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Last update : February 2007
Background
SIDI, the Investment Company for International Development, was established in 1983 by the French NGO, CCFD (French Committee Against Hunger and for Development), to strengthen its intervention in the economic field.
Objectives
SIDI is specialised in the financial and technical support of microfinance
institutions: it aims to promote viable economic activities and to foster
the establishment of a social and economic environment capable of promoting
sustainable development.
Partners.
In terms of their legal structure and the methodology used, SIDI's partners
may be different: local associations, NGOs, companies, savings and credit
unions, socially oriented banks. SIDI expects the provision of viable
financial services adapted to the needs of micro and small entrepreneurs of
developing countries, with profitable projects, but excluded from the formal
financial sector, because of lack of guarantees and working capital.
Resources
SIDI's financial resources include:
Share capital (9 M€) held by the CCFD (the founding shareholder) and institutional and private shareholders
Shared income of the mutual fund "Faim & Développement" (Hunger and development), promoted by the CCFD
Funds negotiated with bi- and multilateral public agencies and private development organisations
Revenues of its portfolio
Fields of intervention
Financial support :
Consolidation of financial resources of the partners
Equity investment Loans
Loans
Guarantees
Grants negotiated with international donors
Support and follow up: Reinforcement of operational capacities of partners
Governance and institutional support (participation in the governing and decision-making)
Support and advice in the internal organisation (design of business plan, employee training)
Support to operational activities (design of sustainable financial services)
Research and development: complete SIDI's financial and technical assistance
Elaboration of methodological tools and support to the decision
Capitalisation
Networking
Social performances research and programs with local partners
Results
Since it was created in 1983, SIDI has developed partnerships with financial institutions specialised in support of micro and small enterprises in 28 countries in Africa, in Asia, in Latin America, the Middle East and Eastern Europe.
As of December 2006, SIDI’s equity and loan portfolio amounted to Euro 6.7 million
As of December 2006, SIDI refinance and support technically 58 MFIs and 3 regional networks.
As of December 2006, SIDI’s partners have distributed more than 1 million of loans (from 50 up to 5 000 €)
The Finansol label
The Finansol association brings together the majority of French actors active in solidarity financing and awards a label of quality to vouchsafe the transparent and efficient use of funds. This label has been obtained by the "Faim et Developpement" (Hunger and Development) mutual fund, the "Eurco Solidarité" and the equity shares of SIDI. More information on Finansol on their site (in French only) www.finansol.org
