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You want to use your money to contribute to sustainable solutions for our planet? Create added value with your money and invest in Alterfin shares!

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FAQ

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How does Alterfin compensate its carbon footprint?

Alterfin’s emissions largely depend on the investment managers' air travel. To offset its carbon footprint, Alterfin developed a partnership in 2015 with Acopagro, a cooperative of cocoa producers in the San Martín region of northern Peru. Through this partnership, we finance the annual planting of trees on the land of producers who are members of the cooperative. These plantations capture a volume of CO2 equivalent to our emissions during the previous year. Since 2015, we have had almost 60,000 trees planted. In addition, since 2018, we have been hiring investment managers in the region for which they are responsible. This has reduced the distances travelled.

What voting rights do co-op members have at the Annual General Meeting?

Alterfin’s shareholders are the owners of the co-operative. They have the right to scrutinize and control the co-operative by participating in the Annual General Meeting. The votes of each co-op member are equal to the number of shares he/she owns. However, no co-op member may hold more than 10% of the total number of votes at the AGM. This helps guarantee a democratic decision-making process.

When is the Annual General Meeting held?

The Annual General Meeting is held on the last Saturday of April. All co-op members receive an invitation two weeks before the meeting.

What is MyAlterfin and how can I create an account?

Alterfin provides a private online space for its co-op members: MyAlterfin.

Request an account on MyAlterfin using your email address or via itsme. As soon as we have activated your account, you will be able to view your Alterfin investment online, edit your contact details and download your extract.

I want to make a donation to the Alterfin Guarantee Fund. How do I do that?

You have two options:

  1. You can give your Alterfin dividend directly to the Guarantee Fund. Every year, when the dividend is announced, you’ll receive a message explaining how to do this. Please note that this does not give rise to any tax benefits.
  2. Make a donation via the King Baudouin Foundation. This donation entitles you to a tax benefit equivalent to 45% of the amount of your donation. Make a donation now.
What can I do with the money in my individual account?

You have three options:

  • Make a donation to the Alterfin Guarantee Fund
  • Reinvest in new Alterfin shares
  • Ask for the balance to be paid into your bank account

Every year, when the dividend is calculated, Alterfin informs its partners of the amount deposited in the individual account. Co-op members can then let Alterfin know what they wish to do with their dividend. If you do not respond to this, you can always contact us and let us know what you want to do with the amount.

How can I sell my shares?

In accordance withour bylawsco-op members may request partial or total repayment of their shares during the first six months of the financial year (from January 1 to June 30).

A few important remarks concerning these repayments:

  • In the case a shareholder wants to exit or transfer the Shares, he/she will only be repaid at the maximum of the nominal value of the Shares.
  • The Shares are registered (nominatives) and there is no market on which the Shares can be traded. Although it is possible for a shareholder to withdraw and transfer the Shares, this causes a limited liquidity.
  • Alterfin reimburses its shareholders free of charge. In general, payment is made within one month of the request to withdraw.
  • The Board of Directors may, however, refuse to grant the withdrawal if Alterfin’s financial situation could be jeopardized by the withdrawal or takeover of shares.

In practice: towithdraw in part or completely from Alterfin’s capital, please contact us.

What are the risks when investing in Alterfin shares?

Investing in the shares involves certain risks. An investor is exposed to the risk of losing all or part of his investment. You are about to purchase a product that is not simple and may be difficult to understand.

Each of these risk factors must be carefully studied and assessed before investing in the shares, especially:

  • The shares are registered (nominatives) and there is no market on which the shares can be traded. Although it is possible for a shareholder to withdraw and transfer the shares, this causes a limited liquidity.
  • In the case a shareholder wants to exit or transfer the shares, he/she will only be repaid at the maximum of the nominal value of the shares.

Before buying cooperative shares, we advise you to carefully read the information note and the key information document.

How can I acquire extra shares as an existing co-op member?

To buy more Alterfin shares, simply pay the amount of your choice into Alterfin SC’s bank account:

  • IBAN: BE85 5230 4527 2706
  • BIC: TRIO BE BB

Remember to include your personal structured reference number.

There is no need to fill out the application form again.

Are there any entry or exit fees?

No, there are no fees.

