Post on 09-Mar-2016
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Executive PresidentElena CasolariCEO at ACRA-CCS
Executive VicepresidentStefano MagnoniPresident at FemS3
Luca SangalliFounder and CEO at Pegasus Finance
Paolo GrigolliDirector, Tsm-Trentino School of Management;Co-founder at MicroVentures
Rodolfo Fracassi Director and Co-founderat MainStreet Partners
Investing in social enterprises that provide
long lasting solutions for a world without poverty
BOARD OF DIRECTORS OuR ADDED VALuE
An impact investment fund participated by social and financial players engaged in tackling global poverty.
The well-rooted presence in all the countries of intervention.
Focus on an untapped market segment: early-stage businesses.
Fondazione OpesVia Lazzaretto 3, 20124 Milan - ItalyPh +39 02 36769106www.opesfund.euinfo@opesfund.eu
1327/1, 13th Cross Indiranagar, 2nd Stage, 560038 Bangalore, IndiaPh +91 (0)80 41521410Fax +91 (0)80 40914980
EVPA Associate Member
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NLevels of inequality are dramatically increasing all over the world. This growing wealth divide leaves the majority of the world population in a state of poverty and injustice.
Nearly 2/3 of the world population lives with less than $2.5 a day, representing the so called “Base of the Pyramid”.
To tackle such crucial social and economic issues at the Base of Pyramid a new generation of social entrepreneurs and innovators is emerging and proposing sustainable solutions.
Social entrepreneurs are creative individuals seeking innovative business solutions able to create social and/or environmental benefits for the entire society.
The main principle behind their actions: inequalities and injustice can and must be tackled through a more responsible way of doing business based on the creation of positive social externalities and on the respect of
In order to take up this challenge, in October 2012 five leading social organization founded Fondazione Opes.
People at the bottom of the pyramid have significant unmet needs, and pay the so-called “poverty penalty”, higher prices to access basic goods and services.
VISION We envision a world where everyone has access to health, water, sanitation, energy, education and food, where everyone is empowered and has the opportunity to free his/her own potential and uplift his/her life.
ACTION: beyond charityThe 5 institutional founders share the belief that new tools and frontiers should be explored, beyond the conventional way to deliver and employ capital.
• Opes Impact Fund, managed by Fondazione Opes, is a not for profit investment vehicle devoted to impact investment. Opes has identified innovative impact social enterprises leveraging on market mechanisms, strongly believing in the power of patient capital.
• Opes Impact Fund deploys philanthropic capital into investments that yield social and financial returns.
• All funds returned to Opes are reinvested into new ventures.
• Opes Impact Fund supports social entrepreneurs who have great ambitions and achievements who tackle the most challenging problems while seeking environmental and economic sustainability.
• Investing debt and equity in unexplored business models, focusing on social enterprises which are in the early stage of their life.
• Providing high value capacity building support to social enterprises through its institutional founders.
WhERE?
Opes targets social enterprises located in East Africa (Kenya, Uganda, Tanzania) and India, delivering capital through its local offices
hOW?
Through equity and soft loans with flexible grace period. Investment size ranges from €50k to €400k for each portfolio Company
WhO?
The target sectors are: Water and Sanitation, Waste, Health, Education, Energy and Fair Trade
AFFORDABILITy: as measured by the cost of a product/service relative to the amount that the purchaser is able to pay
INCLuSIVITy: the level of accessibility to the product/service for the potential customer in terms of ease of purchase
OuTREACh: how many people are actually reached by the product/service
GROWTh POTENTIAL: the ability of the business to reach a significant scale within a limited amount of time
human values, and not simply of mere financial calculations.
Photo by Beatrice De Blasi Photo by Patrizia Canova
Opes Impact Fund,s mission is to provide
a contribution to the fight against global poverty and inequality, providing access to credit to all those enterprises whose work is sustainable, innovative and able to generate social positive impacts for the entire society
POVERTY
WhAT BROuGhT uS hERE?
DISRuPTIVE ThINkERS AND INSPIRATIONAL ChAmPIONS
OuR ChALLENGE
800 Mln peopledo not have access to safedrinking water
Nearly 1 Mln peoplein Africa die every year from malaria
Nearly 1 Bln people do not have enough to eat
4 Bln people living on less than 2.5$ a day
75 Mln children with no access to primary education
Over 750 Mln illiterate adults
2.5 Bln people with no access to
basic sanitation
1.4 Bln people with no access
to electricity
FROm VISION TO ACTION,,Every change begins with a vision and
a decision to take action,,
OuR POSITIONING IN ThE ,,ImPACT INVESTING,, ARENA
INVESTmENT STRATEGy
INVESTmENT CRITERIA
Social enterprise
One of the leading fair trade organizations worldwide
International microfinance investment company
An established and high-profile Italian NGO
A dedicated player focused on “market-based solutions”
finance for development S3 Fondazione Maria Enrica
Women empowerment organization
Social enterprise
FINANCIAL FLOWS HIGH-VALUE CAPACITy BUILDING