News

Read our 2018 Annual Report

Our 2018 Annual Report is available. You will find an overview of the portfolio performance, the social performance and the financial results of Alterfin. Read the Annual Report 2018

Testimonial : From Mines to Mangoes thanks to Microcredits

Getting married should be a joyous occasion for a young couple. But for Ma Thi Thi Cho and her husband U Phoe Htaw, the moment was bittersweet. All the newlyweds had to their name was a small, thatched bamboo house and they could see their earnings from seasonal farm work would never be enough to support a young family. It wasn’t long before U Phoe Htaw decided he had to leave his wife in Shwe Bone Thar, a Pa’O village in Shan State, to look for work in the notorious jade mines of Hpakant, hundreds of kilometers to the north. Ma Thi Thi Cho knew that it would be difficult to raise a family

Alterfin is moving !

As of May 1 st 2019 our new addresses are: Registered office: rue de la Charité 22 1210 Brussels Belgium For letters, deliveries and visits, please use following address: avenue des Arts 7-8 1210 Brussels Belgium

Alterfin is looking for two Board members

Alterfin is a financial cooperative that contributes to improve the livelihood of thousands of families in Latin America, Africa and Asia by lending money to microfinance institutions (MFIs), farmer cooperatives and social enterprises engaged in the agriculture value chains. With 28 staff members, 6,000 shareholders and a EUR 90 million portfolio reaching 100,000 families, Alterfin is a very unique organisation in Belgium. Alterfin is looking for two persons to have an active seat in its Board of Directors. The Board is currently composed of 8 persons. English is the working language. In

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),

B Corp certification for Alterfin

B Corp is a certification for 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

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