Print This Page

Ecuador

TriLinc Global Impact Funds Shrimp Exporter

 

On August 18, 2017, TriLinc Global Impact Fund, a company that finances small and medium enterprises in in Sub-Saharan Africa, Southeast Asia and Latin America, released $655,000 to Ecuador’s seventh-largest shrimp exporter as part of an existing $9,000,000 trade finance agreement.  With a fixed interest rate of 9.25%, the transaction is set to mature in October 2018.  The financing is secured by inventory, accounts receivable and purchase contracts.  The shrimp exporter uses state-of-the-art, cost-efficient cooling and freezing equipment to preserve the quality of its product and reduce its environmental footprint.  TriLinc’s financing will strengthen the borrower’s ability to offer competitive wages, health services and childcare support to its employees.

 

Ecuador’s Instituto Nacional de Pesca, an institute specializing in biological, technological, and economic research aimed at the management and development of sustainable fisheries, licenses all the shrimp farms that supply the exporter.

 

Information: Gloria Nelund, Chief Executive Officer, and Joan Trant, Director of Marketing and Impact, TriLinc Global Impact Fund, c/o DST Systems, Inc., P.O. Box 219731, Kansas City, Missouri 64121, USA (Phone 1-310-220-0871, Email jtrant@trilincglobal.com, Webpage http://trilincglobalimpactfund.com).

 

Source: Consumer Electronics Net.  TriLinc Global Impact Fund Makes Impact Investments in Sub-Saharan Africa, Latin America, and Southeast Asia.  September 15, 2017.

 

Print This Page