Funding Available for African Financial Institutions for On-Lending to SMEs

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.

FUNDING DETAILS:

  1. 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.

  2. GEOGRAPHICAL COVERAGE:
    All Sub-Saharan African countries.

  3. ELIGIBILITY CRITERIA:
    Minimum trading history of 3 years, must be profitable, with minimum equity capital base of $4m. Funding up to 35% of equity.

  4. PRIORITY SECTORS:
    The financial services firms, which on-lend to SMEs

  5. INTEREST RATES:
    Libor +5%. NOTE THAT IF THE FUNDING IS IN LOCAL CURRENCY, THE INTEREST RATE MAY INCREASE TO COVER HEDGING COSTS.

  6. TENOR:
    Can be up to 7 years

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