Our Funds
Our funds show strong performance in micro and SME finance and generate competitive financial returns. They also have effective social impact in emerging markets by encouraging entrepreneurial spirit. We ensure compliance with international business standards for our Funds, generating high quality financial information. Our company’s core principles focus on integrity, transparency and professionalism. This is the basis of long-standing relationships with all our stakeholders.
Despite the development of financial markets, micro, small and medium enterprises as well as low-income individuals in CEE still experience difficulties in accessing proper financing. This is especially crucial for start-ups and to access long term funding. The mission of CoopEst is to foster the development of a socially-rooted financial sector in Central and Eastern Europe and the Caucasus (CEEC).
Established in 2006 by European social economy institutions (Crédit Coopératif, MACIF), together with the IFC (World Bank Group) and joined in 2009 by the European Investment Fund, support financial eligible intermediaries in target countries, enabling them to leverage further funding and to expand their outreach.
Size
Current investment capacity is EUR 18.9 M.
Type of services
Subordinated and senior loans enabling partners to leverage further funding.
Targeted institutions
MFIs, cooperative banks and credit unions in growth phase.
Area of intervention
Countries from Central and Eastern Europe enlarged to Caucasus.
Social and economic innovation is key to reduce poverty, unemployment and inequalities that are eroding the social cohesion in in the countries on the southern and eastern shores of the Mediterranean. Through its activities CoopMed aims to:
- Foster job creation and economic opportunities through the support of local financial actors
- Support initiatives for economic development promoted by the local civil society
- Fight climate change by promoting green and innovative initiatives
- Promote all forms of social economy initiatives: cooperatives, social, green and micro entrepreneurship
Created by and for actors of the social economy, CoopMed aims at sharing its shareholder’s expertise and know-how. Each investment decision is approved by the Board of Directors, composed of shareholders and bondholder’s representatives.
CoopMed establishes strong social performance policy both through client social performance measurement and monitoring and through a dedicated, but separate, technical assistance facility. The purpose of the TA facility is to reinforce clients’ capacities to better achieve their social mission and thereby positively impacting the lives of final beneficiaries.
Size
Current investment capacity is EUR 17.3 M.
Type of services
Financial Support: subordinated and senior loans in local currency (in EUR/USD if possible).
Technical Assistance: Capacity building, Financial engineering, SPM and impact evaluation.
Targeted institutions
MFIs, local banks and mutual companies to finance the social economy sector, especially through the financing of cooperatives and social businesses.
Area of intervention
Countries on the southern and eastern shores of the Mediterranean. Lybia and Syria will integrate the zone of eligibility once international sanctions will be lifted.
Unemployment and social exclusion, uncertainty about the future, refugee crisis: the situation of a significant portion of the European population is worrying. In this context, and based on our 10+ years of experience of financing microfinance in Europe, Inpulse has decided to launch a pilot initiative to improve access to micro loans for small entrepreneurs and social enterprises: Helenos.
Designed to fill a market gap in the European social finance sector, it plays the role of an open incubator for small financial intermediaries. Helenos has the ambition to support and empower people striving for social and financial integration.
Launched in 2018, Helenos is the first private equity fund for inclusive finance in Europe. It is made to strengthen the capital base of financial intermediaries targeting micro, small and social enterprises. Helenos provides equity, subordinated and senior loans to support economically sustainable and socially oriented institutions. Helenos beneficiates of the support of the European Commission’s Programme for Employment and Social Innovation (EaSI).
Size
Current investment capacity is EUR 24.5M.
Type of services
Equity and subordinated loans enabling financial intermediaries to leverage further funding
Targeted institutions
MFIs, cooperative banks, credit unions and financial intermediaries targeting social entrepreneurs in a growth phase
Area of intervention
Members states of the European Union, Albania, Kosovo, Iceland, Montenegro, Northern Macedonia, Moldova, Norway, Serbia, Switzerland, Turkey
SFDR
Helenos is an Art.9 fund in line with Regulation (EU) 2019/2088. The key information can be found here : Annex III_pre-contractual & Annex V_periodic
Label
Helenos is granted Finansol label : Go to Finansol website.
The Finansol label guarantees the solidarity and transparency of the shares of the Pricaf Helenos. The capital invested is not guaranteed.
The new European solidarity financing fund for Africa, FEFISOL II, closed in May 2022 with EUR 22.5M and a technical support envelope of EUR 1M.
FEFISOL II is the successor fund of FEFISOL I, which terminated in July 2021.
Promoters for both funds are SIDI (France) and Alterfin (Belgium). Similar to FEFISOL I, FEFISOL II is dedicated to financing with debt instruments African rural microfinance institutions and agricultural entities sourcing from small-holder farmers in Africa.
Size
Current investment capacity is EUR 22.5M.
Type of services
Financial Support: subordinated and senior loans in local currency (in EUR/USD if possible).
Technical Assistance: Capacity building, Financial engineering, SPM and impact evaluation.
Targeted institutions
Microfinance Institutions or Agricultural Companies and Cooperatives sourcing from smallholders, most of which are Fair Trade or organic certified.
Area of intervention
African countries, except those facing international sanctions.
SFDR
FEFISOL 2 is an Art.9 fund in line with Regulation (EU) 2019/2088.
The key information can be found here : FEFISOL 2 Factsheet SFDR
ImpaktEU is a platform of responsible investors and financial institutions contributing to reduce social inequalities while taking care of the most fragile populations and our environment. The Fund aims at boosting jobs creation making economic growth more sustainable and inclusive. ImpaktEU wants to shape a greener Europe for everyone, reducing the environmental footprint of our society.
Microfinance contributes to the professional integration and empowerment of less privileged populations who do not have access to the traditional financial system. Its impact on reducing inequalities by allowing all citizens to benefit from part of the wealth created has been well proved for several years. Social enterprises offer economically sustainable business models but with the primary objective of solving societal problems as a priority before enriching shareholders.
The objective of the fund is to support the development of players in microfinance and social entrepreneurship within Europe. These players are confronted to unsatisfactory financing needs regarding equity and debt. The ImpaktEU fund will invest directly through equity, loans and convertible loans in microfinance institutions, ethical banks, responsible financial intermediaries, and social enterprises.
ImpaktEU envisions 4 key outcomes:
- Fragile populations and excluded entrepreneurs have improved their life conditions and developed their business
- FIs have access to new resources to boost sustainable growth and strengthen their impact practices
- Social enterprises have proven their sustainability and demonstrated their mission towards society
- Investors have gained better access to MFIs, ethical FIs and SEs, and the impact investing market has grown significatively
Size
Current investment capacity is EUR 22.4M.
Type of services
Financial services: Subordinated and senior loans, equity and quasi equity tools to support our partners growth.
Non-financial services: technical assistance and coaching.
Targeted institutions
Microfinance institutions, ethical banks and financial intermediaries, and social enterprises.
Area of intervention
Members states of the European Union, Albania, Bosnia & Herzegovina, Kosovo, Iceland, Montenegro, Northern Macedonia, Moldova, Norway, Serbia, Switzerland.
SFDR
ImpaktEU is an Art.9 fund in line with Regulation (EU) 2019/2088.
The key information can be found here : Annex III_pre-contractual & Annex V_periodic
Label
ImpaktEU is granted Finansol label : Go to Finansol website.
The Finansol label guarantees the solidarity and transparency of the shares of the Pricaf ImpaktEU. The capital invested is not guaranteed.