2017 Activity Report

FONDS INTERNATIONAL DE GARANTIE 2017 ACTIVITY REPORT AU SOMMAIRE : 2 Message du Président 3 2017 : Une année de transition 4 Engagements financiers auprès des membres 5 Les membres du FIG 6 Comptes audités 2017 7 Remerciements Opération de séchage du café - CAFE PERÚ MESSAGE FROM THE PRESIDENT Dear Associates, Dear friends, A diversification of the products offered to our members; 2017 was marked by profound changes for our cooperative that will Strengthening and diversification of governance and management take full effect in 2018. (Board of directors, Management and Local Correspondents). Indeed, the Board of directors and the Management, after the new All these elements will be presented for validation at the Ordinary strategic orientation has been validated at the General Meeting of General Meeting planned for the first half of 2018. This Activity Report June 1, 2017, has been given the mandate to implement it. nonetheless highlights the work achieved during this year of transition. This new strategic orientation was based on the acknowledgment that These reflections were carried out with the support of many friends, the guarantee tool, which had been at the origin of FIG's creation, was partners and volunteers who will recognize each other. But also two gradually less used since the outbreak of the international financial external consultants in the person of Agnès Boulmer (Consultant for crisis. More and more financing took the form of direct loans, both to the communication strategy) and François Rossier (Consultant in so- lower the cost of operations for our members and to increase our abili- cial business models). We thank them all for their commitment and ty to self-finance our activities. It was also about working on financial their valuable recommendations. innovations such as equipment loans for agriculture cooperatives. Implementing a new dynamic without betraying the values and the During the second half of 2017, substantive work has been done. Both fundamental mission of our cooperative when it was created in 1996 is on the improvement of the products and services offered by the the objective of this exercise, which has strongly mobilized us in 2017. cooperative to its members, and also around our identity, that we had to update in regards to the changes in the microfinance and internatio- Deogratias NIYONKURU, President of FIG nal cooperation sectors. It was also about having a real communication strategy, both internal and external, in order to be able to raise more funds to fulfill our objectives. By 2018, we will unveil this new FIG. It will be characterized by: A new identity, highlighted by a name change, a new logo and a new website; Improved analysis and monitoring procedures of our members in the South; Membre de la coopérative de producteur de CACAO TOCACHE - Pérou INTERNATIONAL GUARANTEE FUND—2017 ACTIVITY REPORT 2 2017: A year of transition and change In 2017, an important work was carried out around 2 main axes: the strength and singularity of our cooperative in the microfinance and improvement of our procedures for a greater professionalization of our development sectors. It will enhance the social impact of our mem- activities and a fundamental rethinking on our identity and communica- bers’ activities, while promoting and capitalizing their experiences. tion strategy, which, due to limited human resources, was lacking. This This renewed identity will be launched at our GA in 2018. work led us to review all aspects of our activities and governance and Strengthening and diversifying the Management and the Board of seek how to improve it to increase our impact. Here are some impor- directors tant elements of the changes introduced during this exercise. The insufficient human resources - 1 only permanent staff – ack- Improved risk analysis and portfolio monitoring nowledged for several years, led to abandon certain tasks considered In order to improve the analysis of the risks and the impact of our less vital, but nevertheless essential, as communication and fund rai- loans and to facilitate the work of the Credit Committee, our model of sing. As it is necessary to be seen to exist, the Board of directors has risk analysis (due diligence) has been deeply revised. decided to hire in 2018, a Director of Communication and Fundraising to support the Executive Director. Her main task will be to implement The new model makes it possible, thanks to a system of indicators the new communication strategy and to revitalize internal communica- and weighting, to "rate" the risk of our beneficiaries. It also makes it tion between the members and the Geneva head office. Her recruit- possible to qualitatively assess the social impact of the financed activi- ment will take place in the second quarter of 2018. ties. The