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ACTIAM

PRI reporting framework 2019

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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]

Microenterprise loans: 33% of GLP, however, 73% by clients.


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.

We encourage MFIs to offer saving products if they are allowed to under local regulations.

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.

We gather data of our portfolio MFIs that offer insurance products. In addition, ACTIAM Impact Investing supports MFIs in India and Kenya to cooperate with insurance companies and to offer health insurance to their clients through a program called FINISH.

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

          e.g. mobile banking, microleasing
        

Provide examples of how and what you support.

We encourage MFIs to provide full financial services to their clients, based on the needs of clients in a specific region. We do gather data of our portfolio MFIs that offer other financial products.

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

          Reporting non-financial products
        

Provide examples of how and what you support.

We encourage MFIs to provide complementary non-financial services to the financial services they offer to their clients, based on the needs of clients in a specific region. We do gather data of our portfolio MFIs that offer other financial products. This includes for example enterprise skill development or basic medical care.

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]


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 assess whether the organisation has a policy and uses a poverty assessment tool to screen potential clients or assess client income level during the loan process. 

The poor

Describe how you support the introduction of such services.

We assess whether the organisation has a policy and uses a poverty assessment tool to screen potential clients or assess client income level during the loan process.

Low income clients

Describe how you support the introduction of such services.

We assess whether the organisation has a policy and uses a poverty assessment tool to screen potential clients or assess client income level during the loan process.

Other, specify

          Other
        

Describe you support the introduction of such services.

We assess whether the organisation has a policy and uses a poverty assessment tool to screen potential clients or assess client income level during the loan process.

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.


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.

We provide technical assistance in the form of capacity towards FINISH Society, aimed at promoting sustainable and equitable development of sanitation, hygiene & waste management sector by generating awareness along with economic incentives and thereby, improving lives of poor rural and peri-urban households. This started in India and is now being expanded into other countries and regions.

There is no specific Technical Assistance budget for investments made through the ACTIAM Institutional Microfinance Funds nor the ACTIAM-FMO SME Finance Fund. In our SME proposition our investment manager FMO offers TA where applicable. In our Microfinance proposition, we just approved (2018) and disbursed (2019) a fist transaction to an MFI whereby we adopt a safe sanitation use of funds clause in the loan documentation. In order to facilitate the execution, we approached an organisation with local expertise who can help the MFI with the execution of the sanitation loans. In addition, there is a financial incentive for the MFI to meet the impact targets. We aim to build more similar partnerships going forward in order to contribute to improved financial inclusion and at the same time, target other important environmental and social themes. As such, we aim to be a linking pin for TA projects, rather than a TA provider ourselves.


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