e-mfp: European meeting on microfinance

As it does every year, Alterfin participated in European Microfinance Week in Luxembourg last November. This forum brings together all the European organisations active in microfinance in developing countries. This event is ideal for meeting the leading European participants in the microfinance sector and exchanging information on its development, common and potential partners, etc. This forum is essential for the microfinance sector. For Alterfin, Audrey Timmermans, reporting & compliance manager and Kris Goossenaerts, general manager participated actively in the working groups organised

Share capital on the rise

Private investors confirm their interest in ethical financing alternatives. The Alterfin cooperative is a “living” proof that ethical investments with social and financial returns continue to make progress. In January 2011, the capital of the cooperative reached 15 million euros, and there were 1970 cooperative members. Almost three years later (as of 15/12/2013), the capital of Alterfin has reached 32 million euros, and the cooperative now has 4000 cooperative members, 95% of them private persons. Thanks to this capital, Alterfin can increase financing for its partners -like you - in the

FAST : impact of investments in sustainable agriculture

Saúl Castro, portfolio manager Latin America at Alterfin, was appointed vice-chairman of the Board of Directors of FAST (Finance Alliance for Sustainable Trade) on 27 September. Saúl Castro has been a member of the FAST Board of Directors since 2010. Launched in May 2007, FAST is a non-profit organisation bringing together a diverse group of stakeholders, working collectively to bridge the financing gap in the sustainable Small and Medium Enterprise (SME) finance sector. FAST facilitates efficiency, transparency, and stability in financial markets for sustainable SMEs by providing objective

Alterfin selected for ImpactAssets 50 2013

"IA 50" showcase features experienced impact investment fund managers Oct. 29, 2013 – Alterfin has been selected for the ImpactAssets 50 2013 , a free, online resource for impact investors and their advisors. The IA 50, now in its third year, is the first publically available database of private debt and equity impact investment fund managers. The IA 50 serves as a gateway for those interested in achieving social and/or environmental, as well as financial, returns on their investments. Fund managers included in the IA 50 2013 manage a combined $10.8 billion in assets within the impact

Alterfin's capital reaches EUR 30 million

2013 is an important year in Alterfin's history: on 30 August we hit the EUR 30 million milestone. In the space of eight months the capital increased by EUR 5 million or a 20% increase in other words. And in the space of just over two and a half years the capital has doubled! The number of partners also continues to grow. In 2013 Alterfin already welcomed 381 new shareholders, an 11% increase. Alterfin now has 3,775 partners in all. With the raised capital Alterfin is able to continue financing its partners and invest in new microfinancing institutions and farmer's organisations in the South

Terral: a contribution to food security in Senegal

In Senegal the consumption of rice amounts to approximately 90 kilos a person over a year. More than 70% is imported. Rice is cultivated in Senegal but it is not enough to cover the need for rice. Rice is grown chiefly in family-owned businesses in Senegal. This local cultivation does not easily find its way outside the production zone: 75% is consumed locally and does not make it to the big cities. But the demand for rice is growing both in the cities and everywhere else in the country. To meet this demand, huge amounts of Asian rice are imported. Situation in Senegal The traditional

And the winners are...

Alterfin partners win prizes. Over the last few weeks three partners were awarded prizes for their exceptional work. Juhudi Kilimo received yet another award Juhudi Kilimo, partner of Alterfin for two years already, won the "CIO 100" award. The “CIO100 Awards” honour 100 Kenyan companies which are models for the strategic partnership between new technologies and the business community. For more than a year this MFI has used a 'mobile banking' module to manage credit in the countryside. Second award for our partner Fundación Espoir Just like last year, our partner Fundación Espoir came 2 nd in