PRESS RELEASE: TriLinc Global Impact Fund Makes Impact Investments in Kenya, South Africa and Argentina
Tuesday, September 30, 2014
LOS ANGELES–(BUSINESS WIRE)–TriLinc Global Impact Fund (“TriLinc” or the “Company”) announced today that it has recently approved $9.9 million across three trade finance facilities to companies in Kenya, South Africa and Argentina. The transaction details are summarized below.
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: