TriLinc Global Impact Fund approved $16.2 million in various term loan and trade finance transactions with companies operating in Sub-Saharan Africa, Latin America, and Southeast Asia.

TriLinc is an impact investing fund that provides growth-stage loans and trade finance to established small and medium enterprises in developing economies where access to affordable capital is significantly limited.

Throughout November, it participated in the following transactions:

  • $3 million as part of an existing $8 million senior secured revolving receivables trade finance facility to a global metals trader based in the United Kingdom and operating in Africa. The financing will facilitate the trade of full plate nickel cathodes.
  • A new $5 million five-year term loan to a Ghanaian independent power producer. The financing will support the company’s transition from using liquefied petroleum gas as feedstock to using liquefied natural gas, along with supporting its student scholarship initiative.
  • $3 million as part of an existing $9 million revolving trade finance facility with an Ecuadorian shrimp exporter. The financing will strengthen the borrower’s ability to offer competitive wages, health services, and childcare support to its employees.
  • $3.5 million as part of an existing $3.5 million senior secured trade finance facility to a Mauritius-based fair trade vanilla exporter that sources from smallholder farmers in Madagascar. The financing will provide the company’s suppliers with access to new international markets and customers.
  • $1.699 million as part of an existing $10 million revolving senior secured trade finance facility with a mobile phone distributor based in Hong Kong. The financing will support the distribution of mobile phones throughout the country, in addition to expanding access in India.

“TriLinc’s recent investment activity demonstrates our commitment to deepening relationships with existing SMEs that are generating positive economic, social, and environmental impact,” said Gloria Nelund, CEO of TriLinc. “In addition, by extending additional, longer-term financing to companies like the power producer, TriLinc continues to offer flexible capital structures that address both short-term and future developmental goals of its portfolio companies.”