Achieve financial performance through ethical investments

Transcription

1 Achieve financial performance through ethical investments by Alex Tack, Credit Manager Africa and Latin America Finance Day booth 208 1/06/ p. 1

2 Creation & Mission Alterfin cvba-scrl is a cooperative society created in 1994 by: NGO s: , Vredeseilanden, Oxfam WW & Solidariteit, FOS,... Banks: Triodos, HBK Spaarbank Meanwhile more than private shareholders have joined the cooperative. Mission : Mobilise capital in the North to support the development of a financial network that is accessible to poor people in the South Finance Day booth 208 1/06/ p. 2

3 Capital on Dec. 31 st Finance Day booth 208 1/06/ p. 3

4 Board of Directors Organisation / Group Independent director Triodos SOS Faim Belgique Vredeseilanden Private persons Private persons Private persons Independent director Represented by Dominique Morel (Chairwoman) Frederick De Gryse Marc Mees Chris Claes Klaartje Vandersypen Vincent de Brouwer Jean Matton Mark Lambrechts Finance Day booth 208 1/06/ p. 4

5 What happens with our share capital? Alterfin supports 2 sectors in the South: Microfinance example of investment: loan / USD / 36 months / 8,50% the organisations dispatch our funding into small (micro)credits sectors: agriculture, trade, services, production, housing,... Fair Trade example of investment: credit line / EUR / 8 months / 7,00% working capital for prefinancing, gathering, processing and commercialisation of produce sectors: coffee, cocoa, wine, banana, honey, sesame, Finance Day booth 208 1/06/ p. 5

6 Characteristics of our financing Investments Gifts types: loan, guarantee, participation gifts: dependence, disturbance of market, not scalable Intermediaries Final beneficiaries local initiatives efficiency Finance Day booth 208 1/06/ p. 6

7 Tim Dirven Credit Committee Social criteria Marginalised groups of society Involvement of clients and decision making process Ownership/property and profit question Financial criteria Balance sheet, Profit & Loss, Cash flows Specific: Microfinance portfolio of micro-credits Fair Trade sales Finance Day booth 208 1/06/ p. 7

8 Fund manager for third parties Alterfin finances organisations in the South With own ressources = with share capital of the cooperative Alterfin With other ressources = with funds of third parties Calvert Foundation (USA) Fefisol Fopepro responsability Social Investments (CH) Alterfin builds up portfolio and monitors investments Only for existing clients of Alterfin Commission Finance Day booth 208 1/06/ p. 8

9 EUR Nb. Active partners Portfolio on Dec. 31 st 2012 Portfolio Alterfin and number of partners Portfolio Alterfin Nb. Active partners Finance Day booth 208 1/06/ p. 9

10 Geographical scope on Dec. 31 st 2012 Number of partners 10,1% 4 7,3% 12 2 Volume Latin America 79 Asia 81,6% Africa International Finance Day booth 208 1/06/ p. 10

11 Geographical distribution on Dec. 31 st 2012 Distribution by country 20% 15% 15% 11% 11% 10% 9% 9% 7% 7% 5% 5% 4% 3% 3% 3% 3% 3% 2% 1% 1% 1% 1% 0% Finance Day booth 208 1/06/ p. 11

12 Distribution by sector on Dec. 31 st 2012 Finance Day booth 208 1/06/ p. 12

13 Outreach on Dec. 31 st 2012 Finance Day booth 208 1/06/ p. 13

14 Average loan microcredit on Dec. 31 st Africa Asia Central America South America Overall Average loan amount 2012 Finance Day booth 208 1/06/ p. 14

15 Your share Price Private persons: 62,50 EUR per share Organisations: 250 EUR per share Characteristics of your investment Social return Accessible and flexible Financial return: dividend Fiscal stimulus Finance Day booth 208 1/06/ p. 15

16 Dividend since ,00 4,00 3,50 3,75 3,35 2,75 1,50 1, vrijgesteld van roerende voorheffing, daarna 25% 190 exonérés du précompte mobilier, ensuite 25% Finance Day booth 208 1/06/ p. 16

17 Fiscal stimulus Only for private investors Tax reduction: 5% of invested money in Alterfin for 5 years (~ extra return of 1% per year) Min. investment 437,5 EUR (7 shares) 21,88 EUR tax benefit Investment 6.437,5 EUR (103 shares) 320 EUR maximum tax benefit Finance Day booth 208 1/06/ p. 17

18 Alterfin Team Managing Director Financial Manager Portfolio Manager Compliance & Reporting Manager Account & Finance Officer Marketing & Communication Officer Marketing & Communication Officer Senior Advisor Portfolio Manager Latin America Credit Manager Latin America & Africa Credit Manager Latin America Credit Manager Latin America Credit Manager Africa Kris Goossenaerts Jan De Grande Sofie Desmet Audrey Timmermans Julie Depelchin Georges Karras Karin Huffer Hugo Couderé Saúl Castro Alex Tack Bernard Ornilla Mauricio Duran Caterina Giordano Finance Day booth 208 1/06/ p. 18

19 Thank you Finance Day booth 208 1/06/ p. 19