WeLight, which operates in Madagascar and Mali, recently raised EUR 19 million (USD 20 million) from the Electrification Financing Initiative (ElectriFI) of Belgium-based European Development Finance Institutions (EDFI), the EU’s European Investment Bank (EIB) and three funds managed by Netherlands-based Triodos Investment Management to build solar mini-grids in Madagascar. These commitments complete the fundraising phase of a EUR 28 million (USD 30 million) project to
Tag: Triodos
MICROCAPITAL BRIEF: Retail Capital Borrowing $10m from Triodos Investment Management for Advances to SMEs in South Africa
Retail Capital, a South African lender to small and medium-sized enterprises (SMEs), recently raised ZAR 150 million (USD 10 million) in debt capital from Triodos Investment Management, a Dutch impact investor. Retail Capital issues collateral-free loans to retailers, in amounts based on their monthly cash flow. Since it was established in 2011, Retail Capital has served
MICROCAPITAL BRIEF: Triodos Emerging Markets Renewable Energy Fund Debuts with $29m in Commitments
Triodos Investment Management, an impact investing unit of the Netherlands’ Triodos Bank, has announced the launch of the Triodos Emerging Markets Renewable Energy Fund. The fund will deploy senior debt in low- and middle-income countries to support:
MICROCAPITAL BRIEF: Samunnati Borrows $12m from FMO, Triodos to Boost Agricultural Producer Organizations, SMEs in India
Samunnati, a non-banking financial company in India dedicated to the agricultural sector, recently borrowed EUR 5 million (USD 6.1 million) each from Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), a development bank controlled by the Dutch government, and Triodos Investment Management (Triodos IM), a subsidiary of Netherlands-based Triodos Bank, for on-lending to farmer producer organizations (FPOs) and small and medium-sized enterprises (SMEs) in the agricultural sector. Triodos IM is disbursing the funds from
MICROCAPITAL BRIEF: DEG, FMO, Triodos to Invest Debt in Promerica of Nicaragua
Two microfinance investment vehicles, Triodos Microfinance Fund and Triodos Fair Share Fund, recently made a debt investment of unspecified amount in Promerica Financial Corporation (Promerica Group), a commercial bank based in Nicaragua. Triodos Investment Management, a subsidiary of Triodos Bank of the Netherlands, manages both funds. Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden (FMO), the Dutch development bank; and Deutsche Investitions-und Entwicklungsgesellschaft (DEG), a German development bank, also participated in the investment with unspecified amounts of debt finance.