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THE INGO Impact Investing Network was formed in 2015 by Aspen Network of Development Entrepreneurs, GOAL, Humentum, Mercy Corps, and Pact, as a small consortium of INGOs working together to gather and share knowledge about how INGOs are using private investment capital to advance their work in solving pressing global development challenges. Since that time, recognizing opportunities to accrue new value to their missions through impact investing, more than 55 international NGOs have joined and participated in activities, information sharing, and regular network forums.
In 2016, the Network published its first report, entitled Amplifyii: The INGO Value Proposition for Impact Investing. The report outlined the key areas where we saw INGOs adding value to the rapidly growing impact investing ecosystem and named points of challenge where INGOs needed to grow in order to achieve the impact they sought.
Now, two years later, with this report, entitled Amplifyii: The Next Mile of Impact Investing for INGOs, we are telling the story of how INGO offerings to the impact investing ecosystem are maturing and what this new activity means for the process of disruption and innovation currently underway in the international non-profit space.
Our hope is that this data and the ensuing insights and lessons learned add value to the conversation about how the diverse array of stakeholders involved in impact investing can continue to grow their collaboration, moving more capital towards impact around the world.
This is the story of how INGOs are taking impact investing the next mile.
Established in 2013, Portea is a leading health care provider in India. Portea serves more than one million patients through a home-based care model. Most of Portea’s services, which span elder care, physiotherapy, post natal mother and child care and more, are delivered by low-income male and female nursing attendants (NAs) and nurses. Portea has almost 4,000 employees with women representing about 52% of the workforce, especially at lower levels.
Under the USAID Asia and Middle East Economic Growth Best Practices Project, MEDA partnered with local investment funds and small and medium enterprises (SMEs) to evaluate and upgrade gender equality within business operations by mainstreaming gender across environment, social and governance (ESG) standards commonly applied in the investment industry.
Macrosentra Niagaboga (MN) is part of Cimory Group, a family business in Indonesia. MN distributes over 500 needed consumer goods including dairy, processed meats, eggs, and soy products across the archipelago. Founded in 2004, MN has 614 employees with 174 women staff.
“Honesty is more than not lying. It is truth telling, truth speaking, truth living, and truth loving.” - James E. Faust
The above quote from James E. Faust lies at the heart of the movement to go from Development Finance Institutions to Blended Finance Institutions or “from DFI to BFI” as a key contribution to the global effort to strengthen collective action from public, philanthropic and private sector investors to achieve the Sustainable Development Goals (SDGs). For it is absolute honesty that has led to leaders from public, philanthropic and private sectors to acknowledge their need for each other and their limited knowledge of each other’s investment values, to redesign development finance and launch a new way to blend capital to promote sustainable development and inclusive growth.