TriLinc Global, LLC (“TriLinc”) announced today the approval of WCA (Working Capital Associates) LLP (“WCA”) as a new investment partner for business expansion and socioeconomic development in Africa and Latin America. “We are very excited about our partnership with Working Capital Associates for broadening our existing term loan and trade finance investment capabilities throughout Africa and Latin America,” commented Gloria Nelund, CEO and founder of TriLinc. “International trade has the potential to deliver important, short, medium, and long-term economic development to SMEs and the communities in which they operate.
WCA’s experience track record, local in-country presence and institutional quality approach to portfolio management aligns with TriLinc’s goal to deliver risk-adjusted returns to our investors while creating positive, measurable impact in communities across the globe.”
Federica Sambiase, WCA’s CEO & Founder said, “The agreement with TriLinc comes after three years of successfully growing and operating in value chains and trade finance in the African and Latin American markets and is a major step towards reaching WCA’s mission of scaling up its highly successful approach.
WCA feels privileged to partner with TriLinc to successfully scale our operations based on a tried-and-proven business model: providing access to capital to high-growth and sustainable SME’s in developing countries, creating proven societal impact and, at the same time, market-rate returns for investors. Our alliance is underpinned by our shared investment values and by our desire to advance the female investing agenda”.
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