Skip to content
Finance — Lifestyle — Investing — Tech's Latest Innovations — Unveil the Latest Gadgets — sports

Hivos-Triodos Fund Gets €30m Boost for Off-Grid Energy & Agri SMEs

€30m boost for HTF means more support for SMEs in crucial sectors. This investment shows the fund's impact and potential in bridging financing gaps.

,   and  Administrator
1 min read
It is an agriculture land many plants are plotted into the ground and in front of of the field...
It is an agriculture land many plants are plotted into the ground and in front of of the field there is a machine, it is spelling the water on the crops and behind the machine there are huge trees and behind the trees there are other types of crops.

Hivos-Triodos Fund Gets €30m Boost for Off-Grid Energy & Agri SMEs

Hivos-Triodos Funds (HTF) has received a significant boost with new investments from development finance institutions (DFIs). This will enable HTF to continue its mission of supporting small and medium enterprises (SMEs) in off-grid renewable energy and sustainable agriculture sectors in developing countries.

Wouter Soetaert, business development manager for blended finance at Triodos Investment Management, welcomed the investment from Oesterreichische Entwicklungsbank (OeEB), the Austrian DFI, amounting to €10m. He noted that DFIs often face challenges investing directly into smaller projects due to their size and operational requirements. However, HTF's track record and impact have attracted investments from various institutions, including FMO, a Dutch DFI, which has committed €20m.

Since its inception in 1994 as a public-private partnership between Hivos and Triodos Bank, HTF has invested over €300m in 107 high-impact initiatives across 49 countries. The fund, which originally focused on microfinance, has evolved to target local SMEs in off-grid renewable energy and sustainable agriculture. These sectors, while crucial for development, often face a financing gap, particularly for local banks. The new investments will help HTF address this gap, with total assets under management now around €95m.

The recent investments in HTF will primarily support local SMEs in developing countries, working in renewable energy and sustainable agriculture. This funding will not only help these enterprises grow but also contribute to the United Nations' Sustainable Development Goals. HTF continues to attract investments from DFIs and other institutions, demonstrating the fund's impact and potential in bridging the financing gap for small-scale, high-impact initiatives.

Read also:

Related

Latest