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ACTIAM

PRI reporting framework 2019

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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.

14.3. Additional information. [Optional]


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]

For microfinance a tenor of 2 - 3 years and for SME finance a tenor of 3 - 5 years.


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.

          Please refer to IFD 17.2 for additional information.
        

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

Describe your process.

          Please refer to IFD 17.2 for additional information.
        

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]

During the due diligence process and in the terms sheet preceding the loan agreement the terms and covenants are explicitly mentioned and discussed with the investee.

The investees are monitored on a monthly basis and their portfolio development is proactively watched. In case of signals of issues the investee is asked to elaborate on the situation and we seek how to support the MFI in solving  the issues. A possible outcome could be a restructuring to give the MFI time to recover. In work-outs, we try to seek an appropriate solution for all stakeholders engaged in a multi-stakeholder dialogue.


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