News

Alterfin welcomes its 5,000th coop member

Since 2010, December has been a month associated with strong growth in both capital and the number of cooperation members. 2014 is no exception to this rule, with capital growth of EUR 2.2 million in one month. During December we also welcomed 250 new coop members, bringing the total to 5,000 by 31 December 2014!

The team is growing !

Jean-Marc, new General Manager Jean-Marc Debricon has been Alterfin’s General Manager since January. Jean-Marc has solid experience in investment banking and the establishment of philanthropic programmes, and all the skills required for the optimal management of the funds you invest in our cooperative and for ensuring the effectiveness of our actions in the communities we support. Tom, new employee In January, Alterfin also welcomed a new colleague: Tom Reniers. Tom is Alterfin’s Data Manager and will therefore be the person responsible for the information system. His main role is to support

Ecookim, Ivorian cocoa farmers' cooperative, partner of Alterfin since 2011

A sustainable union in Ivory Coast: Ecookim Alterfin financed the Ecookim organisation in Ivory Coast for the first time in 2011. Back then, this union comprised seven cooperatives with over 3,000 producers. Since it was set up in 2004, Ecookim has welcomed new cooperatives active in the cocoa, coffee and cashew nut sectors, reaching a total of 23 member cooperatives in 2014. Over 10,000 producers now benefit from the support of Ecookim. Everyone wins Ecookim’s main task is to market and export cocoa beans; it does this with a view to increasing farmers’ income and improving the position of

Alterfin distributes a 1.5% dividend to its 5,002 co-op members

The General Assembly of 28 March 2015 decided to distribute a dividend of 1.5% . The dividend is in line with the improved return on savings products to Belgian investors. Our 2014 dividend is, however, lower than those distributed in recent years and reflects the worsening economic environment in which we are operating. It is particularly the family agricultural sector that has suffered from the strong volatility and downward trend in the prices of raw materials. The trend has also been influenced by the fall in yields on deposits in euros, which has made our dollar financing more expensive

Happy Holidays from the Alterfin team!

The Alterfin team wishes you happy holidays and a healthy and happy 2015!

The first Alterfin credit facilities

Alterfin began strongly, granting its first credit facilities to partners in the South. Ever since, Alterfin has been fulfilling its mission: to promote access to financial services for people who are socially and economically disadvantaged. First loans Alterfin granted its first loan in 1995, to a Chilean wine cooperative called ‘Los Perales’. This was followed the same year by a partner in Peru and another in Ecuador. The first partners were producers’ cooperatives engaged in fair trade. The financing of microfinance institutions and the expansion to other continents began shortly

Creation of Alterfin: unique collaboration between NGOs and banks

We would like to take you back to the start-up of Alterfin, the beginnings of the cooperative, the search for capital and the key partnerships, thanks to which it was born and has grown. This is how it all began… In the 1980s, Hugo Couderé worked as a development agent in Africa, where he was in charge of a number of rural development projects. Back in Belgium, he gained his doctorate at Antwerp University in this subject. In addition, at the time he sat as an adviser on a project commission at 11.11.11, the network that represents the North-South movement in Flanders. This commission is

Alterfin is 20!

Alterfin was officially established twenty years ago, on 16 November 1994. And since the past should provide guidance for the future, as they say, throughout the coming year we will be devoting as many articles as possible to the history of our cooperative. Alterfin, a Belgian success story How did our cooperative, a pioneer in Belgium in the field of aid for developing countries, start up in the first place, and how did it tackle its mission? How did it finance its first partners before going on to support over a hundred today? How did it manage to attract more than 4,500 shareholders,

Alterfin Selected for the ImpactAssets 50

Impact Investing Showcase Features Fund Managers that Deliver Social, Environmental and Financial Returns Alterfin has been selected for the ImpactAssets 50 2014 (IA 50), a free, online resource for impact investors and their advisors. The IA 50, now in its fourth year, is the first publically available database of private debt and equity impact investment fund managers. The objective of Alterfin is to help build a financial network that is accessible to groups of socially and economically disadvantaged people in developing countries who rarely have access to financial resources. Alterfin

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