Theme
Investment

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"The study (i) reviews the definitions and concepts of social enterprises, (ii) outlines the landscape across 10 selected countries in Asia and Latin America, (iii) discusses challenges to scaling as faced by social enterprises, and (iv) presents suggestions for development banks to extend support to social enterprises through public and private sector investments. The study categorizes social enterprises and argues that the comparative advantage of development banks is to support selected social enterprises that are commercially bankable and have the base of the pyramid (BOP) at the core of their business operations. Development banks can support these enterprises-considered as the inclusive businesses of the future-through investing in impact funds and/or public sector loans."

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"SMEs are positioning themselves as a strategic branch of banking operations in the region, while banks are increasingly pushing for more active policies when it comes to the financing of SMEs. This is one of the highlighted conclusions from a 2011 joint survey conducted by the Inter-American Development Bank Group's entities dealing with the private sector: the Multilateral Investment Fund (FOMIN), the beyond Banking program of the department of Corporate and Structured Financing (SCF), and the Inter-American Investment Corporation, along with the Latin American Banking Federation (FELABAN).
This report introduces the general results obtained during the fourth survey encompassing the views and opinions of directors, managers and deputies of the SME division of 109 banks scattered across 22 countries in Latin America and the Caribbean. It also includes an itemized analysis of the answers divided by the banks size and location, as well as their interrelations with other trends in that sector."

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"While the world has made huge economic gains over the past 50 years, this progress has been highly uneven. This is particularly acute in the agriculture sector, with many of the 500 million smallholder farmers around the world living on meager incomes and facing high levels of economic insecurity.

Despite some recent innovations and advances in including smallholders as market players, there have been few cases where truly widespread, market-level, transformative change towards inclusion has been achieved.

In this report, we explore the role of different kinds of capital in bending the arc of agricultural market development towards inclusive growth. We pay particular attention to how impact-focused players deploying capital that is flexible in terms of risk-return expectations can best deploy it in order to catalyze large-scale transformations towards inclusion."

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"This introductory guide is aimed at entrepreneurs and investors who are new to the process of negotiating term sheets. It is not meant to provide legal advice; instead, it is designed to provide examples of certain common provisions that are not always easy to grasp.

This guide is a thorough summary of the options for setting up a business in Mexico including the governance clauses and the differences between legal structures. It covers third party investments to raise capitals, and explains the concepts of impact investment, capital instruments and key economic terms."

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"In an effort to offer greater insight into the practice and utility of capacity building support, this report explores common forms of capacity-building support used by impact investors, many of which resemble forms of nonfinancial support historically leveraged by conventional investors. While both impact and conventional investors use capacity-building support to strengthen the underlying businesses of investee companies, impact investors also use it to enhance and extend their impact. This report outlines various needs that impact investors address through capacity-building support, the ways they structure and deliver such support, and funding strategies used for deploying such support."

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"Investors and capacity development organizations have an opportunity to support women-led small and growing businesses, but they lack information. The purpose of this collaborative research project is to provide information to capacity developers and investors who want to better understand and address the barriers to growth for women-led small and growing businesses (WSGBs)."

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"This report, the second in a collaboration between the United Nations Capital Development Fund (UNCDF) and the Organisation for Economic Co-operation and Development (OECD), outlines the latest trends in blended finance approaches in LDCs. It updates the previous 2018 report with the latest available data from the OECD, which now cover the six years from 2012 through 2017. It also features seven guest pieces by practitioners and experts working in the blended finance space, which showcase the opportunities and challenges of applying blended finance solutions in LDCs. The report concludes with a review of the next steps for the blended finance and development communities, and flags some emerging issues revealed in the report."

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"The main focus of this study is to ascertain the impact of access to formal credit on enterprise performance. The study uses Nigerian Enterprise Surveys data for 2010 to construct a direct measure of credit constraint. From propensity score estimations, the results show that access to formal credit matters and has significant impact on enterprise performance indicators. Firms that are credit constrained have significantly lower output per worker, capital per worker, employment of labour and investment in fixed assets for expansion compared to firms that are not credit constrained. This is more pronounced for women-owned enterprises after adjusting for bias in the estimations and controlling for sampling weights. This suggests that one way to support the growth of enterprises in Nigeria is to make access to formal credit less stringent. Also, government and monetary authorities should support credit expansion policies for medium and small enterprises in Nigeria."

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"This report presents a "state of play" for INGO (International Non-Government Organization) engagement in impact investing, based upon data emerging from the recently fielded INGO Impact Investing Network Survey. It includes an overview of current activities, case studies from members, and findings from group discussions around the key areas of strength and challenge.

The report outlines the data around INGOs' current approaches to making investments, receiving investments, providing technical assistance, and building the impact investing ecosystem. It then delves into some of the most important issues for INGOs, including internal capacity, organizational culture, measurement, and partnerships."

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"This report is arranged into two sections. In Part One, the editors overview trends in impact investing among INGOs, drawing on data from a recent survey of 45 INGOs engaged in impact investing. Part Two, a series of chapters, authored by leaders in impact investing, delves into key topics of interest for INGOs. These chapters look more deeply at specific assets INGOs bring to the space, challenges they face, and lessons they have learned over the past few years of engagement. Throughout the report, case studies of what INGOs are doing in impact investing brings the data and lessons to life through real life examples."

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