The Pioneer Facility (PF) is a developing economy impact fund focused on providing short to medium-term debt capital to private growth-stage enterprises.
The mission of the Pioneer Facility (2017 – Ongoing) is to provide affordable working capital for enterprises producing and distributing sustainable energy, clean water, and sanitation solutions to low-income populations in developing countries in Southeast Asia. The Facility’s unique proposition is its emphasis on enabling these enterprises to scale and facilitating access to medium-size uncollateralised loans that help the enterprise to build a credit history. It provides simple impact metrics to demonstrate contributions towards Sustainable Development Goals (SDGs) and adequate risk mitigation for senior investors until the fund reach profitability.
Portfolio organisations include enterprises operating in last-mile electrification, biogas-to-energy generation, piped water infrastructure, water stations, rural solar power, solar water pumps etc. in Cambodia, Indonesia, Vietnam, Myanmar, and the Philippines.
Results: At the end of 2022, the key performance indicators self-reported by portfolio companies are:
- Total people served: 151,654
Decent Work and Economic Growth
- Capital unlocked: USD 3.52 million
Clean Water and Sanitation
- Number of new access to clean water (hh): 14,872
- Quantity of clean water produced (cubic metre): 7.4 million
Affordable and Clean Energy
- Number of new access to clean energy (hh): 14,713
- Quantity of clean energy produced (kWh): 21.5 million
Climate Action
- ER CO2e avoided (tCO2e): 69,206