Alterfin
BIO has granted a contribution of EUR 350,000 to the Alterfin's technical assistance facility (TAF).
Amount
€ 350,000.00
Type of investment
Subsidy
Beneficiary locations
Investment field
Financial Institutions
Activity
Alterfin is a Belgian social financier created in 1994, which aims to improve the livelihood and overall living conditions of the socially and economically disadvantaged people and communities, mainly in rural areas, in low- and middle-income countries worldwide.
To achieve this, Alterfin provides financial and non-financial services to its partners by:
- mobilising funds primarily from individual investors and other socially responsible institutions,
- structuring and promoting ethical and sustainable investments, and
- developing networks of like-minded organizations (Members of the Council on Smallholder Agricultural Finance “CSAF”, SSNUP, DFIs).
Alterfin supports the activities of its partners (smallholder farmers-based corporation or microfinance institutions) in developing countries by granting them credit facilities and technical assistance.
The Technical Assistance Facility targets Alterfin’s investees—specifically microfinance institutions and organisations engaged in smallholder sustainable agriculture across Africa, Latin America, and Asia. Its objectives are to support the development and institutional strengthening of these organisations, while also broadening and deepening their outreach in alignment with Alterfin’s mission and values. In particular, Alterfin:
• provides tailored Technical Assistance to ensure microfinance institutions’ financial, environmental, and social viability.
• supports sustainable agriculture organisations in developing, testing, and scaling up tailor-made solutions that promote responsible, sustainable business practices and smart farming among smallholder households. It also works to strengthen and improve existing agricultural value chains, leading to increased safety nets for smallholders, better market access, enhanced sustainability, and improved financial and social returns for farming households.
Read impact and news about this project
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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