|
 |
Our Mission
| To Foster pro-poor, pro-environment small scale infrastructure services with financing and technical assistance for electricity, water, sanitation and other infrastructure (eg. transport and telecommunications) - necessary for poverty alleviation. |
|
 |
|
 |
OUR APPROACH
We term our framework as the “Social Merchant Bank” where technical, financial and business support are linked and integrated for infrastructure enterprise development.
S3IDF’s approach:
- S3IDF produces a stream of fundable small scale for-profit utilities.
- The business must be explicitly pro-poor, cost-effective, environmentally responsible, and can demonstrate a high degree of replicability.
- Implements its mission by partnering with one or more other local entities, such as NGOs, technology suppliers, academic organizations, and financial institutions.
- Provides technology/know-how, financing and business development assistance to small/fledgling entrepreneurs and community NGOs seeking to sell infrastructural services (water, energy, sanitation, transport, information) to India’s urban and rural poor
- The poor benefit in multiple ways, either as infrastructure owner/operators/employees and as consumers of infrastructure services
S3IDF works with small-scale for-profit enterprises requiring start-up or seed capital usually ranging between a few thousands of rupees ($100s) and a few lakhs of rupees ($10,000s). In order to provide support, S3IDF requires that:
- The owner/operator must have some capital at risk.
- Financial viability is ensured through the enterprise’s cash flow which covers all capital and operating costs.
- The business must be explicitly pro-poor, environmentally responsible, and can demonstrate a high degree of replicability.
S3IDF– A “Social Merchant Bank” does not provide grant support to projects it foster but arranges financing support by providing access to finance from banks. S3IDF also provides other types of financing to provide long term loans and short term bridging finance at below market rates, and cash equity and to cover guarantees. The financing support provided is project specific and priority is for availing financing from banks.
» Read more about S3IDF and its approach
|
|
