This snapshot is part of a series published by CGAP and Symbiotics, offering regular updates on how COVID-19 is affecting the microfinance sector’s portfolio quality, financial health, and ability to serve excluded clients.

The main impact objective of this investment is to foster development in Africa through employment and income creation.

The new company offers reference products to impact investors and fund managers, centered around research, impact and investment solutions.

The results of the very comprehensive B Impact Assessment provide an important benchmark for the company and a path to further improve certain areas and take specific actions in the years to come.

This investment will help to finance small and medium enterprises with the objective to create jobs in nine countries in Sub-Saharan Africa, that have joined the G20 Compact with Africa program initiated by the German Government.

The proceeds of the Social Bond will be used to finance access to financing services, with its eligible subcategories: affordable housing and household financing.

Symbiotics, the leading market access platform for impact investing, has arranged its first Sustainability Bond, that is also the first such bond in Armenia, by raising about $10,700,000 in local currency for ARMECONOMBANK OJSC.

The partnership will track and analyze the performance of hundreds of microfinance institutions across the world over the next six months, in an ongoing effort to shed light on how the COVID-19 pandemic is impacting the microfinance sector.

A look at how COVID-19 is affecting the microfinance sector’s portfolio quality and financial health

Symbiotics publishes its inaugural global impact fund survey, merging its historical microfinance investment vehicle survey, started with the CGAP in 2007, and its private debt impact fund survey, started with the Global Impact Investing Network in 2018.