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Alterfin

Equity : December 2002

Alterfin is a Belgian social investor that, since 1994, raises capital to invest it in developing countries via microfinance institutions and producers organisations.

Amount

€ 250,000.00

Type of investment

Equity

Development impacts

  • Local economic growth
  • Financial inclusion

Beneficiary locations

Africa: Côte d'Ivoire, Kenya
Asia: Cambodia
Latin America and Caribbean:

Investment field

Investment Companies & Funds

Activity

MFI fund

Organisation

Alterfin

Domicile

Belgium

More investments in

Alterfin

  • Subsidy € 350,000.00 (2025)
  • Debt $ 5,000,000.00 (2023)
  • Subsidy € 21,500.00 (2023)
  • Subsidy € 80,000.00 (2022-2024)
  • Subsidy € 19,924.00 (2021-2022)
  • Debt € 3,000,000.00 (2020)

Alterfin’s goal is to improve the livelihoods and living conditions of socially and economically disadvantaged people and communities, predominantly in rural areas in low- and middle-income countries around the world.

In order to achieve this goal, Alterfin provides financial and non-financial services to its partners by:

  1. raising funds, mainly from individual investors and socially responsible institutions;
  2. structuring and promoting ethical and sustainable investments;
  3. networking with like-minded organisations.

Portfolio 2021 Q4

Development impacts

  • Local economic growth

    Access to long-term financing for MFI's

  • Financial inclusion

    Access to credit for micro-entrepreneurs through investment in microfinance

View more of our investments in this region

Infrastructure

Frogfoot and Vox

15,000,000.00

  South Africa

  01/08/2026

  Equity

Infrastructure

Sawa Energy

 2,000,000.00

  Uganda, Zambia

  28/07/2026

  Debt

Infrastructure

Odyssey Energy Solutions

 7,000,000.00

  India

  09/07/2026

  Debt

Financial Institutions

Alliance Finance Company PLC

15,000,000.00

  Sri Lanka

  07/07/2026

  Debt

Investment Companies & Funds

Acumen Resilient Agriculture Fund II (ARAF II)

5,000,000.00

  Côte d'Ivoire, Egypt, Ethiopia, Ghana, Kenya, Morocco, Nigeria, Senegal, Tanzania, Uganda

  06/07/2026

  Equity

Enterprises

Alsec

6,000,000.00

  Colombia

  01/05/2026

  Debt

Société de Microcrédits Congolais

5,000,000.00

  Democratic Republic of Congo

  01/04/2026

Financial Institutions

Prime Bank

20,000,000.00

  Bangladesh

  12/03/2026

  Debt

Financial Institutions

Kashf Foundation

15,000,000.00

  Pakistan

  24/02/2026

  Debt