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Financing for Social Impact – The Key Role of Tailored Financing and Hybrid Finance

The EVPA Knowledge Centre embarked on a nine-month journey with a group of over 30 experts to looking at how funding can be shaped in  a way that meets the financial needs of the social purpose organisation (SPO) and at how different actors can collaborate in the VP/SI space to bring more resources to SPOs. 

Supporting SPOs in the most appropriate way is crucial for venture philanthropy and social investment (VP/SI) organisations to maximise the social impact they can generate. Looking at both their characteristics and the financial needs of their potential grantees/investees, VP/SI organisations can customise their financial offer by choosing among a wide range of financial instruments (FIs – i.e. grants, loans, equity and hybrid financial instruments). VP/SI organisations can also structure innovative hybrid funds and financing mechanisms through which they can collaborate with other capital providers within the VP/SI space.

The EVPA report “Financing for Social Impact | The Key Role of Tailored Financing and Hybrid Finance” provides an overview of how to tailor the financial instruments to the needs of the social purpose organisations, by looking at pros and cons of each FI and selecting the ones that are the most suitable, based on the business model and the stage of development of the SPOs. The EVPA report also presents examples from the emerging field of hybrid finance, which helps bring more resources to developing societal solutions and increase the effectiveness in financing SPOs, also by de-risking traditional capital (i.e. public, commercial and retail).

2017 Microfinance Barometer

Every year since 2010, Convergences has been publishing the Microfinance Barometer, a publication that aims at showcasing the global trends of the sector, while raising awareness about the high impact microfinance initiatives and promoting best practices. This publication, realised in partnership with the FNCE, the MasterCard Foundation, the European Microfinance Platform (e-MFP) and Oikocredit, has contributions from key French and international actors. One of Convergences’ key publications, the Microfinance Barometer is listed at the Top 10 Most popular publications at the CGAP’s Microfinance Gateway (2015 et 2016).