Following a joint strategic reflection, CERA and BRS decided to discontinue the activities of BRS Microfinance Coop. Through an increased participation in Alterfin, CERA will continue to contribute to sustainable financing for rural entrepreneurs and farmers in the Global South. By simplifying their structure and strengthening the pooling of expertise, the organisations aim to further increase their impact.
Alterfin looks forward to continuing and deepening the collaboration developed with BRS over recent years, through CERA’s participation. This decision confirms the trust placed in our cooperative’s expertise and impact-driven approach. Together, we remain committed to inclusive finance, strong local institutions and sustainable economic development.
In the press release, Frederik Vandepitte, Chair of BRS Microfinance Coop and CEO of CERA, explains the decision as follows:
“We strongly believe in joining forces to increase the positive impact on the lives of rural entrepreneurs and farmers in the Global South. CERA will therefore strengthen its collaboration with the Belgian cooperatives Alterfin and Incofin Microfinance Fund, and will channel its investments in the microfinance sector through an increased participation in these two organisations.”
According to the press release, the dissolution of BRS Microfinance Coop will have no impact on the activities of BRS non-profit organisation. BRS will continue to focus on its core mission and pursue its work in training, advisory services and coaching for microfinance institutions.
More information can be found in the full press release available on the CERA website.
