BIO has granted EUR 80 K of technical assistance to Alterfin, a Belgian financial cooperative
Type of investment
Alterfin is a Belgian financial cooperative created in 1994 to invest in smallholder farming in developing countries via microfinance institutions, small and medium-sized enterprises (SMEs) and producers' organisations.
The technical assistance will target Alterfin’s investees, namely microfinance institutions and organisations active in smallholder sustainable agriculture in Africa, Latin America and Asia. The TA will help develop such organisations, and their institutional strengthening but also to broaden and deepen their outreach in line with Alterfin’s mission and values.
Portfolio 2021 Q4
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EDFI AgriFI and BIO each commit to finance the equivalent of EUR 3 million in USD to reinforce Alterfin’s sustainable agriculture and microfinance portfolios. The combined investment will provide Alterfin with long-term financing to support its expansion in Africa, Latin-America and Asia. The financing from BIO will likely also be accompanied by technical assistance, a first for Alterfin.
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