International Microfinance

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Jasper Snoek
CFO, DOEN Foundation (Netherlands)

Jasper Snoek's presentation from the 2009 Take Action! Impact Investing Conference in San Francisco.

Published in: Business, Economy & Finance
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International Microfinance

  1. 1. DOEN FoundationJasper Snoek, CFO
  2. 2. DOEN FoundationThe fund of three Dutch charity lotteries • the Dutch Postcode Lottery • the BankGiro Lottery • the Sponsor Bingo LotteryFocus on Sustainable Development, Culture, Welfare andSocial CohesionUse of all financial instruments: grants where necessary, loans,guarantees or equity where possibleAnnual budget of > USD 50 million
  3. 3. Impact investing DOEN Foundation1. Investing in entrepreneurial initiatives that lead to a sustainable world in which everyone can play a part2. All DOEN investing is impact investing with a high risk profile and uncertain financial returns3. All returns reinvested or granted
  4. 4. MicrofinanceDiversified portfolio of (potential) leaders in all segments of the sector • Triodos-Doen, 70 million fund • Symbiotics, broker • MyC4, P2P • Fern, MIS provider • ProCredit Holding, group of 22 MFIs Over USD 140 million to microfinance
  5. 5. ProCredit GroupImpact InvestmentLong-term investment to improve access to financial services. Since 1998 USD 56 million invested and USD 14 million in grants.Returns realised• Social impact: 4.5 billion USD outstanding to 1 million clients and 4 billion savings from 4 million clients• Financial return: annual dividends and considerable value created
  6. 6. ProCredit Group
  7. 7. Challenges in impact investingGetting best at scouting initiatives that:• are entrepreneurial• are pioneering and have impact potential• meet your impact objectivesApproach and challenges• Selection of right entrepreneurs• Increasing exposure over time, shifting from grants to equity• Focus on potential for social impact and then financial returns• Be patient
  8. 8. Tendris – VISA GreenCardThe first credit card which automatically compensates forCO-2 emissions
  9. 9. Solar powered mobile phone

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