LOS ANGELES–(COMMERCIAL THREAD) – TriLinc Global Impact Fund, LLC (“TriLinc Global Impact Fund” or “TGIF”) today announced that it has recently approved a term loan transaction of $ 1,617,322 in Latin America. Details of the transaction are summarized below.
TGIF is an impact investment company that provides growth stage loans and trade finance to established small and medium enterprises (“SMEs”), primarily in developing economies where access to affordable capital is considerably. limit. Impact investing is defined as an investment with the specific objective of obtaining a competitive financial return as well as creating a positive and measurable impact in communities around the world.
TGIF recently approved a transaction for $ 1,617,322 that meets TGIF’s requirements for underwriting, economic development and societal advancement, as described below:
On January 6, 2021, TGIF funded $ 1,617,322 under an existing five-year term loan facility, priced at 12%, to a sustainable consumer lender in Colombia. The transaction is due to mature on September 3, 2025. The borrower is focused on providing much needed liquidity to its more than 4,500 clients, the majority of whom are women seeking to increase their purchasing power for basic necessities. Household.
“By providing financing to the consumer lender in Colombia, TGIF demonstrates its commitment to businesses that have a positive environmental and social impact in Latin America,” said Gloria Nelund, CEO of TGIF. “More specifically, we are confident that this funding will meet the daily consumption needs of segments of the Colombian population – teachers and retirees – who are significantly affected by the realities of the COVID-19 pandemic,” added Ms. Nelund.
About the TriLinc Global Impact Fund
TGIF is a public limited liability company, externally managed and unlisted, which makes impact investments in SMEs, mainly in developing economies, which offer the possibility of obtaining both competitive financial returns and a measurable positive impact. TGIF invests in SMEs through experienced sub-advisers in the local market and plans to build a diversified portfolio of financial assets consisting primarily of private guaranteed debt instruments. In addition, TGIF aggregates and analyzes social, economic and environmental impact data to track progress and measure success against set goals.
This press release contains forward-looking statements (including, without limitation, statements regarding the use of funding provided to borrowers and expected repayment of funding provided to borrowers) that are based on expectations, plans, estimates, TGIF’s current assumptions and beliefs. which involve numerous risks and uncertainties, including, without limitation, the future operational performance of the borrower and the risks set out in the “Risk Factors” section of TGIF’s most recent annual report on Form 10-K, as amended or supplemented by other filings with the Securities and Exchange Commission. Although these forward-looking statements reflect management’s belief as to future events, actual events or TGIF’s investments and results of operations could differ materially from those expressed or implied in these forward-looking statements. To the extent that TGIF’s assumptions differ from actual results, TGIF’s ability to respond to such forward-looking statements may be significantly impaired. You are cautioned not to place undue reliance on forward-looking statements. TGIF cannot guarantee that it will achieve its investment objectives. All forward-looking statements presented here are made only as of the date of this press release, and TGIF assumes no obligation to update or revise any forward-looking statements to reflect changes in assumptions, the occurrence of events unforeseen or other.