At the we believe that the most innovative and sustainable form of philanthropy is impact investment.

Social impact investments seek to obtain a social return or profit in addition to a financial return.

We make investments in enterprises whose business models are designed to solve specific social or environmental challenges and aim to improve the quality of life of their customers and for the communities they engage with. Typically Netri focuses on social ventures which benefit people who live on less than US$ 4 / day.

Priority sectors are rural development, education, health, and sustainable energy. Although Netri looks at opportunities across developing countries, it has a clear geographical bias towards Africa and Latin America.

focuses on companies who are scaling up for growth and who have on average three years of operating history. Our typical commitment per investee is around US$ 300,000 to US$ 500,000 where we use a range of financing structures, predominantly debt and convertibles. For debt, we typically provide loans for 3 to 5 years and for equity, we are committed to the philosophy of patient capital with the view to exit in approximately 10 years.

We always engage and co-invest with a number of experienced impact investors who share our vision and approach to investment and impact analysis.

Social Impact

Understanding the social impact derived from our investments and its measurement is very important to us. We work with investees who share these views and who measure their impact on an ongoing basis and provide impact reporting as an integral part of their business reporting.

As we invest across a range of diverse sectors, we try to avoid an overly standardised approach to impact measurement.

We work with each investee in choosing a few key metrics most relevant to them in capturing their social impact, and monitor these over the life of the investment to assess whether they are reaching their desired social impact.

How we calculate our impact

Assessing the impact derived from an investment is an important part of our due diligence process. We calculate the impact directly attributable to an investment by taking the percentage our investment would represent of the total capital (share capital, debt, and grants) of the enterprise and multiply this by the total impact expected over the investment period.

By way of example, our loan to M-KOPA will represent on average around 2.3% of the total capital they would have received by 2017 when our loan matures. The number of households expected to gain access to clean electricity over this four-year period is over one million. Our 2.3% contribution therefore will impact over 23,000 households (an estimated 100,000 people or more).

We recognise that this only gives a fairly limited quantitative assessment of the impact so we actively support surveys and studies that can give us greater insight into the depth and quality of the impact that our social investments provide.

Once invested, we monitor the actual performance generated and report our actual impact under our results.