What is a micro-entrepreneur?

A micro-entrepreneur is a person who runs a small business such as a grocery store, a food cart or a service business. They are often in need of economic support to launch, operate or expand their businesses, but they are considered “high-risk” by traditional banks because they cannot provide substantial collateral, and are often part of the informal economy. They are financed by microloans: small loans provided by MFIs for people who have no collateral, no credit history, no savings and/or no employment history. These modest loans are often sufficient to get these small local businesses off the ground.

What is a smallholder farmer?

Smallholder farmers are small-scale farmers, pastoralists, forest keepers and fishers who manage areas of up to 10 hectares (25 acres). The majority of smallholder farmers working with Alterfin have landholdings of no more than 2 hectares (5 acres). Smallholder farmers usually work at a household level, mainly relying on family labor for production and using part of the harvest for family consumption. They often form the backbone of economic activity in developing countries’ rural communities.

How much does an Alterfin share cost?
  • 62.50 euros for individuals.
  • 250 euros for lega lentities (limited companies, limited liability companies, non-profit organizations, etc.).
How can I become a co-op member?

Just fill out our application form and make your payment.

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Testimonials

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Name
Description

I spent a long time looking for a meaningful way to invest my savings. Investments with big banks don’t appeal to me because I don’t think their commitment to sustainability goes far enough. I’m willing to take risks when the cause seems worthwhile; my goal isn’t just to see my money grow.

Marie Jeanne

I like to travel and discover the differences between countries. When I visit a country, I want to contribute to the local economy, but often I don't know how. For me, investing in Alterfin shares is the answer.

Xanthippe

Every small step counts as we move towards an inclusive, sustainable and socially responsible economy. But a few million euros aren’t enough to change a system that destroys the planet and creates inequality. That’s why I believe in working together and in global solidarity: alone, we go faster, but together, we go further.

Damien

Alterfin’s work has a positive influence on the quality of life of many hard-working smallholder producers. Alterfin analyzes the social and environmental impact of each investment, which is really valuable. The savings we invest via Alterfin help make a difference for millions of families.

Luk

Alterfin is an excellent alternative to traditional bank investments. You don't have to invest large sums to become a co-op member and support the transition to a fair world.

Lina

"The loans that Alterfin grants to its partners positively impact the local economy in the countries where it is active. I am convinced that people in low- and middle-income countries want to move forward and take the initiative to develop their businesses. The main obstacle is often the lack of money, and that's where Alterfin comes in."

Raymond D.
79 years old, cooperator since 2005

"Thanks to CPC, I can send my child to school, repay my debts, and save money. The cooperative has brought positive changes to our community, including better infrastructure and access to low-interest funds. Now, with the school and clinic nearby, I can save on expenses."

Mrs. Ning
Coffee Cultivator at CPC

"Last year, we had to borrow from Alterfin to pre-finance our farmers earlier than usual to ensure their loyalty in a growingly competitive environment. Alterfin's flexibility and responsiveness to our needs help us navigate a challenging coffee market in a volatile global economic context."

Yannick Lamezec
Technical Advisor at CPC

"I had funds in a savings account but realized they could be better used elsewhere. So, I decided to invest them with Alterfin. Now, these funds can be useful to small entrepreneurs and farmers, helping them start their business and become self-reliant."

Augustin D.
24 years old, cooperator since March 2019

"For me, the most crucial aspect is truly the social impact. Investing my money doesn't bother me at all, even if the return doesn't match, for example, the stock market or a savings plan. Indeed, with Alterfin, I know exactly what my investment will contribute to."

Amandine P.
35 years old, cooperator since January 2023

"Another advantage of being a cooperative member is getting good prices. With these prices, we can invest in things that improve our work, which is really important. In addition, we get compost from CPC that helps us have healthy coffee plantations before harvest."

