Regmifa
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
Investment field
Investment Companies & Funds
Activity
MFI Fund
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
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 provides mciro-loans, savings solutions, and daily banking services.
Baobab Burkina
Burkina Faso
Baobab Nigeria
Nigeria
CAC
Côte d'Ivoire
Caurie
Senegal
Cofina Senegal
Senegal
EFC Uganda
Uganda
EFC Uganda is a deposit-taking MFI that started operations mid 2012.
EFC Zambia
Zambia
A licensed deposit taking microfinance institution in 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 Microfinance Bank
Kenya
VFUL
Uganda
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Debt
