We monitor social performance on a yearly basis. If investees are underperforming from the social impact standpoint, their allocation in the portfolio will be reduced and if they do not improve, they will ultimately be removed from the portfolio.
We look at indicators such as average amount of loans, target of investments (% of women, % rurals….) on direct investments in MFIs. We also receive the social ratings from our advisor, Symbiotics, on our individual MFIs. If social performance based on those indicators are worsening, we can eventually reduce or remove the investment of our portfolios.