Alterfin
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
Investment field
Investment Companies & Funds
Activity
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.
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Debt
