Manhattan Beach-based TriLinc Global Impact Fund has approved $18 million in trade finance to three South American borrowers.

A maintenance and repair service provider for ships in Brazil borrowed $5.5 million, a diaper manufacturer in Brazil borrowed $4.46 million, and an LED lighting service provider to support an energy-efficient retrofit on public streetlights in two cities in Chile borrowed $8.1 million. The identities of the borrowers were not identified.

“TriLinc’s recent investment activity demonstrates our commitment to supporting borrower companies that are providing sustainable solutions in their communities,” said TriLinc CEO Gloria Nelund.

Since its inception in 2008, TriLinc has provided total financing commitments through Dec. 31, 2018, of $443.6 million for business expansion and socioeconomic development through its holdings in Sub-Saharan Africa, Latin America, Southeast Asia, and Europe.

TriLinc, which makes public filings with the U.S. Securities and Exchange Commission but is not traded on stock exchanges, is an impact investing fund that provides growth-stage loans and trade finance to established small and medium business enterprises in developing economies where access to affordable capital is significantly limited.

Finance reporter Pat Maio can be reached at pmaio@labusinessjournal.com or (323) 556-8329.

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