Why finance a social economy enterprise?
RISQ’s years of investments have proven that social economy enterprises generate positive impacts for communities, both social and economic. The cause and effect relationship between our financing and the social and economic impacts generated by collective enterprises confirms RISQ’s essential role.
Social impacts
linked to RISQ investments
COLLECTIVE SUCCESSES HAVE SHOWN US, RISQ’S investments . . .
- Stimulate economic growth based on human values of democracy and solidarity
- Contribute to the social integration of individuals who have traditionally been excluded
- Create long-lasting employment
- Encourage the emergence of projects from fragile/insecure areas
- Enable a response to needs that are either unmet or poorly met by the market or government.
- Reinforce collective and entrepreneurial viability through
-an adapted financial analysis method
– selection of enterprises that respond to socioeconomic needs
-reinforcement and follow-up of business plans and governance
-partnership, trust, and risk mutualization
-mobilization of finance actors and advisors
Economic impacts
linked to RISQ investments
THE NUMBERS SHOW US that RISQ investments . . .
- Make a positive contribution to Québec’s overall economy
- Generate revenues for provincial public administrations (taxes, duties, and incidental taxes)
- Are a financial lever for collective projects throughout Québec
- Allow most of our financed enterprises to successfully carry out their projects and repay capital and interest to RISQ
- Generate a counterpower to the market for :
– producers
– workers
– intermediate and ultimate consumers
The difference
Arising from collective initiatives, social economy enterprises’ main goal and activity is to produce and sell goods or services that are both financially viable and socially profitable. Doing business as a cooperative or not-for-profit society means . . .
- Responding to social and economic needs, both individual and collective
- Creating and maintaining sustainable jobs
- Basing your operation on the values of solidarity, responsibility, democratic practice, equality, and personal development.
Highlights of an impact study of RISQ’s investments.
Summary of the study
The full study conducted by research teams
from ESG UQAM and E&B Data
THE NUMBERS SPEAK FOR THEMSELVES
From 1997 to 2023, RISQ, an initiator of impacts and successes…
1
MILLION $ invested
1
RISQ loans
1
jobs created or maintained
1
collective enterprises supported
Supported projects by legal status
1
Cooperatives
1
Not-for-profit organizations
Supported projects by enterprises’
level of development
*As at December 31, 2023
Total projects : 1 340
Investments by financial products
Technical Assistance – 537
Pre-startup – 111
Capitalization – Loans – 712
Capitalization – Guarantees – 34
Since 2007
Chantier Trust Loans – 389
Number of joint Capitalization/Trust loans – 180
Number of loans and amounts
invested by sector of activity
*As at December 31, 2023
| Activity sectors | Number | Amount |
|---|---|---|
| Health and social services | 155 | 4 448 841 $ |
| Wholesale and retail | 155 | 4 925 261$ |
| Manufacturing | 117 | 3 734 715 $ |
| Collective real estate | 72 | 2 466 595 $ |
| Arts and entertainment | 108 | 2 952 433 $ |
| Communications and information technologies | 119 | 3 620 989 |
| Development organizations | 50 | 605 658 $ |
| Professional services | 83 | 2 137 875$ |
| Educational services | 45 | 1 150 920 $ |
| Waste management, recycling | 48 | 1 559 180 $ |
| Administrative and support services | 45 | 1 561 561 $ |
| Accommodation services | 53 | 2 031 674 $ |
| Agriculture and forestry | 42 | 1 279 929 $ |
| Restaurants, live entertainment bars, and micro-breweries | 72 | 2 383 918 $ |
| Individual services | 49 | 1 566 277 $ |
| Associations and citizen groups | 69 | 1 049 371 $ |
| Loisirs and entertainment | 78 | 2 717 575 |
| Transport and storage | 26 | 1 002 505 $ |
Number of loans and amounts invested by region
*As at December 31, 2023
| Region | Number | Amount |
|---|---|---|
| 01 BAS-SAINT-LAURENT | 67 | 1 729 344 $ |
| 02 SAGUENAY–LAC-SAINT-JEAN | 75 | 2 435 759 |
| 03 CAPITALE-NATIONALE | 152 | 3 643 293 $ |
| 04 MAURICIE | 65 | 1 861 263 $ |
| 05 ESTRIE | 63 | 1 542 437 $ |
| 06 MONTRÉAL | 512 | 16 893 709 $ |
| 07 OUTAOUAIS | 89 | 1 957 704 $ |
| 08 ABITIBI-TÉMISCAMINGUE | 14 | 620 797 $$ |
| 09 CÔTE-NORD | 20 | 574 474 $ |
| 10 NORD-DU-QUÉBEC | 3 | 145 000 $ |
| 11 GASPÉSIE–ÎLES-DE-LA-MADELEINE | 22 | 794 252 $ |
| 12 CHAUDIÈRE-APPALACHES | 46 | 1 153 223 $ |
| 13 LAVAL | 43 | 1 339 682$ |
| 14 LANAUDIÈRE | 21 | 675 295 $ |
| 15 LAURENTIDES | 57 | 1 846 186 $ |
| 16 MONTÉRÉGIE | 115 | 2 927 266 $ |
| 17 CENTRE-DU-QUÉBEC | 25 | 772 928 $ |
SINCE 1997…
TECHNICAL ASSISTANCE SUPPORT*
*As at December 31, 2023
537
Number of projects
2 408 176 $
RISQ contribution
7 802 082 $
Investments generated
69 %
Lever effects*
Stages of development
- Pre-startup
- Startup
- Expansion
- Consolidation
SINCE 1997…
Pre-startup projects*
*As at December 31, 2023
Includ FICÉS
111
Number of projects
6 307 550 $
RISQ contribution
16 421 068$
Investments generated
64 %
Lever effect *
Stages of development
- Pre-startup
- Expansion
SINCE 1997…
Capitalization and Transition projects*
*As at December 31, 2023
746
Number of projects
32 563 901 $
RISQ contribution
432 115 740 $
Investments generated
93 %
Lever effect*
Stages of development
- Pre-startup
- Startup
- Expansion
- Consolidation
*The lever effect measures the impact of RISQ financing on the total capital contributions to financed enterprises.
For more information, consult our annual reports.