U.S.-based TriLinc Global Impact Fund has approved $8.2 million in trade finance facilities to companies in Kenya and South Africa. Seven million of that will go to Kenya. The impact investing fund, which provides growth-stage loans and financing to established small and medium enterprises (SMEs), approved the trade finance transactions during March.
According to the press release, TriLinc provided $7,000,000 in trade financing to a Kenyan cement distributor engaged in the production and distribution of cement.
TriLinc is an impact investing fund that provides growth-stage loans and trade finance to established 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. Source: www.trilincglobalimpactfund.com