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December 20 2021 - News
After a fruitful year, IQI has decided to continue its strategic partnership with the Dutch microfinancing platform Wakibi throughout 2022. The partnership, that started in January 2021 with an investment of €4,000, is growing steadily and providing more and more micro credit loans to global entrepreneurs. IQI chose to support sustainable projects in the agriculture sector, as this is an important aspect for us in realizing the UN’s Sustainable Development Goals (SDGs).
Since our last update, in May 2021, the social impact of our fund has increased further from €5,050 to €8,225. This has enabled us to expand from supporting 15 to 23 agricultural projects in 9 different countries across South and Central America, Africa, and Central and South East Asia. Money from microloans that have been paid off are directly used to issue new microloans – thereby increasing our social impact more and more.
As we would like to give our partners and customers insight into the projects we have supported so far, we would like to introduce a few of them:
Of the projects supported, 79% is run by individuals and 21% by groups of people. Of them, approximately two thirds are female and one third male entrepreneurs. By investing in their sustainable agricultural projects, our social impact fund has helped to improve the lives of 115 people.
For IQI, as a socially responsible company, this is a wonderful opportunity to empower people in less developed countries to improve their lives and at the same time make real impact in a sustainable way. In the spring and fall of 2022 we will report again on the progress of our activities.