terms of reference and the remuneration grid of our local corres- The monitoring procedures have also been reviewed. These elements, pondents were also reviewed and improved. beyond the issue of the financial risks taken by the cooperative, will also enable our local correspondents to better advise and support our On the other hand, the Board of directors has also assessed its func- members in the field. tioning and diversification of its members both in terms of generation, gender and North / South strengthening and development. Towards a new identity and a name change of the cooperative The new guidelines validated by the 2017 GA, particularly marked by a reduction in the use of guarantees and the development of a new equipment loan product has inevitably led to a reflection around our name: the International Guarantee Fund. A name that was a product name and not a brand as such. The de- creasing use of the guarantee instrument made the FIG acronym ob- solete. Therefore, a reflection was launched with the support of Agnès Boulmer, an external communication consultant. Through the search for a new name, the whole identity of our cooperative has been reviewed to set up a real communication strategy, highlighting the Chiffres clefs au 31.12.2017 Encours des engagements en Afrique: CHF 242'512 Encours des engagements en Amérique latine: CHF 1'804'070 Nombre de bénéficiaires: 18’750 bénéficiaires directs et près de 75'000 bénéficiaires indirects Nombre de bénéficiaires indirects : 65’000 INTERNATIONAL GUARANTEE FUND—2017 ACTIVITY REPORT 3 OUTSTANDING PORTFOLIO AS OF 31.12.2017 Country Members Type of members Type of instrument Amount (CHF) BURUNDI DIFO Producers cooperative Guarantee 85'074 BURUNDI ADISCO MFI Direct loan 38'980 EL SALVADOR AMC MFI Direct loan 341'075 EL SALVADOR CONFIANZA MFI Direct loan 146'175 GUATEMALA CODEPA Producers cooperative Guarantee 73'088 NICARAGUA CARUCFIN MFI Direct loan 156'215 NICARAGUA COOPEFACSA MFI Direct loan 146'175 NICARAGUA COOPSAFRA MFI Direct loan 113'017 NICARAGUA PRESTANIC MFI Direct loan 341'075 PERU CAFE PERU Producers cooperative Guarantee 194'900 PERU CREDIFLORIDA MFI Direct loan 97'450 PERU TOCACHE Producers cooperative Direct loan 194'900 TOGO FECECAV MFI Guarantee 118'458 TOTAL 2’1046’583 By end 2017, our outstanding portfolio reached CHF 2'046'583. Several operations currently being concluded by the end of 2017 will further diversify our commitments to quinoa and Peruvian Alpaca pro- In Nicaragua, we put an end to the security deposit with CARUNA and ducer’s cooperatives and a loan is also planned for a savings and renegotiated our commitments with PRESTANIC and COOPESAFRA. credit cooperative in Ecuador. A first loan was granted to COOPEFACSA and CARCUFIN, two members who have benefited for several years from the support of our The diversification of our financial products opens new partnership local correspondent Jamir Contreras as part of the technical support perspectives. and financial education programs offered to our members. Type of member diversification Country diversification PERU PRODUCERS COOPE- NICARAGUA CHF 487’250 RATIVE CHF 756’483 24% CHF 547’961 37% 27% TOGO CHF 118’458 MICROFINANCE INSTITUTIONS 6% CHF 1’498’6^21 73% EL SALVADOR BURUNDI CHF 487’250 CHF 124’054 GUATEMALA 24% 6% CHF 73’088 3% INTERNATIONAL GUARANTEE FUND—2017 ACTIVITY REPORT 4 THE MEMBERS OF THE FIG 42 ORGANIZATIONS IN THE SOUTH ADECOL - Senegal FECECAV - Togo ADIM - Nicaragua FEDECOCAGUA - Guatemala ADISCO - Burundi FIE - Bolivia AMC R.L. - El Salvador FJEC – Congo APMR – Burkina Faso FJN - Nicaragua ASEI - El Salvador FONGS - Senegal AssEF - Benin FUNDAMIC - Ecuador CAFE PERU SAC - Peru IDESI Nacional - Peru CARUNA R.L. – Nicaragua INSOTEC- Equateur CARUCFIN – Nicaragua La FLORIDA – Peru CDS - Burkina Faso MICRONEGOCIOS - El Salvador CFAD – Benin OAP - Burundi CIATRI - Guatemala PADME - Benin CIPDEL - Peru PRESTANIC - Nicaragua CODEPA R.L -Guatemala SAILD – Cameroun COOPSAFRA R.L. -Nicaragua SPEC-OIC - Togo Cliente de DIFO - Burundi COOPEFACSA R.L.- Nicaragua TOCACHE - Peru CREDIFLORIDA - Peru UGC - Mozambique DIFO – Burundi UGEOFI - Burundi DSFD TOGO- Togo VITAL-FINANCE -Benin ECLA - Burkina Faso WAGES - Togo FADEMYPE - El Salvador Equity diversification by type of members 15 ORGANIZATIONS IN THE NORTH Municipality of Bardonnex - Switzerland Municipality of Meyrin - Switzerland Municipality of Renens - Switzerland Municipality of Prilly - Switzerland Municipality of Onex - Switzerland Municipality of Satigny - Switzerland ORGANIZATIONS IN INDIVIDUALS Municipality of Carouge - Switzerland Fondation RAFAD - Switzerland THE NORTH CHF 398’400 Municipality of Collonge-Bellerive -Switzerland Fondation Switzerland - Switzerland CHF 460’800 26% Municipality of

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