vulnerable populations.

09.1. Indicate if you support the introduction of services tailored to the following client groups.

Client groups

Yes/No

The very poor

Describe how you support the introduction of such services.

We support the introduction of services to the very poor. We also encourage MFIs to assess their contribution to poverty alleviation by measuring at client level and using Progress out of Poverty Index (PPI) or similar tools. We have provided a grant to the Grameen Foundation to introduce PPI to MFIs in Africa.

Indicate what percentage of assets you know to be supporting these clients.

The poor

Describe how you support the introduction of such services.

We support the introduction of services to the very poor. We also encourage MFIs to assess their ocntribution to poverty alleviation by measuring at client level and using Progress out of Poverty Index (PPI) or similar tools. We have provided a grant to the Grameen Foundation to introduce PPI to MFIs in Africa.

Indicate what percentage of assets you know to be supporting these clients.

Low income clients

Describe how you support the introduction of such services.

We support the introduction of services to the very poor. We also encourage MFIs to assess their ocntribution to poverty alleviation by measuring at client level and using Progress out of Poverty Index (PPI) or similar tools. We have provided a grant to the Grameen Foundation to introduce PPI to MFIs in Africa.

Indicate what percentage of assets you know to be supporting these clients.

Other, specify

          
        

09.2. Indicate if you collect data regarding the percentage or number of total active clients that are:

Rural

Urban

Female

09.3. Additional information.

The MFIs that Cordaid supported in 2015 reached in total  2,2M clients. 53.000 of these clients were able to get a loan from the MFIs through Cordaids funding to these MFIs. 67% of the clients were rural while 66% were female.


IFD 10. Technical assistance to investees

Possible action:

Supporting retail providers.

10.1. Indicate if you provide technical assistance to your investees.

10.2. Additional information.

Cordaid has a grant policy that makes it possible to provide TA to its investees. When providing TA, in most cases specialized technical service providers are contracted. We collaborate with organizations like Microsave (in India and Africa), with Ayani (in Africa). Sometimes we provided TA directly ourselves.

The TA that is supported contains a wide range of areas that can enhance the financial and/or social performance of an MFI. Typical areas for TA support are strengthening the management and board, risk-management and MIS. Cordaid has a special focus to provide TA for agricultural product development and SPM. In 2016 training was given to staff of MFIs in South Sudan and Honduras on provision of loans to farmers. In Guatamala we cofinanced a study on overindebtendens. An MFI in Nicaragua received TA on tracking clients data on mobile devices. In Myanmar we organised a workshop for the MFI sector in Myanmar on social performance.  In Tanzania we financed business development training to SMEs in Tanzania. In Ecuador we provided relief assistance for end-clients of an MFI that were affected by the earthquake.


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