Debt Funding Available for African Social Impact Companies

We have been contacted by a impact investor offering loans of between $100K and $400K to entities meeting the below criteria.

Please let me know if you are aware of companies meeting the below criteria that are seeking funding.

Impact Criteria:

  • Create local employment opportunities.
  • Expected to improve standards of living and facilitate higher incomes.
  • Preference given to Small and Growing Businesses (SGBs): with local markets, empowering women and/or focusing on rural areas.

Sectors:

  • Agriculture value chain.
  • Water, Sanitation & Clean Energy.
  • Other non-financial.
  • Financial institutions targeting SGBs.

Venture Criteria:

  • For-profit legal entity with at least 3 years of operations.
  • Positive equity.
  • Sustainable and scalable sources of revenue (greater than $200k per annum).
  • Audited statements for at least one year.
  • Financial statements produced at least quarterly.
  • Fewer than 250 employees.
  • At least one-year cash projections.

Deal Structure:

  • US$100,000 to US$400,000.
  • In USD, EUR or local currency.
  • Pricing: from 7% to 10% in USD; senior debt or structured debt (e.g., revenue sharing arrangements).
  • Tenor: 10 months to 4 years.

For more information, please contact: mansur@mncapital-africa.com