IMPACT REPORTING


Impactful Investments: Waste Management Equipment Distributor


With a 2013 GDP of $366.1 billion and a population of 53.2 million, South Africa is the second largest economy in Sub-Saharan Africa and 33rd largest in the world.1 Fueling this relatively large economy are the country’s bourgeoning urban centers, where approximately 33.9 million (63.7%) of South Africans live and work.1

Recognized as the economic and cultural center of South Africa, Johannesburg is the country’s largest city with an estimated population of 4.4 million in 2011.2 As Johannesburg’s population continues to grow, increasing demands on the city’s resources and infrastructure have compelled both the private and public sectors to find solutions for a more socially and environmentally sustainable future.

Between February 2015 and May 2015, TriLinc extended up to $500,000 in financing as part of a trade finance facility to a small, locally-owned and operated waste management equipment distributor in Johannesburg. Ranging from wood chippers to tire shredders, the borrower provides its customers with highly innovative and state-of-the-art equipment that reduces waste and minimizes environmental impact. Proceeds from TriLinc’s financing were used to provide the borrower with short-term liquidity for the purchase and import of equipment for sale to the City of Johannesburg’s exclusive recycling and waste management service provider.

With the imported equipment, the borrower enabled its customer to more effectively and efficiently manage the city’s excess building and demolition waste and support Johannesburg’s vision of becoming a city that provides sustainability for all of its citizens by 2040.3 As one of only a handful of black-owned and operated companies that provide environmental management and waste management solutions in South Africa, TriLinc’s financing also supported the borrower’s efforts to further promote the participation of women and minorities in the workplace.

 



Past performance is no guarantee of future results. This borrower and the information presented represents an actual transaction in TriLinc Global Impact Fund.
1) The World Bank, World Development Indicators Database, 2015.
2) Statistics South Africa, City of Johannesburg, 2015.
3) Official Website of the City of Johannesburg, Joburg GDS 2040 Strategy, 2015.
4) There is no assurance that our investment in the borrower or this market will be successful or will have the desired impact.
5) The current loan commitment amount represents the current amount that is available to the borrower under the agreement. This amount may change over time.
6) Note, this is not a measure of TriLinc’s investment performance nor is it necessarily indicative of distributions that TriLinc may provide to investors.
7) The collateral coverage ratio is the amount of collateral the borrower must maintain in relation to the total amount outstanding on the facility.
8) Given that the loan has been paid off, this investment is no longer part of the TriLinc portfolio. The internal rate of return is defined as the gross average annual return earned through the life of an investment. The internal rate of return was calculated by the Advisor (unaudited) as the investment (loan advance) was made and cash was received (principal, interest and fees). Past performance is not indicative of future results. The internal rate of return illustrated is not necessarily reflective of the overall performance of the portfolio. Please see TriLinc’s prospectus for IRR figures for all exited investments since TriLinc’s inception.

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SC Distributors, LLC (member FINRA/SIPC) is the affiliated dealer manager for the TriLinc Global Impact Fund offering.