Khamphoy
Coffee Cultivator at CPC

Steven Copias
Head of Portfolio Management

François Hoffait

Maarten Loopmans
Independent director

Herman Van Mellaert

Vanessa Galhardo-Galhetas
Independent director

Mirlanbek Torobekov
Investment Manager Central Asia

Dominique Morel
Representative of Humundi

Alex Tack
Senior Investment Manager

Laetitia Counye
Independent director

Alessandra De Paep
Marketing & Communication Officer

Jordi Fresnedoso
Portfolio Data Analyst

Julie Depelchin
Head of Accounting & Tax

Pallavi Hariharan
Environmental & Social Impact Manager

Ulan Diushebaev
Investment Manager South-East Asia

Thierry Bertouille
Representative of individual co-op members

Elisabeth Cailliau
Legal & Compliance Officer

Laetitia Devaux
Head of Legal & Compliance

Saúl Castro
Senior Advisor Recoveries Latin America

Klaartje Vandersypen
Chair and representative of individual co-op members

Lorna Li Murillo
Investment Manager Latin America

Erik Devogelaere
Representative of Rikolto

Ignace Vanden Bulcke

Luc Cool
Independent director

Marcus Fedder

Aurélien van Caloen
Financial Analyst

Ramprasad Srinivasan
Head of IT

Sheila Falen
Investment Manager Latin America

Njeri Muita
Investment Manager Africa

Virgilio Scacchetti
Head of Credit Risk

Caterina Giordano
Chief Impact Officer

Jennifer Schnaufer
Technical Assistance Manager

Jan De Grande
Senior Advisor Finance

Dmytro Nikolaiev
Technical Assistance Officer

Marie Depelchin
Loan Administrator

Luv Mittal
Chief Financial Officer

Mireille Vankeerberghen
Cooperative life responsible

Nilton Meza
Investment Manager Latin America

Michael Musau
Investment Manager Africa

Vinay Puthalapattu
Lead Developer - Loan Management

Jean-Marc Debricon
Chief Executive Officer

Jérémy Dussart
Senior Advisor Finance

Louis Guezou
Portfolio Analyst

Linda Toscano

Flavio Ralde
Investment Manager Latin America

Hugo Couderé
Founder

Ishika Khanna
Junior IT Developer / Support

Laurie Frenkel
HR manager

Achley Kouakou
Investment Manager Africa

Mathilde Van Brussel
Content Creator

Joana Afonso

Albert Hofsink

Matthieu Vanhove

Véronique Valet
Payroll & Administration Officer

Elke Briers
Representative of individual cooperators

Elke Briers
Representative of individual cooperators

"Thanks to CPC, I can send my child to school, repay my debts, and save money. The cooperative has brought positive changes to our community, including better infrastructure and access to low-interest funds. Now, with the school and clinic nearby, I can save on expenses."

Mrs. Ning
Coffee Cultivator at CPC

"For me, the most crucial aspect is truly the social impact. Investing my money doesn't bother me at all, even if the return doesn't match, for example, the stock market or a savings plan. Indeed, with Alterfin, I know exactly what my investment will contribute to."

Amandine P.
35 years old, cooperator since January 2023

"The loans that Alterfin grants to its partners positively impact the local economy in the countries where it is active. I am convinced that people in low- and middle-income countries want to move forward and take the initiative to develop their businesses. The main obstacle is often the lack of money, and that's where Alterfin comes in."

Raymond D.
79 years old, cooperator since 2005

"Another advantage of being a cooperative member is getting good prices. With these prices, we can invest in things that improve our work, which is really important. In addition, we get compost from CPC that helps us have healthy coffee plantations before harvest."

Khamphoy
Coffee Cultivator at CPC

"Last year, we had to borrow from Alterfin to pre-finance our farmers earlier than usual to ensure their loyalty in a growingly competitive environment. Alterfin's flexibility and responsiveness to our needs help us navigate a challenging coffee market in a volatile global economic context."

Yannick Lamezec
Technical Advisor at CPC

"I had funds in a savings account but realized they could be better used elsewhere. So, I decided to invest them with Alterfin. Now, these funds can be useful to small entrepreneurs and farmers, helping them start their business and become self-reliant."

Augustin D.
24 years old, cooperator since March 2019

Véronique Valet
Payroll & Administration Officer

Matthieu Vanhove

Albert Hofsink

Joana Afonso

Mathilde Van Brussel
Content Creator

Achley Kouakou
Investment Manager Africa

Dmytro Nikolaiev
Technical Assistance Officer

Every small step counts as we move towards an inclusive, sustainable and socially responsible economy. But a few million euros aren’t enough to change a system that destroys the planet and creates inequality. That’s why I believe in working together and in global solidarity: alone, we go faster, but together, we go further.

