Jasper Snoek CFO, DOEN Foundation (Netherlands) Jasper Snoek's presentation from the 2009 Take Action! Impact Investing Conference in San Francisco.

1. DOEN Foundation
Jasper Snoek, CFO

2. DOEN Foundation
The fund of three Dutch charity lotteries
• the Dutch Postcode Lottery
• the BankGiro Lottery
• the Sponsor Bingo Lottery
Focus on Sustainable Development, Culture, Welfare and
Social Cohesion
Use of all financial instruments: grants where necessary, loans,
guarantees or equity where possible
Annual budget of > USD 50 million

3. Impact investing DOEN Foundation
1. Investing in entrepreneurial initiatives that lead to a
sustainable world in which everyone can play a part
2. All DOEN investing is impact investing with a high
risk profile and uncertain financial returns
3. All returns reinvested or granted

4. Microfinance
Diversified portfolio of (potential) leaders in all
segments of the sector
• Triodos-Doen, 70 million fund
• Symbiotics, broker
• MyC4, P2P
• Fern, MIS provider
• ProCredit Holding, group of 22 MFIs
Over USD 140 million to microfinance

5. ProCredit Group
Impact Investment
Long-term investment to improve access to financial services.
Since 1998 USD 56 million invested and USD 14 million in
grants.
Returns realised
• Social impact: 4.5 billion USD outstanding to 1 million clients
and 4 billion savings from 4 million clients
• Financial return: annual dividends and considerable value
created

6. ProCredit Group

7. Challenges in impact investing
Getting best at scouting initiatives that:
• are entrepreneurial
• are pioneering and have impact potential
• meet your impact objectives
Approach and challenges
• Selection of right entrepreneurs
• Increasing exposure over time, shifting from grants to equity
• Focus on potential for social impact and then financial returns
• Be patient

8. Tendris – VISA GreenCard
The first credit card which automatically compensates for
CO-2 emissions

9. Solar powered mobile phone