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CDC Group plc

PRI reporting framework 2020

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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]

For 7.3, we only track this for businesses that we know specialise in or have big portfolios in this category.


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.

CDC does not require any compulsory savings products but is supportive of various voluntary savings products including group savings.

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.

CDC does not require any compulsory insurance products but is supportive of various voluntary insurance products.

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

          Payments, digital lending, housing loans
        

Provide examples of how and what you support.

CDC is supportive of other financial services to microfinance clients such as payments, digital SME lending, and housing loans, among others.

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 support institutions that tend to serve first-time customers, and/or within income thresholds in the bottom quintile. We support institutions that are looking to enter new segments.

The poor

Describe how you support the introduction of such services.

We support institutions that tend to serve first-time customers, and/or within income thresholds in the bottom quintiles. We support institutions that are looking to enter new segments.

Low income clients

Describe how you support the introduction of such services.

We support institutions that tend to serve first-time customers, and/or within income thresholds in the bottom quintiles. We support institutions that are looking to enter new segments.

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.

Across the portfolio, CDC tracks loan sizes, price ranges and infer customer segments. When possible, and when the company has the data available, we track the percentage of portfolio that serves low income, rural/urban, and women. 


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.

In addition to investment capital, CDC manages a pool of grant funding from DFID that can be allocated for support to our pipeline and portfolio companies, as well as the wider market. CDC Plus is underpinned by a set of Principles, which ensures it operates with both rigour and flexibility. Value creation projects must be eligible for funding, follow an application process and be approved by the CDC Plus Committee which oversees our Technical Assistance program. In 2019, for example, we began working to support institutions to build their credit analytics/underwriting capacity to responsibly serve more vulnerable segments through CDC Plus. CDC also supported the development of the first ever Code of Conduct for the off-grid solar industry, in partnership with GOGLA and other funders.


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