Impact Investing in Frontier Markets (INFRONT) is an innovative public-private partnership between Sarona Asset Management, MaRS Centre for Impact Investing, and the Government of Canada for sustainable development in frontier and emerging markets.
INFRONT is working throughout Asia, Africa and Latin America to expand the ability of SMEs to access investment capital, adopt and implement enlightened business practices, and accurately measure social impact.
The goal of INFRONT is for women and men to access products and services delivered by more socially and environmentally responsive firms.
Through this project, 5,050,000 women and men will have access to products and services.
Small and Medium Enterprises (SMEs) are recognized as key economic drivers in frontier and emerging economies. However, SMEs face significant constraints that need to be resolved if they are to more fully and progressively serve the needs of individuals and national economies.
Three challenges in particular are faced by MEDA’s INFRONT initiative:
Led by MEDA, and in partnership with Sarona Asset Management (Sarona) and the MaRS Centre for Impact Investing, the Impact Investing in Frontier Markets (INFRONT) set-up the Sarona Frontier Markets Fund 2 LP (SFMF) to invest in local funds for onward investment in SMEs that have potential for high development impact.
MEDA, and in partnership with Sarona Asset Management and the MaRS Centre for Impact Investing, INFRONT is comprised of two key components: