14 years of serving the underserved
At IIX, we have been moving forward with the single focus of building a more equitable world as the foundation for sustainable peace. To catalyze the creation of this world, we are disrupting traditional finance — paving new paths in impact investing, reaching historically underrepresented geographies, and innovating per on-the-ground realities.
2022 Report Highlights
The Journey of an SME
IIX’s 2022 Impact Report introduces the role of our support ecosystem at every stage of an SME’s growth journey.
IIX has pioneered an impact ecosystem to create long-lasting positive social and environmental outcomes while bridging gaps in the financial system. It practices a holistic approach, with two main pillars:
Capital Raise for Kennemer Group
Kennemer Group finances smallholder farmers in the sustainable agriculture sector in the Philippines, working with19,000 farmers, planted over 20 million trees, and has disbursed over US$ 6M to 1,000 farmers and agribusinesses. The group recently formed a joint venture to manage carbon credit programs and raised US$14M in its latest funding round with Impact Partner’s assistance in Aug 2022.
Circularity in Indonesia’s Waste Value Chain
Impact Partner’s (IP) research led to the discovery of Plastic Pay, which IP introduced to 40+ potential funding partners and expand its supply chain by connecting with local enterprises. In just a year of IP’s involvement, Plastic Pay’s revenue grew 9x to US$700,000 (from US$80,000 in 2021). By end of 2023, Plastic Pay is projected to achieve US$3M in revenue.
Emergency working Capital Financing to Fuchsia Shoes
Fuchsia Shoes approached IIX Growth Fund for emergency support to cover working capital needs. Fuchsia Shoes was able to continue operations with an IGF loan of US$200,000, providing 72 artisans with job security, higher income, annual skills training.
WLB Series: Empowering KOMIDA, empowering women
KOMIDA is one of the largest microfinance institutions in Indonesia that helps its 100% female customers with savings accounts, loans, health training, school support for their children, and family financial management. KOMIDA received US$9 million from WLB2, WLB3, and WLB4 to help over 99,000 women and their families. Its women clients have reported a 20-30% increase in income each year, enabling them to save more, invest in family development and children’s education, and grow and expand their businesses. The majority of KOMIDA’s loan portfolio (~95%) comprises individual loans provided to micro-entrepreneurs for income-generating and productive activities. Other lending purposes include housing, sanitation, education, personal consumption, and agricultural loans.
Blended finance promotion activity in Indonesia
R&A assessed 17 Indonesian impact enterprises and created a roadmap for each SME to maximize financial sustainability, impact, and scale. After three stages, R&A released a project report with the support of IP, IIX Values, and WLB. The program supported 7 high-impact enterprises in mobilizing US$9.7 million and impacting the lives of ~250,000 women. This case study validates the criticality of an SME’s awareness of their own impact and ability to communicate the same to potential investors in unlocking higher gains across the value chain.
ATEC’s Impact Performance, validated by last-mile beneficiaries
ATEC is the creator and marketer of two patented Pay-As-You-Go (PAYGO) clean cooking options for low-income households in Cambodia and Bangladesh. ATEC gives farmers biodigesters to create a world with ample energy and food. IIX Values helped ATEC map their impact performance to SDGs 1, 5, 7, and 12 and quantify the impact micro-indicators they met. ATEC also used IIX ValuesTM to gather 100 last-mile customer feedback to verify their effect. 81% of them said the product improves their communities, and 59% said they were satisfied with ATEC’s product, giving ATEC a 3.5 verification score.