NORDIC IMPACT FUNDS

– INVESTING FOR SOCIAL IMPACT IN AFRICA

– NIF seeks to increase livelihoods and resilience for underserved population groups in emerging markets by promoting economically, socially, and environmentally sustainable business models that contribute to increased financial health and climate change adaptation and resilience for women and the base of the pyramid, in particular

– To this end, NIF provides finance, impact incentives (in selected cases), and strategic advice to enterprises in food and agricultural value chains and financial systems with sustainable climate- and gender-smart solutions benefiting the bottom of the pyramid and doing no harm

Input and activities

Flexible capital

Equity, debt or hybrid instruments

Strategic advice

Value creation through technical assistance and strategic guidance

Impact Incentives

Financial incentives upon achievement of impact targets

Investment focus

Food system and
agribusinesses

Financial service providers
and digital enablers

Climate-smart solutions contributing to increased climate change adaption and resilience

Gender-smart solutions contributing to increased gender equity

Inclusive solutions targeted the bottom 40% of the income pyramid

Sustainable solutions ensuring no harm to sustainable development objectives

  • Business growth and expansion
  • Increased economic viability
  • Improved governance and investability
  • Increased depth and breadth of impact
  • Increased inclusion
  • Improved enviromental and social (risk) management

Example longer term outcomes at target group level

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Increased quality, quantity, and consistency of yields

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Increased financial inclusion and improved financial health

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Increased access to income generating activities

agriculture

Increased quality, quantity, and consistency of yields

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Increased financial inclusion and improved financial health

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Increased access to income generating activities

Ultimate impact objectives

Increased climate change adaption and resilience for low-income and vulnerable people in East Africa

NIF’s impact and sustainability strategy is rooted in a holistic approach incorporating both intentional positive impact (do good) and mitigating potential adverse impacts (do no harm). We track a wide range of indicators across our theory of change, in highlight key impact performance indicators are:  

See how we actively manage impact and sustainability throughout the investment process in our Impact and
sustainability policy

and find our latest impact results in the 2023
Impact Report

NIF’s impact and sustainability strategy is rooted in a holistic approach incorporating both intentional positive impact (do good) and mitigating potential adverse impacts (do no harm). We track a wide range of indicators across our theory of change, in highlight key impact performance indicators are:  

See how we actively manage impact and sustainability throughout the investment process in our Impact and
sustainability policy

and find our latest impact results in the 2023
Impact Report

KEY RESULTS

$2.05M invested

7 companies

3 countries

85% local farmers

60% women founders

43% food/agriculture
57% financial inclusion

28.8% average ftes per company

46.8% women in management

50.1% woman employees

32.9% average revenue growth

57% raised additional capital from investors brought in by NIF

5 companies have increased their client reach of more than 50% since investment

847.8K people reached

51% avr. low-income clients

59% woman reached

GREKKON

Grekkon enabled its clients to improve their yield by 70%

XENO

Xeno created 43k new investment accounts in 2023

100K +

people are insured thanks to Jami

Improved livelihoods and climate change adaption and resilience for low-income and vulnarable people in East Africa