Home / Knowledge / News / Apparel/Garments / TriLinc Global approves loan to SA clothing importer
TriLinc Global approves loan to SA clothing importer
02
Sep '14
US-based TriLinc Global Impact Fund, which provides growth-stage loans and trade finance to established SMEs in developing economies, approved a loan to a South-Africa based garment importer and distributor.

TriLinc said it facilitated two draws totalling to $622,000 against an existing $1,500,000 revolving trade finance facility at a fixed interest rate of 15.00% to a South African clothing importer and distributor.

The transaction, set to mature on November 4, 2014 and December 5, 2014, respectively, is secured by specific clothing inventory being imported into South Africa from Asia and sold to large retailers serving all of the country’s market segments, including low income consumers.

Gloria Nelund, CEO at TriLinc said, “We believe that facilitating finance access to SMEs in developing economies can be both, a profitable investment proposition and an effective driver of sustainable economic development.”

TriLinc makes impact investments in SMEs in developing economies that provide the opportunity to achieve both competitive financial returns and positive measurable impact and invests through experienced local market sub-advisors.

Fibre2fashion News Desk - India

Must ReadView All

Textiles | On 25th May 2017

Huntsman and Clariant to have merger of equals

Huntsman Corporation and Clariant have announced that their boards of ...

Courtesy: CBRE

Apparel/Garments | On 25th May 2017

European cities preferred for retailer expansion: CBRE

European cities were the preferred new destination for international...

Apparel/Garments | On 25th May 2017

Guess records $458.6 million revenue for Q1 2018

For the first quarter of fiscal 2018, the net revenue of American...

Interviews View All

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Sanjay Yagnik
Maa Tex Speciality

‘We suggest reducing dosage of sizing chemicals to reduce sludge...

Divyesh Mashruwala
Akshar Industries

Surat dominates foiling, embossing and pleating

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Jay Ramrakhiani
Occasions Elegance Wear

It is believed that by early 19th century, Varanasi weavers had moved away ...

Silvia Venturini Fendi
Fendi s.r.l

"Yes, my confidence and positive attitude are my strengths and should be...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
May 2017

May 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


E-News Insight
Subscribe Today and Get the
Latest News Update in Your Mail Box.
Advanced Search