Regmifa

Equity : May 2010

REGMIFA is a unique social impact investment fund structured to promote the growth of Africa’s MSME sector and foster economic development through employment creation, income generation and poverty alleviation.

Amount

€ 3,743,000.00

Type of investment

Equity

Development impacts

  • Local economic growth
  • Financial inclusion

Beneficiary locations

Sub-Saharan Africa:

Investment field

Investment Companies & Funds

Activity

MFI Fund

Organisation

Regmifa

Domicile

Grand-Duchy of Luxembourg

At the summit of 2007 in Heiligendamm, the G8 endorsed the establishment of an investment fund for the promotion of Micro, Small and Medium Sized Enterprises (MSMEs) in Sub-Saharan Africa. KfW (the German Development Bank), supported by the German Ministry for Economic Cooperation and Development (BMZ), developed and established this initiative in close collaboration with Development Finance Institutions, International Financial Institutions and Donor Governments.

The Regional MSME Investment Fund for Sub-Saharan Africa S.A. (REGMIFA) was launched on 5 May 2010 and qualifies as a Société d’ Investissement à Capital Variable – Fonds d’Investissement Spécialisé (SICAV-SIF) under Luxembourg Law. It is a multilayered fund structured to attract both, public and private investors, looking to promote impact with a risk adjusted return.

Symbiotics, a Geneva based asset management company specialized in impact investing, is acting as fund manager of REGMIFA.

Development impacts

  • Local economic growth

    Regmifa will create a chain of impacts that will generate a number of (in)direct benefits for the end-borrowers of the Fund (MSME clients).

  • Financial inclusion

    Regmifa is expected to serve 25,000 MSMEs in its first year of operations alone, rising to a cumulative 315,000 by year 5 through partner lending institutions.

Made possible through this investment

Thanks to the direct funding from BIO, the following second-line investments have been made possible.

AB Madagascar

Madagascar

ABR

Rwanda

ABZ

Zambia

ACEP Burkina

Burkina Faso

ACEP Cameroun

Cameroon

Adehyeman

Ghana

Advans-DRC

Democratic Republic of Congo

Advans Ghana

Ghana

Advans Nigeria

Nigeria

Aquila Capital Ltd

Nigeria

Aquila Capital Limited is one of the leading leasing companies in Nigeria. It specializes in both corporate and individual leasing. It also provides fleet operation and management, and operates an asset management affiliate.

ASA Ghana

Ghana

Baobab

Democratic Republic of Congo

Baobab is a leading digital financial inclusion group focusing on serving individuals, micro and small businesses in Africa. Their mission is to unleash the potential of our clients by offering them simple and easy to use financial services.

Baobab Burkina

Burkina Faso

Baobab Nigeria

Nigeria

CAC

Côte d'Ivoire

Caurie

Senegal

Cofina Senegal

Senegal

EFC Uganda

Uganda

EFC Uganda is a start-up microfinance institution that was founded in 2011. EFC Uganda was established by DID and AfricInvest, according to the DID model which is similar to the portfolio companies EFC Tanzania and EFC Zambia. The Company was established as a non-regulated institution, while it is currently applying for a deposit-taking license, to be regulated by the Bank of Uganda. The Company is focusing on MSMEs in Kampala and its surroundings.

EFC Zambia

Zambia

Fidelis Finance

Burkina Faso

FINCA Nigeria

Nigeria

Juhudi Kilimo

Kenya

KWFT

Kenya

Letshego Bank Tanzania

Tanzania

LUL

Uganda

Mfinance

Zambia

Microcred CI

Côte d'Ivoire

Microcred Mali

Mali

Microcred Mali is a micro-finance institution. MCM started in 2013 and offers Micro-loans and SME loans.

Microcred Senegal

Senegal

Musoni

Kenya

OBUL

Uganda

OISL

Ghana

PAMF

Côte d'Ivoire

Phakamani Foundation

South Africa

PRIDE Tanzania

Tanzania

SA Taxi DF

South Africa

SEF SA

South Africa

Sinapi

Ghana

Sipem

Madagascar

Sumac

Kenya

VFUL

Uganda

Read impact and news about this project

Milk is the foundation of our prosperity

Impact Story

Milk is the foundation of our prosperity

16-12-2020

Mcvin Mbesa Muia owns a dairy farm in Kyambutho. She received a loan from the Kenya Women Microfinance Bank, which is supported by REGMIFA.

Read more
I want to be close to the people who need me

Impact Story

I want to be close to the people who need me

20-02-2019

Beatrice Nkunku works in a hospital Mutituni Hope. She received a loan from the Kenya Women Microfinance Bank, which is supported by REGMIFA.
Read more
I really needed my own space

Impact Story

I really needed my own space

13-11-2018

BIO invested 5 million dollars in REGMIFA and 3,5 million dollars in Rural Impulse Fund (RIF). Both support financial institutions like the Kenya Women Microfinance Bank (KWFT).

Jedidah Ndanu got a loan from KWFT. This is her story.

Read more