The Africa Microfinance Facility is investing senior debt funding into microfinance banks, non-bank financial institutions, credit-only institutions, leasing businesses, innovative or technology-driven credit businesses, as well as commercial banks that credibly serve SMEs. The initial facility size is USD 60 million.
The objective of the facility to increase the funding into microfinance in sub-Saharan Africa. Funding for microfinance in sub-Saharan Africa is structurally underweight compared to other regions in the developing World: sub-Saharan Africa has 25.6% of the World’s population living in low income and lower middle-income countries (LI & LMI) and only 8.0% of the World’s investment by microfinance funds.
