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 2018, RISQ, an initiator of impacts and successes…
0
MILLION $ invested
0
RISQ loans
0
jobs created or maintained
- Created
- Maintained
- Work integration
0
collective enterprises supported
Supported projects by legal status
0
Cooperatives
0
Not-for-profit organizations
- Solidarity co-op
- Work co-op
- Other co-ops
- Not-for-profit organizations
Number of loans and amounts
invested by sector of activity
*As at December 31, 2018
| Activity sectors | Number | Amount |
|---|---|---|
| Health and social services | 136 | 3 539 363 $ |
| Wholesale and retail | 121 | 3 501 360 $ |
| Manufacturing | 103 | 2 823 265 $ |
| Collective real estate | 56 | 1 495 503 $ |
| Arts and entertainment | 84 | 2 135 462 $ |
| Communications and information technologies | 93 | 2 298 804 $ |
| Development organizations | 45 | 587 692 $ |
| Professional services | 62 | 1 404 302 $ |
| Educational services | 40 | 964 363 $ |
| Waste management, recycling | 47 | 1 532 089 $ |
| Administrative and support services | 42 | 1 488 961 $ |
| Accommodation services | 45 | 1 513 117 $ |
| Agriculture and forestry | 34 | 833 489 $ |
| Restaurants, live entertainment bars, and micro-breweries | 61 | 1 791 643 $ |
| Individual services | 45 | 1 353 927$ |
| Associations and citizen groups | 56 | 987 649 $ |
| Loisirs and other | 78 | 1 951 505 $ |
Number of loans and amounts invested by region
*As at December 31, 2018
| Region | Number | Amount |
|---|---|---|
| 01 BAS-SAINT-LAURENT | 49 | 1 241 254 $ |
| 02 SAGUENAY–LAC-SAINT-JEAN | 62 | 1 643 459 $ |
| 03 CAPITALE-NATIONALE | 117 | 2 547 149 $ |
| 04 MAURICIE | 54 | 1 455 029 $ |
| 05 ESTRIE | 51 | 1 143 345 $ |
| 06 MONTRÉAL | 425 | 12 044 302 $ |
| 07 OUTAOUAIS | 80 | 1 753 688 $ |
| 08 ABITIBI-TÉMISCAMINGUE | 11 | 375 797 $ |
| 09 CÔTE-NORD | 16 | 495 374 $ |
| 10 NORD-DU-QUÉBEC | 1 | 20 000 $ |
| 11 GASPÉSIE–ÎLES-DE-LA-MADELEINE | 15 | 461 732 $ |
| 12 CHAUDIÈRE-APPALACHES | 39 | 834 223 $ |
| 13 LAVAL | 33 | 925 739 $ |
| 14 LANAUDIÈRE | 19 | 570 296 $ |
| 15 LAURENTIDES | 48 | 1 477 487 $ |
| 16 MONTÉRÉGIE | 106 | 2 733 892 $ |
| 17 CENTRE-DU-QUÉBEC | 22 | 529 728 $ |
SINCE 1997…
TECHNICAL ASSISTANCE SUPPORT*
*As at December 31, 2018
468
Number of projects
2 065 923 $
RISQ contribution
6 863 651 $
Investments generated
70 %
Lever effects*
Stages of development
- Pre-startup
- Startup
- Expansion
- Consolidation
SINCE 1997…
Pre-startup projects*
*As at December 31, 2018
81
Number of projects
4 658 800 $
RISQ contribution
11 820 984 $
Investments generated
61 %
Lever effect *
Stages of development
- Pre-startup
- Expansion
SINCE 1997…
Capitalization projects*
*As at December 31, 2018
567
Number of projects
21 839 273 $
RISQ contribution
293 407 314 $
Investments generated
92 %
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.