Project profile — Aequitas Impact Investment Fund



Overview 

CA-3-P012020001
$22,900,000
Aequitas-D GP IncDesjardins (61003)
2024-03-21 - 2035-08-05
Operational
Global Affairs Canada
YFMInternaAssistPartnershp&Programing Br

Country / region 

• Africa, regional (40.00%)
• North and Central America, regional (20.00%)
• South America, regional (20.00%)
• Asia, regional (10.00%)
• Europe, regional (10.00%)

Sector 

• Financial policy and administrative management:
Financial policy and administrative management (24010) (25.00%)
Formal sector financial intermediaries (24030) (25.00%)
Education/training in banking and financial services (24081) (25.00%)
• Industry: Small and medium-sized enterprises (SME) development (32130) (25.00%)

Policy marker 

• Gender equality (significant objective)
• Environmental sustainability (cross-cutting) (significant objective)
• Participatory development and good governance (not targeted)
• Trade development (not targeted)
• Biodiversity (not targeted)
• Climate change mitigation (not targeted)
• Climate Change Adaptation (not targeted)
• Urban issues (not targeted)
• Desertification (not targeted)
• Children's issues (not targeted)
• Youth Issues (not targeted)
• Disaster Risk Reduction(DRR) (not targeted)
• Indigenous Issues (not targeted)
• Disability (not targeted)
• Nutrition (not targeted)
• ICT as a tool for development (not targeted)

Description 

This impact investment fund aims to improve the environment and well-being of vulnerable populations, especially women, in Africa, Asia, Eastern Europe and Latin America. It seeks to invest in small-scale financial institutions in developing countries to help them improve the availability of financial products, such as bank accounts, loans and insurance. These investments aims to increase the availability of financial products and services for entrepreneurs who run micro, small and medium-sized businesses, including women, youths and small-scale farmers. The initiative directly benefits 40,000 entrepreneurs (20,000 of them women) who benefit from better, more inclusive financial products and services.

Expected results 

The expected outcomes for this project include: (1) increased performance of the financial institutions supported, particularly in terms of the implementation of inclusive policies that promote gender equality and climate resilience; (2) increased uptake of financial products and services by micro, small and medium entrepreneurs, particularly women-led enterprises, supporting economic and climate resilience; and 3) mobilized more external resources into the fund with external stakeholders to support development results.

Results achieved 

N/A

Budget and spending 


Original budget $0
Planned disbursement $0
Transactions
Country percentages by sector
Type of finance Reimbursable grant
Collaboration type Bilateral
Type of aid Project-type interventions