The coronavirus pandemic is hitting society in ways that would have been hard to imagine just a few months ago. First and foremost it is a health emergency, but COVID-19 has also hit the economy.
Many small businesses are forced to shut down temporarily and are at serious risk of closing permanently. As Impact fund we found ourself on the front lines working with impact enterprises and some of them are already in big distress and others will be soon severely effected.These enterprises are the lifeblood of their communities, providing critical goods and services as well as decent jobs to the most vulnerable people.
During this unemprecedented crisis, we stay close to our companies and understand their needs. We have a mixed equity/debt portfolio and for our debt portfolio we provide bridge loans where possible, defer loan interest and capital payments and restructuring repayment schedules.
We also witness stories of resilience and courage and we are proud of belonging to this community!
We will share those stories to unveil the relentless work of women and men standing and soldiering against the virus. An hearfelt thank to all of them!