Alterfin is a co-operative society established in 1994. Alterfin’s shareholders are nongovernmental development organisations, banks and more than 3.500 individuals.
Alterfin is financing microfinance institutions and fair trade producers in Latin America, Africa and Asia. It contributes to the construction of a financial network in the South that is accessible to small entrepreneurs and farmers.
Alterfin wants to enhance human dignity in developing countries by promoting individual and collective economic activities that contribute to sustainable development.
Our vision on poverty and development in the South is related to a vision on dealing differently and ethically with money in the North. Alterfin wants to link people in the North willing to invest their money in a sensible way to organizations in the South that extend credit to local entrepreneurs and farmers who can use such a loan to build a better future.
The metrics developed by IRIS are used as references while evaluating the social performance of our activities.
Other Impact Measurement Tools
Alterfin created its own social performance monitoring tool which sets the essential social performance indicators.
This tool is regularly fine-tuned according to the sector latest initiatives. Alterfin is an active member of the Social Performance Task Force (SPTF) and of FAST (Finance Alliance for Sustainable Trade).