Criteria and procedure for MFIs
Criteria and procedure for MFIs

Criteria and procedure for MFIs

Loan conditions

  • Principal amount: between USD 150,000 and USD 1,500,000
  • Loan currency: USD, EUR or local currency
  • Tenor: 2 to 5 years
  • Interest rate: near market rate

For investment or guarantee conditions please send your request to one of the following adresses depending on your region:

africa [at] alterfin [dot] be
asia [at] alterfin [dot] be
latam [at] alterfin [dot] be

Eligibility criteria

Alterfin uses the following criteria to assess the eligibility of a finance application:

  • Number of years of operation > 2
  • Gross Loan Portfolio > USD 1,000,000
  • Broad outreach: minimum 1000 clients or members
  • Deep outreach: oriented towards poorer sections of society: rural, agricultural, women, …
  • PAR 30 days + restructured + write-off < 10%
  • Operational Self Sufficiency > 80% and positive trend
  • Leverage < = 5

Loan Application Procedure

  1. The applicant sends the application form by e-mail. On the basis of this information Alterfin will decide if the finance application is eligible or not.
  2. If the finance application is eligible, an Alterfin credit manager will do a due diligence visit on site. Her/his report will be presented to the credit/investment committee, which will decide on the finance application.
  3. Once the loan/investment is approved. Agreements will be drafted. After signature disbursement is done. Then the monitoring period starts and the applicant will be asked to report on regular basis.

Apply for finance?

Download the application form below and send it back to one of the following adresses depending on your region:

africa [at] alterfin [dot] be
asia [at] alterfin [dot] be
latam [at] alterfin [dot] be