FIT offers a broad range of tailored and flexible financing instruments, including debt, subordinated debt, equity and guarantees. These diverse options will enable FIT to invest in innovative organisations with a strong social mission at different stages of development, depending on their risk-return profile, size, scale, management structure and financial skills.
All investees have been previously vetted by ADA through direct or indirect collaboration. The success of the investment is measured in terms of its social impact which is monitored in line with key performance indicators and the United Nations’ Sustainable Development Goals.
FIT supports organisations that stimulate independent economic activities, foster a spirit of innovative, social entrepreneurship and create sustainable employment opportunities in developing countries.
Organisations must meet the following requirements to qualify for FIT funding:
Type of organisations
Micro and small enterprises (MSEs), incubators, accelerators, fintechs, microfinance institutions, training centres, basic service and digital solution providers
Supported activities
Strengthening agricultural and forestry value chains, providing business support for entrepreneurs and facilitating access to basic services
Innovation
Innovative business model in terms of products or targeted clients
Existing partner
Directly or indirectly involved in one of ADA’s programmes in the past
Social or environmental mission
Create economic opportunities for and improve the quality of life of vulnerable people and/or promote environmentally sustainable practices
To qualify for funding from the Financial Innovation Tool, investees must demonstrate some form of innovation and sense of initiative. For example, they can serve previously marginalised groups, be the first local provider of certain services or invent a completely new product or service.
Investees must meet at least one of these innovation criteria:
Innovative access
Traditional products and services for excluded and marginalised people. This first-time access represents an innovation for these clients
Product innovation
New, innovative products or services compared to competitors
Sector/market innovation
Innovative products or services compared to global market standards.
FIT helps to transform these innovative ideas into impactful development solutions that create opportunities for growth and improve the quality of life of vulnerable people. For example, FIT can help innovative, early-stage businesses to introduce new products and expand into new markets.
FIT will build on ADA’s longstanding experience in helping entrepreneurs in developing countries to develop an investment portfolio with a strong focus on innovation and impact.
Analyse de marché et référencement
Une entreprise/organisation cible est identifiée par ADA sur la base des informations de marché, des recommandations du programme d'assistance technique ou des activités de conseil en investissement de ADA pour le compte du LMDF.
Analyse des dossiers et présélection
Un conseiller en investissement de ADA analyse le candidat et présente ses conclusions au comité de présélection.
Vérifications préalable
Une analyse pré-investissement complète de l’organisation cible, comprenant une visite sur le terrain, est effectuée.
Indicateurs d'impact social et environnemental
Identification et définition des objectifs pour les indicateurs d'impact social en collaboration avec l’organisation cible, qui seront les principes directeurs tout au long du cycle d'investissement.
Recommandation de l'investissement
Le comité de financement, composé d'experts indépendants issus de divers secteurs, évalue la proposition d'investissement en se basant sur des critères sociaux et financiers précis et formule sa recommandation.
Obligations de vigilance financière
L'équipe FIT procède à des vérifications approfondies en matière de connaissance du client et de lutte contre le blanchiment de capitaux.
Validation de l’investissement
Le conseil de gérance du FIT approuve l'investissement basé sur une recommandation positive par le comité de financement.
Documents financiers
Rédaction et signature des documents financiers par les deux parties.
Décaissement des fonds
Le FIT verse les fonds à l'organisation bénéficiaire.
Suivi et soutien continus
Le conseiller en investissement de ADA suit et soutient les entreprises bénéficiaires tout au long du cycle d'investissement.