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Emerging Markets

The inclusive finance and sustainable trade fund’s goal is to contribute to the development of inclusive financial sectors in developing countries. Inclusive financial systems improve lives by providing financial services in a transparent and responsible way, encouraging trade in certified fair trade and organic products and stimulating sustainable agriculture. Triodos Investment Management believes that access to financial services plays a crucial role in reaching global sustainable development goals.

The Emerging Markets’ activities consist of the management of internationally operating funds that invest in emerging markets in Latin America, Africa, Asia and Eastern Europe.

The emerging market funds collectively grew by EUR 112 million in 2015, an increase of 17.9% to EUR 734 million.

The activities of the Triodos Fair Share Fund, Triodos SICAV II – Triodos Microfinance Fund, Triodos Sustainable Finance Foundation, Stichting Hivos-Triodos Fonds, Triodos Sustainable Trade Fund, and Triodos Renewable Energy for Development Fund, are all managed from the Triodos Investment Management offices in The Netherlands.

Developments in 2015

In 2015 Triodos Fair Share Fund and Triodos Microfinance Fund added several new equity investments to the portfolio. One of them is Dawn Microfinance, one of the few small MFIs active in Myanmar and an organisation with a strong reputation for building trust with the local government and communities, for over 14 years. You can find out more about Dawn Microfinance and Triodos Investment Management’s work with it in the Impact chapter here.

Inclusive finance

EUR 734 million

Since 1994, our assets under
management in the
microfinance sector have
increased to EUR 734 million,
making us one of the leading
investors in the industry.

The four Triodos inclusive finance funds; Triodos Fair Share Fund, Triodos SICAV II – Triodos Microfinance Fund, Stichting Triodos Sustainable Finance Foundation and Stichting Hivos-Triodos Fonds financed 100 microfinance institutions and banks, operated in 45 countries in 2015. These institutions reach 15.5 million low-income clients with loans. 80% of these are women. Approximately 10.2 million people were served with savings products (2014: 8.2 million). 41% of these clients live in rural areas.

Portfolio Triodos Microfinance Funds

31 December 2015

Prospects

Continuing growth of the inclusive finance funds is expected, in line with current trends. Triodos Investment Management sees strong demand for finance in emerging markets and will continue to add new investments to the portfolios of its inclusive finance funds. The funds will continue to target a broad range of institutions active in the financial inclusion sector, such as traditional microfinance institutions, as well as SME banks and micro-leasing companies.