Hivos-Triodos Fonds Gets €30M Boost for Sustainable Development
The Hivos-Triodos Fonds (HTF) has received a significant boost with investments totalling €30 million. The Dutch entrepreneurial development bank FMO and the Austrian OeEB have joined forces to support the fund, which aims to accelerate sustainable development in developing countries.
Since its inception in 1994, HTF has invested over €300m in 107 high-impact initiatives across 49 countries. The fund, originally launched as a public-private partnership between Hivos and Triodos Bank to fund microfinance institutions, has expanded its focus to include renewable energy and sustainable agriculture.
The latest investments range from €300,000 to €3m, with an average ticket size of €1m to €2m. FMO has committed €20m, while OeEB has contributed €10m. These investments have brought the total assets under management in HTF to around €95m. Wouter Soetaert, business development manager for blended finance at Triodos Investment Management, welcomed the investment, highlighting the funding gap in SME financing for these sectors and the difficulty in financing smallholder farming and off-grid energy projects.
The additional funding will support SMEs in developing countries working in renewable energy and sustainable agriculture. It is expected to accelerate sustainable social and economic development in developing countries, furthering HTF's mission to create positive change through innovative financing.
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