Damien

I like to travel and discover the differences between countries. When I visit a country, I want to contribute to the local economy, but often I don't know how. For me, investing in Alterfin shares is the answer.

Xanthippe

Thierry Bertouille
Representative of individual co-op members

Dominique Morel
Representative of Humundi

Alterfin is an excellent alternative to traditional bank investments. You don't have to invest large sums to become a co-op member and support the transition to a fair world.

Lina

Erik Devogelaere
Representative of Rikolto

Maarten Loopmans
Independent director

Klaartje Vandersypen
Chair and representative of individual co-op members

Laetitia Counye
Independent director

François Hoffait

Linda Toscano

Marcus Fedder

Ignace Vanden Bulcke

Herman Van Mellaert

Aurélien van Caloen
Financial Analyst

Luc Cool
Independent director

Vanessa Galhardo-Galhetas
Independent director

Alex Tack
Senior Investment Manager

Njeri Muita
Investment Manager Africa

Marie Depelchin
Loan Administrator

Jordi Fresnedoso
Portfolio Data Analyst

Ishika Khanna
Junior IT Developer / Support

Elisabeth Cailliau
Legal & Compliance Officer

Saúl Castro
Senior Advisor Recoveries Latin America

Hugo Couderé
Founder

Vinay Puthalapattu
Lead Developer - Loan Management

Ramprasad Srinivasan
Head of IT

Mireille Vankeerberghen
Cooperative life responsible

Louis Guezou
Portfolio Analyst

Laurie Frenkel
HR manager

Jérémy Dussart
Senior Advisor Finance

Jan De Grande
Senior Advisor Finance

Julie Depelchin
Head of Accounting & Tax

Lorna Li Murillo
Investment Manager Latin America

Michael Musau
Investment Manager Africa

Sheila Falen
Investment Manager Latin America

Flavio Ralde
Investment Manager Latin America

Mirlanbek Torobekov
Investment Manager Central Asia

Ulan Diushebaev
Investment Manager South-East Asia

Pallavi Hariharan
Environmental & Social Impact Manager

Alessandra De Paep
Marketing & Communication Officer

Nilton Meza
Investment Manager Latin America

Jennifer Schnaufer
Technical Assistance Manager

Steven Copias
Head of Portfolio Management

Virgilio Scacchetti
Head of Credit Risk

Laetitia Devaux
Head of Legal & Compliance

Luv Mittal
Chief Financial Officer

Caterina Giordano
Chief Impact Officer

Jean-Marc Debricon
Chief Executive Officer

I spent a long time looking for a meaningful way to invest my savings. Investments with big banks don’t appeal to me because I don’t think their commitment to sustainability goes far enough. I’m willing to take risks when the cause seems worthwhile; my goal isn’t just to see my money grow.

Marie Jeanne

Alterfin’s work has a positive influence on the quality of life of many hard-working smallholder producers. Alterfin analyzes the social and environmental impact of each investment, which is really valuable. The savings we invest via Alterfin help make a difference for millions of families.

Luk

Lorem ipsum dolor sit amet, consectetur adipiscing elit. Suspendisse varius enim in eros elementum tristique. Duis cursus, mi quis viverra ornare, eros dolor interdum nulla, ut commodo diam libero vitae erat. Aenean faucibus nibh et justo cursus id rutrum lorem imperdiet. Nunc ut sem vitae risus tristique posuere.

Name
Description

Numbers

123
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200
institutional co-op members
6000
Individual co-op members
1.1 million
beneficiaries
4
value chains
5
sustainable smallholder agriculture organizations
16
microfinance institutions
8
value chains
1.3 million
beneficiaries
25
sustainable smallholder agriculture organizations
35
microfinance instutitions
4.6 million
households enjoy improved livelihoods
157,000
smallholder farmers have stable market access
4.5 million
vulnerable people have access to financial services
25
sustainable smallholder agriculture organizations
6
value chains
3.4 million
women empowered
21
microfinance institutions
2.2 million
beneficiaries

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