Grants and Contributions:
Title:
Aequitas Impact Investment Fund
Agreement Number:
7457843 P012020001
Agreement Value:
$22,900,000.00
Agreement Date:
Mar 21, 2024 - Mar 27, 2036
Description:
This impact investment fund will help to improve the environment and well-being of vulnerable populations, especially women, in Africa, Asia and Latin America . It invests in small-scale financial institutions such as banks, microcredit, and micro-insurance companies in developing countries. Investments by the Aequitas Fund will help these financial institutions improve the availability of financial products, such as microcredit and micro-insurance, and services to underserved populations, including women, small and medium enterprises, youth, and smallholder farmers. The initiative will directly benefit 40,000 entrepreneurs (20,000 of them women) who will benefit from better, more inclusive financial products and services, and indirectly benefit up to 1.5 million clients of the recipient financial institutions.
Organization:
Global Affairs Canada
Expected Results:
The expected outcomes for this project include: 1) Increased performance of the financial institutions supported, particularly in terms of the implementation of inclusive policies that promote gender equality and climate resilience; 2) Increased uptake of financial products and services by micro, small and medium entrepreneurs, particularly women-led enterprises, supporting economic and climate resilience; and 3) More external resources mobilized into the fund with external stakeholders to support development results.
Location:
Levis, Quebec, CA G6V 6P8
Reference Number:
064-2024-2025-Q2-00676
Agreement Type:
Contribution
Report Type:
Grants and Contributions
Recipient Type:
For-profit organization
Additional Information:
Belated reporting
Recipient's Operating Name:
Aequitas-D GP IncDesjardins
Recipient's Legal Name:
Aequitas Fund L.P
Federal Riding Name:
Bellechasse--Les Etchemins--Lévis
Federal Riding Number:
24010