IMPACT REPORTING


As of June 30, 2017

Impact Overview
Percentage of TriLinc Borrowers that:
Comply with local environmental, labor, health, safety and business laws, standards and regulations 100%
Demonstrate their positive impact on the community through community service and/or community donations 84%
Commit to working towards implementing international environmental and health and safety best practices 100%
Implement environmentally sustainable practices, including energy savings, waste reduction and/or water conservation 89%
Top 5 Borrower Impact Objectives:
1 Job Creation
2 Wage Increase
3 Agricultural Productivity
4 Capacity-Building
5 Access to New Markets
Top 5 Environmental and Social Practices:
1 Fair Hiring and Recruiting
2 Maternity / Paternity Leave
3 Energy Savings
4 Waste Reduction
5 Fair Compensation
Case Study: Grain Processor - Uganda1
Investment Type: Senior Secured Trade Finance
Structure: Revolving Facility
Loan Commitment Amount2: $3,750,000
Interest Rate3: Three Month Libor + 9.00%
Sector: Grain Sourcing and Processing
Collateral Coverage Ratio4: >1.44x
Impact Objective(s): Productivity & Competitiveness Improvement; Job Creation; Wage Increase; Capacity Building; Agricultural Productivity; Access to Financial Services

TriLinc recently extended a $3,750,000 senior secured revolving trade finance facility to an agricultural trading company that is established in the Cayman Islands for structural purposes and operates in Uganda. With a 2016 GDP of $25.5 billion, a population of 41.5 million,5 and GDP growth averaging 5.5% annually from 2010 to 2015, Uganda ranks 12th across the Sub-Saharan African region on the World Bank’s Ease of Doing Business index.6 The country’s economy is primarily service- and agriculture-based, with the agriculture industry employing one third of the workforce.7 Maize is a major staple food crop in Uganda, and over 90% of it is produced by smallholder farmers.8.

Recognizing the importance of the agricultural sector, and maize in particular, in Ugandan economic development and food security, TriLinc has provided financing for the company to source, process, and store maize before selling to off-takers, such as the World Food Programme, across Uganda, Kenya, and Rwanda. Off-takers range from food processing companies to organizations that produce nutrient-enriched, therapeutic food to meet the nutritional demand of the region’s growing population.

The company maintains support centers in western and southern Uganda that offer farmers a location to sell their maize, as well as access to competitively priced agricultural inputs, knowledge, demonstrations, extension services, and loans for working capital. To date, these centers have provided over 45,000 farmers with agricultural finance. Through its various activities, the company encourages farmers to use quality inputs and methods to maximize their crop yields and facilitates their ability to sell their harvests through a reliable process at fair pricing, thereby improving farmers’ livelihoods and contributing to regional food security.

Past performance is no guarantee of future results. The impact data above in the Impact Overview section reflects data collected as of June 30, 2017 and is subject to change/rounding. The borrower information presented in the Impact Investment Case Study represents an actual transaction in TriLinc Global Impact Fund as of June 30, 2017. All information provided by TriLinc Advisors, LLC.
1) There is no assurance that our investment in the borrower or this market will be successful or will have the desired impact. 2) The current loan commitment amount represents the current amount that is available to the borrower under the agreement. This amount may change over time. 3) Note, this is not a measure of TriLinc’s investment performance nor is it necessarily indicative of distributions that TriLinc may provide to investors. 4) The collateral coverage ratio is the amount of collateral the borrower must maintain in relation to the total amount withstanding on the facility. 5) World Bank, World Development Indicators Database, Uganda, 2016. 6) The World Bank, Doing Business, 2017. 7) CIA World Factbook, Uganda, 2016. 8) FAO, Technologies for Agriculture, 2011.