Advance Global Capital, Ltd (AGC), an investment manager based in the United Kingdom, specializes in financing confirmed invoices of small and medium-sized businesses (SMEs) in underserved markets. We invest in assets backed by assigned invoices to connect SMEs in need of working capital with investors who seek commercial rates of return and positive social impact through the Advance Trade Growth Master Fund. Financing backed by confirmed invoices offers attractive risk-adjusted returns with low correlation to equity and bond markets. Working capital for SMEs fuels the engine of economic growth where it can make the biggest difference. Access to financing in challenged communities increases financial inclusion, develops stronger financial ecosystems, and creates positive social impact whilst delivering attractive financial returns.
We use standard metrics to measure our social impact. We intend to measure our progress in meeting the following social goals:
1. Financial inclusion: Increase access to financial services for SMEs in underserved markets. (P14940 and PI5184)
2. Strengthen local financial ecosystems. (P14040 and PI2998)
3. Create more opportunities for women. (O12840, OI1571 and OI6213)
4. SME job creation. (P1561 and P13687)
5. SME revenue growth (FP4761)
Other Impact Measurement Tools
In addition to IRIS metrics, we use the UN Sustainable Development Goals, as follows:
Goal 8: Promote inclusive and sustainable economic growth, employment and decent work for all
Goal 8 Target AGC supports:
8.3: Promote development-oriented policies that support productive activities, decent job creation, entrepreneurship, creativity and innovation, and encourage the formalization and growth of micro-, small- and medium-sized enterprises, including through access to financial services
IRIS metrics we plan to use:
Client organizations: SME (P14940), Jobs maintained at directly supported/financed enterprises: total P15691 and Jobs created at directly supported/financed enterprises: Total P13687.
8.10: Strengthen the capacity of domestic financial institutions to encourage and expand access to banking, insurance and financial services for all IRIS metrics we plan to use:
Client organizations: SME (P14940) for financial institution partners, and SMEs and P12998 and Individuals trained: Total (P12998).
Goal 9: Build resilient infrastructure, promote sustainable industrialization and foster innovation
Goal 9 Targets AGC supports:
9.3: Increase the access of small-scale industrial and other enterprises, in particular in developing countries, to financial services, including affordable credit, and their integration into value chains and markets. IRIS metrics we plan to use:
Client organizations: SME (P14940).
9.a.: Facilitate sustainable and resilient infrastructure development in developing countries through enhanced financial, technological and technical support to African countries, least developed countries, landlocked developing countries and small island developing States.
IRIS metrics we plan to use: Client organizations: SME (P14940).