News

Alterfin Invests in Musoni Services, an Innovative Microfinance Software Company

Alterfin has announced an equity investment into Musoni Services, the award-winning microfinance software company. The funds will be used to support the company’s continued rapid growth and drive expansion into new markets. Alterfin was joined in the investment round by a number of Musoni’s existing shareholders. Musoni provides its innovative banking system to microfinance institutions in emerging markets, helping them to leverage technology and improve efficiency. By using Musoni, microfinance institutions are better able to extend financial services to un(der)banked individuals in emerging

Youth4Youth: initiating young people to sustainable and socially responsible finance

Alterfin wishes to raise awareness and initiate young people to sustainable and socially responsible finance. In this context, Alterfin launches “Youth4Youth”, a fundraising campaign specifically dedicated to young people in the North and benefiting young people in the South. Enhance indigenous and ecological values The Kalnemachtiloyan School, located in Cuetzalan in the Puebla region of Mexico, is an initiative of the Tosepan cooperative union. Alterfin supports this cooperative union through the financing of the Maseual cooperative. The latter markets spices (see box below) and coffee. The

Alterfin's contribution to the Sustainable Development Goals

With its sustainable financing, Alterfin is working to improve the quality of life of thousands of families and contribute to the many Sustainable Development Goals (SDGs) set by the United Nations. Here are the main actions taken by Alterfin and its partners to meet the objectives. You will find the full overview in the Annual Report (pages 16 to 31). No poverty Alterfin and its 155 partners work together on behalf of more than 1.8 million people and their families. 80% of poverty occurs in rural areas, which suffer greater levels of exclusion from financial, educational and health services

Our performance in 2017

Social performance Through its financing activities, Alterfin aims to improve the quality of life of thousands of families who experience problems accessing finance. In total, Alterfin's partners benefit 1.8 million people and Alterfin financing directly reaches 116,705 families. 64% of the beneficiaries live in rural areas, where financial exclusion is greatest, and 55% are women, who are disproportionately represented among the poorest people. Alterfin's investments contribute to the many Sustainable Development Goals (SDGs) defined by the United Nations. In the Annual Report (pp. 17-31),

Alterfin reçoit la certification B-Corp

B Corp is a certification for for-profit companies that meet societal, environmental, governance and transparency requirements in the public interest. Its goal is to put the private sector on the pathway to sustainability. B Corp helps companies to benchmark and compare their social and environmental impacts against the world's most demanding standard. More about B Corp

Alterfin Guarantee Fund: call for donations!

In 2000, the cooperative Alterfin, in collaboration with its development cooperation partners (including the NGO platform 11.11.11, Oxfam Solidarité and SOS Faim), created the non-profit organisation Alterfin Guarantee Fund. Its role is to support partners in the South that lack sufficient guarantees or require financing in local currency, by providing guarantees or currency hedging solutions, in order to facilitate their access to financing and hence the development of their activity. Unlike the cooperative, this fund is supplied entirely by donations. Currently, the Guarantee Fund has EUR 1

Read our 2017 Annual Report

See how our investment portfolio evolved over the course of 2017, read about how we contributed to the Sustainable Development Goals with concrete examples from the field, and examne the analysis of our financial performance in the 2017 Annual Report. Read the Annual Report

General Assembly: Alterfin hauls positive results in 2017

In 2017, Alterfin’s activity expanded with an increase in capital and funds under management that enables us to finance more partners in more countries and thus reach a record number of 116,705 direct beneficiaries. The areas in which our work developed the most in 2017 were Asia and Africa. To illustrate this expansion, Alterfin invited at its General Assembly its first partner in sustainable fisheries and aquaculture, Blueyou. Sustainable fisheries and aquaculture in the spotlight Blueyou’s ambition is to play a part in moving worldwide production of fish and seafood over to sustainable

Alterfin in Asia: A Mission Spanning Land and Sea

Alterfin can boast activities spanning the length and breadth of Asia and the company is henceforth financing nine new partners in four new countries: Indonesia, the Philippines, Kirghizstan and Tajikistan. We have pleasure in presenting an overview of our new Asian partnerships. In 2017 Alterfin focused on the diversification of its portfolio with the financing of new agricultural produce and microfinance institutions (MFI) in new countries. This represents an opportunity for Alterfin to explore the Asian continent with its reinforced team of new members, and has led to our investments in

Quarterly performance as of 30 September 2017

Portfolio performance Alterfin’s total investments, via the capital brought by the co-op members and third-party funds, amounted to EUR 63 million at the end of September 2017. This represents a quarterly increase of 12.5%, which can be attributed primarily to the new investments made in Asia (see “Alterfin in Asia” article). The growth in investments is also explained by the seasonal nature of certain farm produce (such as cocoa, rice and shea butter), the production and harvesting cycles of which call for financial support between July and September. Portfolio quality The risk portfolio (

Pages

Request finance

LinkedIn