Download Ms. Maud Savary-Mornety - Microfinance Council of the Philippines

responsAbility Social Investments AG
MCPI Conference
Manila, 26 and 27th July 2012
responsAbility Social Investments AG
www.responsAbility.com
Our guiding Principles
All our investments aim at financial return AND development impact
We invest in basic needs at the Base of the Pyramid
Investment drivers are entrepreneurship and market mechanisms
We invest responsibly and sustainably
We are transparent and account for what we do
responsAbility Social Investments AG
www.responsAbility.com
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Who we are
Leader in Social Investments
responsAbility Social Investments AG
www.responsAbility.com

Founded 2003

>1 billion AuM

Products in various asset classes (debt, equity, etc.)

Focus on investment themes:
Microfinance, Fair Trade, SME Financing

Geographical focus:
Developing countries and emerging markets

90 employees

5 offices in Switzerland, France, Peru, Kenya, India

FINMA-regulated asset manager
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Where we are
Our local presence
potential investment universe
responsAbility local presences
Current Portfolio
 70 Countries
 253 Microfinance institutions, 25 partners in
ESE Asia
 45 Fair Trade cooperatives
 43 Small and medium-sized enterprises
Source: responsAbility Social Performance Report 2012
responsAbility Social Investments AG
www.responsAbility.com
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Who supports us
Founding Organisations and Shareholders
A Global Leader in Wealth Management
Largest Swiss Retail Banking Group
Traditional Swiss Banquier Privé
Traditional Swiss Asset Management Bank
Leader in Structured Products
A Global Leader in Reinsurance
A Leading Social Investor
Staff and Management
responsAbility Social Investments AG
www.responsAbility.com
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Recognition and awards
Memberships
Signed
responsAbility Social Investments AG
www.responsAbility.com
Awards
Participation on the advisory
board
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Over-indebtedness
Relevance of Over-indebtedness (OID)

Social & financial harm

Negative impact on borrowers, MFIs and investors
responsAbility ’s Approach to Responsible
Investing

Research on Over-indebtedness : early warning index

Inclusion of the OI analysis at various steps or rA credit approval process
(country, market and MFI levels)
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Our investment Process
Sourcing
Screening
Investment
Decision
 Meeting with
potential
clients/partners
 Country and
market
research
 Approval
investment
committee
 Assessment of
the need
 Due diligence
•
Feedback to
the institution
 Eligibility
criteria
Investment
Execution
• Loan
documentation
• KYC
Monitoring
Reporting
 Feedback
 Ongoing
monitoring
 Further
financing
needs?
Risk Management
responsAbility Social Investments AG
www.responsAbility.com
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Our offer in the Philippines



Our team
dedicated senior investment officer including 2 based in Hong Kong
Financing offer
 Loans and debt securities Senior, usually unsecured

USD or USD indexed on PHP
 Minimum amount of USD 250,000; typical transactions are between USD 1 million and USD 15 million

Repayment structures in line with clients’ needs

maturities range from 1–3 years for senior debt

Investment Criteria
 Total assets of at least USD 1 million, variety of legal structure (NGO, rural banks, cooperatives, thrift
banks)

Business track record of a minimum of three years

Profitable and sustainable operations
 Transparency shown toward responsAbility in a due diligence process
responsAbility Social Investments AG
www.responsAbility.com
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