"Great to see many resilient businesses in Mali addressing social and environmental challenges in the region. We are building a robust pipeline of potential investees for the West Africa Bright Future Fund. During my stay, I visited quite an impactful MFI and resilient SMEs operating in Agriculture and Clean energy sectors," says Sjoerd Melsert, Senior Investment Manager. Sjoerd has just returned from a business trip to Mali, where he touched base with existing investees and met some new prospect partners.
At Cordaid Investment Management, we believe assessing the impact and financials requires a hands-on approach. "More than financial reports or remote monitoring is needed to understand the impact of our investments. We need to visit the enterprise, talk to the people, and see the impact firsthand. Besides, it's good to have a face-to-face with existing partners to understand their progress and challenges, ensuring we are achieving our desired social and financial outcomes. This approach also helps to build trust with investees and local partners, which is crucial for the long-term success of our investments." adds Sjoerd.
Our West Africa team, with investment managers based in Mali, Burkina Faso and Sierra Leone, is continuously scouting for new investment opportunities, building relationships with entrepreneurs, and assessing their potential for impact and financial returns. Recently we have made an open call for businesses in Burkina Faso, Guinea, Mali and Sierra Leone (operating in Agriculture, Clean Energy, and Waste Management sectors) to apply for WABFF SME funding. We have released a loan application form to ensure that we are investing in companies that align with our mission and have the potential to generate meaningful social and environmental impacts.