Africa Business Communities

TriLinc Global Impact Fund Approves Trade Finance Transactions to Companies in Africa and Latin America

TriLinc Global Impact Fund reported that it has recently approved $6.0 million in trade finance transactions to companies in South Africa, Zambia and Argentina.

TriLinc is an impact investing fund that provides growth-stage loans and trade finance to established small and medium enterprises ("SMEs") in developing economies where access to affordable capital is significantly limited. Impact Investing is defined as investing with the specific objective of achieving a competitive financial return as well as creating positive, measurable impact on people and communities across the globe.

TriLinc approved the trade finance transactions, which meet the Company's requirements for underwriting, economic development and societal advancement, as described below:

According to a release from the company, on May 11 and May 14, TriLinc funded two separate transactions totaling $278,015 as part of an existing $2,500,000 revolving trade finance facility at a fixed interest rate of 15.00 percent to a South African textile distributor. Set to mature on July 30, and August 13, respectively, each transaction is secured by specific inventory being imported into South Africa from Asia. The borrower anticipates that TriLinc financing will support employment generation.

On May 15 and May 19, TriLinc funded two separate transactions totaling $5,000,000 to an Argentine agricultural intermediary as part of an existing $7,000,000 revolving trade finance facility at a fixed interest rate of 9.00 percent. Both transactions are set to mature on December 15, and are secured by the assignment of purchase contracts and receivables. The borrower anticipates that TriLinc financing will support economic growth through job creation, increased exports and increased agricultural productivity.

On May 21, TriLinc funded $720,000 as part of an existing $15,000,000 trade finance facility at an interest rate of 12.50 percent to a Zambian farm supplies distributor engaged in the warehousing and trading of key agricultural commodities including fertilizer, maize, soya beans, ground nuts and seed. The transaction, set to mature on June 5, is secured by specific inventory. The borrower anticipates that TriLinc financing will support job creation and indirectly help local farmers improve agricultural productivity and food security.

"Core to TriLinc's investment strategy is the provision of short-term, flexible capital to SMEs that seek to increase their participation in the global marketplace," said Gloria Nelund, TriLinc CEO. "With these recent investments, TriLinc has extended additional financing to existing borrower companies looking to improve their positioning in both local and international markets while generating positive economic, social and environmental impact."

TriLinc is a non-traded, externally managed, limited liability company that makes impact investments in SMEs in developing economies that provide the opportunity to achieve both competitive financial returns and positive measurable impact.

 www.triLincglobal.com

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