PRESS RELEASE: TriLinc Global Impact Fund Makes Impact Investments in South Africa and Argentina
Tuesday, December 9, 2014
TriLinc Global Impact Fund announced today that it has approved a total of $11.9 million in trade finance facilities to two companies in South Africa and one company in Argentina, bringing total financing commitments as of November 30, 2014 to $57.9 million for business expansion and socioeconomic development through its holdings in Africa and Latin America.
TriLinc Global Impact Fund (“TriLinc” or the “Company”) announced today that it has recently approved $11.9 million in trade finance transactions to companies in 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: