Mission Fit Criteria
We seek to invest in for-profit enterprises committed to gender equity principles, which provide goods and services and generate decent jobs and sustainable incomes for under-served communities; engaging them in their value chain as suppliers, retailers, employees, or consumers.
— Primary focus: businesses with the majority of their operations in Peru or Colombia
— Sustainable Agribusiness/Food Processing (prioritizing Climate-Smart Strategies): companies along the agricultural value chain, including Ag- Tech
— Light Manufacturing: Ethical Fashion and Artisanal Manufacturing (companies that hire or buy from artisans)
— Inclusive Technologies: Companies using tech-based operational platforms to build competitive advantages for underserved communities, such as fintech for low income consumers, or online platforms connecting micro-entrepreneurs to markets
— Amount: USD 750,000 to USD 2,500,000 per company with the possibility to invest larger amounts.
— Structure: mezzanine debt, senior debt.
— Control: no control rights in terms of equity ownership and/or voting rights.
— Term: up to 2 years for working capital loans; 5 to 7 years for long-term loans.
— It is essential that the company have a strong management team with a successful history starting and/or managing companies or has other industry experience and education.
— “Growth Stage” companies with a strong track record of operations, a consolidated business model, and which have reached annual sales of at least $1M, and with at least two most recent quarters of positive EBITDA.
— Companies that can protect their market position through high barriers to entry, first-mover advantage, high-quality differentiated products, etc.
— Companies that are committed to sound environmental, social, and governance standards and practices, and are open to working with APF-I to improve these areas if necessary.
— Investment represents less than 50% of company’s total capital base and/or annual revenues.
— Business model: inclusive businesses that generate decent jobs, sustainable incomes/cost savings for workers/suppliers/consumers from underserved communities as part of the core operations.
— Gender Lens: businesses committed to gender equity principles and to implementing improvements to achieve greater gender equity when necessary (gender diversity in governance and management, equitable hiring, compensation, and promotions, etc.)