News

2014 dividend

Early in June this year, we sent a letter to all cooperative investors in Alterfin (with the exception of new investors for 2015). This letter included an extract from the calculation of the 2014 dividend, together with a reply form. If you have yet to return this form, we would ask you to do so. Further to this letter, new investments committed between 1 st June and 1 st August represent a capital growth of 1,150,625 euros. Thank you all for your support.

20 years of service to Africa

The African portfolio of Alterfin has a specific character: more small loans are conferred and more final clients affected than in other regions. Since its establishment in 1994, Alterfin has supported microfinance institutions (MFIs) on the African continent. In the early years, Alterfin mainly provided technical assistance, for example for the CSFS (Collective Self Financing Scheme), in Zimbabwe. The key concern was the provision of technical support in the interests of financial viability. At that time, MFIs represented an attempt to eliminate dependence upon subsidies or grants. This

14th Fair Trade Week

At Alterfin, fair trade products are supported in the field and “consumed” in the office. Fair trade will once again be highlighted in Belgium during “Fair Trade Week”, which runs from 7 th to 17 th October. In many locations throughout the country, initiatives are in progress to raise awareness of fair trade among the maximum possible number of persons. Each of us can make the difference to large numbers of peasant farmers in the South, for example by choosing ethically-produced coffee, chocolate, fruit juice, bananas or even clothing. It should be borne in mind that every consumer choice

Subscribe to shares by 18th October to receive Oxfam gift vouchers

Subscribe to Alterfin shares during “fair trade” week, and you will receive a gift voucher to the value of 5 euros per block of 1,250 euros invested (20 shares), which can be redeemed in any Oxfam shop in Belgium. N.B.: payment must reach our account IBAN: BE85 5230 4527 2706 (BIC: TRIO BE BB) before the 18 th of October 2015 . Shares must be subscribed in the name of an individual cooperative investor. Potential investors must consult the prospectus before reaching any investment decision . The prospectus (approved on 04/11/2014) is available on www.alterfin.be or from the registered office

Shea : new fair trade product financed by Alterfin

As announced in the last Alterfin Info, Alterfin has recently become involved in the financing of shea, a typically African product. StarShea is a fine example of an African partner active in the fair trade sector. In June 2015, shea butter joined the menu of fair trade products financed by Alterfin. This product comes to us from northern Ghana, where the shea tree is also described as “the tree of life”. In this case, life takes the form of nuts – shea nuts which are picked by the local women, then washed, crushed and roasted to produce shea butter. This feminine expertise is handed down

Take a look at our 2014 Annual Report!

Here's our 2014 Annual Report! Alterfin's 2014 Annual Report

Testimonial of José Luis, client of FDL

José Luis is a customer of the Nicaraguan microfinance institution FDL. He grows maize and beans. ‘As farmers, we are dependent on external factors such as the climate and the market. This year we experienced a particularly short rainy season which put us in a difficult situation. Fortunately, FDL understands these issues and adapts to the situation. With the loan of 400 dollars that I received, I can buy fertiliser and take care of my family. There are people who live in extreme poverty, but fortunately, thanks to loans from FDL, we can live in dignity and continue our farming activities.’

Alterfin at the SCAA

The SCAA (Specialty Coffee Association of America) is THE event in the coffee sector. All players in the sector (producers, importers, funding agencies, etc.) meet there every year, and Alterfin makes a point of being there too. This year the conference was held in Seattle (USA) from 9 to 12 April.

Welcome aboard, Joan!

In July, Alterfin welcomes a new credit manager for Africa, Joan Penche. Joan studied finance and obtained a Master’s degree in risk management and agricultural development. He has worked in the agricultural microfinance sector for five years and has worked in Madagascar and Tanzania. Welcome aboard, Joan!

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