TriLinc Made Another Impactful Investment Of Total ‘$11.78 Million’
Dailycsr.com – 14 September 2015 – An announcement made by the company of “TriLinc Global Impact Fund” revealed that it has granted an amount of “$11.78 million”, in respect to the trade finance “transactions”, to various Ecuadorian, South African and Zambian companies.
In fact, TriLinc’s fund has been making impactful investment whereby encouraging growth. The company also allows loan schemes for various growth stages along with “trade finance” allowance to “established” enterprises that fits in the small to medium in size scale, especially those situated in “developing” economic zones; thus making “access to affordable capital” radically limited. If one wants to define “Impact Investing”, then the characteristics needed to qualify are having a “specific objective” which will lead to a “competitive” finance in return. Consequently, the entire investment will lead to a “positive” and “measurable” communal and global impact.
The loans passed are complied with the terms and conditions of the “trade finance transactions”, thus meeting the requirements of TriLinc’s “underwriting, economic development and societal advancement”. BusinessWire describes the details of the loans and the name of the companies they were awarded to:
“On August 5 and August 28, 2015, TriLinc funded two separate transactions totaling $1,250,000 as part of a $1,500,000 revolving senior secured trade finance facility at a fixed interest rate of 12.50% to a South African farm supplies wholesaler. With maturity dates of December 3, 2015 and October 17, 2015, respectively, these transactions are secured by specific inventory being imported into South Africa”.
The above mentioned companies anticipate for TriLinc finance to enhance the growth of “agricultural productivity and food security” of the country. Moreover, in the month of the August 6 to August 27, 2015, it also granted “nine transactions” the total value of which amounts to “$2,289,262”; the said transaction is a “part” of “senior secured trade finance facility” of “$4,500,000” which will be given out at an interest rate of “13.00%” and the same is to remain constant throughout. The scheme has been introduced especially keeping the electronics companies of South Africa. The maturing date for all transaction in this category is due on the 28th of November 2015 and 24th of December 2015.
In another proposal, besides many others, TriLinc accounted for three other transactions in between the 14th August 2015 to 20th August 2015. The transaction value equalled to “$244,707” under an existing facility of “$2,500,000” which has a “fixed interest rate of 15.00%” for the textile distributing sectors of South Africa. The maturing date is on the 3rd of November 2015 and 18th November 2015.
The C.E.O of TriLinc, Gloria Nelund states:
“TriLinc’s recent investments in Sub-Saharan Africa and Latin America demonstrate TriLinc’s support of locally-owned companies seeking to strengthen their competitive position in the global marketplace. From improving access to affordable cellular phones in South Africa to supporting the fishing industry in Ecuador, TriLinc’s financing is providing its borrowers with tailored financing solutions that complement their respective business cycles, enable the timely delivery of products to market, and further the economic and social development of their local communities.”
References:
http://www.businesswire.com
In fact, TriLinc’s fund has been making impactful investment whereby encouraging growth. The company also allows loan schemes for various growth stages along with “trade finance” allowance to “established” enterprises that fits in the small to medium in size scale, especially those situated in “developing” economic zones; thus making “access to affordable capital” radically limited. If one wants to define “Impact Investing”, then the characteristics needed to qualify are having a “specific objective” which will lead to a “competitive” finance in return. Consequently, the entire investment will lead to a “positive” and “measurable” communal and global impact.
The loans passed are complied with the terms and conditions of the “trade finance transactions”, thus meeting the requirements of TriLinc’s “underwriting, economic development and societal advancement”. BusinessWire describes the details of the loans and the name of the companies they were awarded to:
“On August 5 and August 28, 2015, TriLinc funded two separate transactions totaling $1,250,000 as part of a $1,500,000 revolving senior secured trade finance facility at a fixed interest rate of 12.50% to a South African farm supplies wholesaler. With maturity dates of December 3, 2015 and October 17, 2015, respectively, these transactions are secured by specific inventory being imported into South Africa”.
The above mentioned companies anticipate for TriLinc finance to enhance the growth of “agricultural productivity and food security” of the country. Moreover, in the month of the August 6 to August 27, 2015, it also granted “nine transactions” the total value of which amounts to “$2,289,262”; the said transaction is a “part” of “senior secured trade finance facility” of “$4,500,000” which will be given out at an interest rate of “13.00%” and the same is to remain constant throughout. The scheme has been introduced especially keeping the electronics companies of South Africa. The maturing date for all transaction in this category is due on the 28th of November 2015 and 24th of December 2015.
In another proposal, besides many others, TriLinc accounted for three other transactions in between the 14th August 2015 to 20th August 2015. The transaction value equalled to “$244,707” under an existing facility of “$2,500,000” which has a “fixed interest rate of 15.00%” for the textile distributing sectors of South Africa. The maturing date is on the 3rd of November 2015 and 18th November 2015.
The C.E.O of TriLinc, Gloria Nelund states:
“TriLinc’s recent investments in Sub-Saharan Africa and Latin America demonstrate TriLinc’s support of locally-owned companies seeking to strengthen their competitive position in the global marketplace. From improving access to affordable cellular phones in South Africa to supporting the fishing industry in Ecuador, TriLinc’s financing is providing its borrowers with tailored financing solutions that complement their respective business cycles, enable the timely delivery of products to market, and further the economic and social development of their local communities.”
References:
http://www.businesswire.com
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