TriLinc has approved an additional $15.3 million term loans and trade finance facilities to select firms while the Overseas Private Investment Corporation has invested $5 million in a loan guaranty agreement with India’s IndusInd Bank.
TriLinc adds $15.3m impact investments in SEA, others
TriLinc Global Impact Fund (TriLinc), an impact investing fund, has announced that it approved an additional $15.3-million worth of term loan and trade financing with firms operating in Southeast Asia, Sub-Saharan Africa, Latin America, and Emerging Europe, according to a statement.
The latest funding brings TriLinc’s total financing commitments as of the end of May to $438.2 million for business expansion and socio-economic development. The fund targets established SMEs in developing economies where access to affordable capital is limited.
Gloria Nelund, CEO of TriLinc, said the recent investment strengthens TriLinc’s economic development thesis of supporting local growth industries that seek to generate measurable social and economic benefits.
US agency OPIC lends $5m to Grameen Impact India
US government agency Overseas Private Investment Corporation (OPIC) has provided $5 million loan to Grameen Impact India, a non-banking financial company, focused on lending to enterprises engaged in the social sector.
In a statement, OPIC said, it has mobilized $5 million to Grameen Impact under a loan guarantee agreement with India’s IndusInd Bank.
OPIC added that the loan is to be deployed through the bank’s Impact Investing division, which will support Grameen Impact’s lending to local small and medium enterprises.