We have a financing institution that is looking to provide credit lines to African financial institutions that on-lend to SMEs. Details of the funding are below.
- LENDING LIMITS:
Private Sector Lines of Credit: $1m – $10m or local currency equivalents, depending on equity capital base. These are medium to long term (4-7 years) funding facilities offered for on-lending to SMEs.
NOTE: THIS FUNDING IS AVAILABLE IN LOCAL CURRENCIES.
- GEOGRAPHICAL COVERAGE:
All Sub-Saharan African countries.
- ELIGIBILITY CRITERIA:
Minimum trading history of 3 years, must be profitable, with minimum equity capital base of $4m. Funding up to 35% of equity.
- PRIORITY SECTORS:
The financial services firms, which on-lend to SMEs
- INTEREST RATES:
Libor +5%. NOTE THAT IF THE FUNDING IS IN LOCAL CURRENCY, THE INTEREST RATE MAY INCREASE TO COVER HEDGING COSTS.
Can be up to 7 years
For more information, please contact: firstname.lastname@example.org