In a conversation during the last day of European Microfinance Week, Daniel Buchbinder of Guatemala-based Alterna described his NGO’s fee-based support for young entrepreneurs. Upon Alterna’s founding in 2010, its goal was to help its clients’ businesses develop into more stable operations that could qualify for funding. The NGO had served 2,000 firms by 2015, but funders were not investing in many of Alterna’s clients. Hence the NGO launched Catalyzer, a fund that lends small enterprises USD 10,000 to USD 50,000 on a collateral-free basis. Terms range up to five years, and repayments start at 3 percent of revenue and range up to
Tag: Alterna
MICROFINANCE EVENT: Gender Lens Investing Forum and Foro Latinoamericano de Inversión de Impacto (FLII); November 7-10, 2022; Antigua, Guatemala
The Gender Lens Investing (GLI) Forum will address advancing investment from a gender perspective in order to promote equality and economic growth. The agenda will address five central areas: (1)