News

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

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, 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 Asia taking off,

Fairtrade wine: the good taste of development

Since 2011, Alterfin is financing the fairtrade wine of the Argentine cooperative La Riojana. We take a look at our headiest partner. Small wine-growers in Argentina face very low market prices that do not allow them to generate enough income to meet the basic needs of their families. They have limited investment opportunities to modernise their production systems, and this reduces their productivity and hinders their competitiveness with large companies. To try to remedy this, growers can sell their produce on the fairtrade market. Small family farms therefore get together to form

$682 Million to Support Small Businesses and Farmer

Members of the Council on Smallholder Agricultural Finance (CSAF) today announced in their newly published State of the Sector report that they provided $682 million in loans to 765 small and medium-sized enterprises (SMEs) during 2016. This financing helped to generate an estimated $7.6 billion in combined annual revenue among these businesses, which employ 75,000 individuals and connect more than 2.3 million smallholder farmers—nearly one-third of whom are women—to domestic and international markets. CSAF is an alliance of 11 leading impact-focused lenders that serve the financing needs of

Sustainable development in the feminine

A microfinance institution that lends only to women? Yes, it exists and Alterfin is financing one them. Its name is Pro Mujer. From its beginnings in Bolivia, Pro Mujer has expanded to Mexico, Nicaragua, Peru and Argentina. It is in Argentina that Alterfin has financed the institution since late 2016, which enables the MFI to reach more women who are keen to take control of their lives. Founded in Bolivia in 1990, its mission is to promote the development of women in Latin America. To this end, it offers a range of financial services, including microloans (for an average amount of EUR 600),

Alterfin and players in the coffee sector

Alterfin attended the annual gathering of the Specialty Coffee Association of America (SCAA), held this year in Washington. This key event brings together all the main players in the coffee sector. It is a great opportunity for Alterfin to meet our active partners in coffee and potential new partners.

Congratulations to Vinos Lautaro!

Our Chilean partner Vinos Lautaro, a winemaker, won the best exporter award for 2017. The award was presented by the Chilean President in person. Well done!

Adoption of Social and Environmental Principles

NAIROBI, Kenya, February 6, 2017 — Members of the Council on Smallholder Agricultural Finance (CSAF) announced at their regional meeting that they have formally adopted a set of jointly developed environmental, social, and governance (ESG) principles . These principles apply across the nine members’ loan portfolios, which in 2015 encompassed $597 million to 672 businesses purchasing crops and providing services to two million smallholder farmers in Africa, Asia, and Latin America. The ratification of these guiding principles is part of CSAF’s broader mission to promote responsible lending

Microloans for the rural poor in West Africa

PAMF ('Première Agence de Microfinance') is based in Burkina Faso and Ivory Coast. Funded by Alterfin’s investments, the institution is growing year by year. Today it is reaching more people who are excluded from access to financial services, mainly in rural areas. The microfinance institution (MFI) PAMF opened in Burkina Faso in 2006. Ivory Coast followed two years later. Since 2014, Alterfin has funded the MFI, enabling it to grow. Today, PAMF has some ten branches and more than 30,000 customers across the two countries. An MFI with a rural presence PAMF’s customers are mainly located in

Survey: Alterfin members delighted with their investment

Near 500 members participated in the satisfaction survey we ran in September. Here is a compilation of the main findings. In the last edition of Alterfin Info , we invited our co-op members to participate in our satisfaction survey. Near 500 members responded to this invitation. The information gathered will guide us in our future decisions and also gives us a better understanding of our members. ‘Ethical’ investors The vast majority of our members (84%) say that they are mainly attracted by the ‘ethical and sustainable’ aspect of Alterfin shares. The social and financial returns are in
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