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Emerging Markets

The inclusive finance and sustainable trade funds’ goal is to contribute to the development of inclusive financial sectors in developing countries. Inclusive financial systems improve lives by providing financial services in a transparent and responsible way, encouraging trade in certified fair trade and organic products and stimulating sustainable agriculture. Triodos Investment Management believes that access to financial services plays a crucial role in reaching global sustainable development goals.

The Emerging Markets’ activities consist of the management of internationally operating funds that invest in emerging markets in Latin America, Africa, Asia and Eastern Europe.

The emerging market funds collectively grew by EUR 92 million in 2016, an increase of 12.1% to EUR 857 million.

The activities for the Triodos Fair Share Fund, Triodos SICAV II – Triodos Microfinance Fund, Triodos Sustainable Finance Foundation, Stichting Hivos-Triodos Fonds, Triodos Sustainable Trade Fund, Triodos Renewable Energy for Development Fund and Women’s World Banking Capital Partners, are all managed from the Triodos Investment Management offices in The Netherlands.

In 2016 Triodos Fair Share Fund and Triodos Microfinance Fund added several new equity investments to the portfolio. One of them is Intellegrow in India. Founded from the IntelleCap group in 2009, Intellegrow officially began operations in 2010, providing venture debt financing to small and early stage medium-sized enterprises (SMEs) across India and in the following sectors: agricultural supply chain, clean energy, education, financial inclusion, healthcare, and water and sanitation. As per September 2015, Intellegrow has provided 114 loans to 65 SME’s.

EUR 857 million

Since 1994, our assets under
management in the
microfinance sector have
increased to EUR 857 million,
making us one of the leading
investors in the industry.

The four Triodos inclusive finance funds; Triodos Fair Share Fund, Triodos SICAV II – Triodos Microfinance Fund, Stichting Triodos Sustainable Finance Foundation and Stichting Hivos-Triodos Fonds provided finance to 100 financial institutions working for inclusive finance in 44 countries in 2016. These institutions reached approximately 20.2 million low-income clients with loans (2015: 15.5 million). 83% of these are women. Approximately 13.7 million people were served with savings products (2015: 10.2 million). 41% of these clients live in rural areas.

Portfolio Triodos Microfinance Funds

31 December 2016

In 2016, Triodos Investment Management released an extensive impact management report about its activities in Inclusive finance. It’s the first time an impact investor has published such an extensive report on the impact it delivers through its investments. You can find the online report here.