Home Alts News TriLinc Global Impact Fund Invests $11.9 Million in South Africa and Argentina

TriLinc Global Impact Fund Invests $11.9 Million in South Africa and Argentina

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Non-traded limited liability company, TriLinc Global Impact Fund (TriLinc), recently approved $11.9 million in trade finance transactions to South African and Argentine companies.

TriLinc makes investments in small and medium sized enterprises (SMEs) in developing economies with the goal of creating financial return but also creating a positive impact on communities around the world.

In South Africa, TriLinc supplied a textile distributor with $1,285,000 on November 6, 2014 as part of an existing $2,500,000 revolving trade finance facility. Set to mature on February 4, 2015, the transaction is secured by inventory being imported into South Africa from Asia and has a fixed interest rate of 15%. The financing is anticipated to support employment generation.

In addition, TriLinc funded $1,547,546 on November 10, 2014 and $6,000,000 on November 12, 2014 as part of a $10,000,000 trade finance facility to a South African agricultural chemicals producer and distributor. Supported by specific inventory, the trade finance facility has a fixed interest rate of 13% and is set to mature February 10, 2015. The transaction is expected to aid employment generation.

Furthermore, a soy bean distributor in Argentina was the recipient of $3,052,856 funded by TriLinc as part of a $3,500,000 revolving trade finance facility. With a fixed interest rate of 9.02%, the transaction is set to mature on December 12, 2014. It is supported by a specific purchase order contract with a Netherlands-based buyer. The borrower expects the financing to allow it to contribute to economic development and agricultural productivity.

As of October 31, 2014, TriLinc’s total loan commitments were $46,802,000 with $38,038,285 outstanding across 19 investments in South American and African countries.