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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 Page 2 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 Page 3 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 Page 4 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 Page 5 Recognition and awards Memberships Signed responsAbility Social Investments AG www.responsAbility.com Awards Participation on the advisory board Page 6 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) 7 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 Page 8 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 Page 9