Alterfin

Subsidy : July 2023

BIO has granted EUR 21.5 K of technical assistance to Alterfin, a Belgian financial cooperative

Amount

€ 21,500.00

Type of investment

Subsidy

Beneficiary locations

Africa:

Asia:

Latin America and Caribbean:

Middle East:

Investment field

Investment Companies & Funds

Activity

KK.64.302 FI Fund

Organisation

Alterfin

Website

https://www.alterfin.be/en

Domicile

Belgium

More investments in

Alterfin

Debt $ 5,000,000.00 (2023)
Subsidy € 80,000.00 (2022-2024)
Subsidy € 19,924.00 (2021-2022)
Debt € 3,000,000.00 (2020)
Equity € 250,000.00 (2002)

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.

Technical assistance

The aim of the technical assistance is to develop Alterfin’s climate and environmental strategy and actions plan to generate impact through loans and TA provided to their partners and improve their overall environmental performance.

Read impact and news about this project

News

EDFI AgriFI and BIO contract €6M with Alterfin

17-08-2020

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.