Interested in this fund?
Log in or create an account to request more information.
Gain a deeper and comprehensive understanding of how this fund generates positive impact in the themes and SDGs that matter to you, with insights provided by our dedicated team of expert analysts, and receive notifications about new available impact products, exciting investment opportunities, and relevant updates in the world of impact investing.
Fund geography
Alterfin has a solid experience (20 years) in financing organizations in the South in order to develop a financial network that is accessible to poor, marginalized groups of society.
Alterfin invests in two types of organisations:
1) Microfinance Institutions (MFIs). Unlike traditional local banks, microfinance institutions provide credit to the poor. With such microcredit small entrepreneurs and farmers can start up or expand their activities. Thanks to the financing of Alterfin the MFIs are able to grant many small (micro)credits to their members or clients.
2) Producers' associations (mainly fair trade). By granting loans to groups of fair trade farmers, Alterfin enables them to pre-finance their harvest and secures easier access to the market for small producers.
At the end of December 2014, the capital amounted to USD 53,2 million owned by 5,002 shareholders. Private persons are the largest contributors to the capital of Alterfin: they brought together USD 31.6 million (83% of the total share capital). The rest is represented by NGOs, companies or other institutions.
Financial description
Alterfin is a cooperative company and the share capital constitutes the financial basis that allows Alterfin to execute its investments. There are two types of Alterfin shares, depending on who is subscribing to the shares:
• Associations or companies can subscribe to shares of 250 Euros
• Individuals can subscribe to shares of 62,50 Euros
Every associate is entitled to an annual dividend (participation in the profits) if the General Assembly decides to pay out a dividend. The dividend is the annual financial compensation for your participation in Alterfin. Our activities have been profitable since 1998. Since the year 2000 Alterfin has been able to pay out a dividend on the basis of its results.
You will find all the information related to the shares of Alterfin in our prospectus available at https://www.alterfin.be/sites/default/files/files/Alterfin%20Prospectus%....
30 years
of track record
1994
the year funded
n.a.
AUM
Interested in this fund?
Log in or create an account to request more information.
Gain a deeper and comprehensive understanding of how this fund generates positive impact in the themes and SDGs that matter to you, with insights provided by our dedicated team of expert analysts, and receive notifications about new available impact products, exciting investment opportunities, and relevant updates in the world of impact investing.
Impact Category
Key performance indicators
Fund overview
Asset manager: Alterfin
Product track record: Fund has 30 years of track record
Target IRR: n.a.
Committed Capital: n.a.
Target return category: Risk-adjusted market-rate of return
Fund domicile: Belgium
Product status: Open - committed capital
Style/Stage:
Inception year: 1994
Vintage year: n.a.
Target region: Emerging countries
Target close date: n.a.
Product term: Open-ended, intermediate liquidity
Assets under management: n.a.
Investment size: Min: 100,000; Max: 1,500,000; Avg: 360,000
Co-investment policy:
Currency of investments: EUR (Euro)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 154
Fund investments to date exited or repaid: 72
Management fee: n.a.
Carried interest: n.a.
Hurdle rate: n.a.
GIIN Investors' Council Investment: No
Limited Partners / Investors: n.a.
Limited Partner / Investor Type: Other Institutional Investors, Retail Investors
Contact
E-mail: info@alterfin.be jobs@alterfin.be
Website: http://www.alterfin.be/index.php?cid=13
Phone number: 0032 (0)2 538 58 62
If you wish to have your details removed from this database please email gdpr@impactyield.com
Audrey Timmermans
Reporting and Compliance Manager
Hugo Couderé
Senior advisor and head of portfolio for Asia
Impact Performance
n.a.
Impact thesis
Alterfin is a social investor, which means it has a mix of social and financial objectives. Therefore Alterfin’s investments have to comply with a set of financial and social criteria. All financing requests are assessed by a credit committee which takes into account both types of criteria. Regarding the social relevance, the credit committee makes sure that:
• The project provides social and economic benefits to marginalised people. Profits should be used to the benefit of those people.
• These people are involved in the project in an organised way. This involvement should be reflected in the property structure.
• The project uses as much local human and natural resources as possible in order to keep the ecological impact as low as possible.
• The project not only benefits marginalised groups, but is also economically, socially and culturally meaningful to the broader community that goes beyond those groups.
• The project takes into consideration the proper tasks and responsibilities of men and women and aim at a fair distribution in this respect.
• There is no doubt about the bona fide character of the project organisation.
In December 2014, our partners were working with over 1.381.000 clients or producers throughout the world. Of these, 64,917 people (and their families) are being reached through the work of Alterfin. Women represent 61% of the people reached. 70% of the people reached live in rural areas, where the need for financing services is greater.
Impact Management
n.a.