Verdant Capital Hybrid Fund completes a USD 9 million investment in LOLC Africa
Verdant Capital Hybrid Fund completes a USD 9 million investment in LOLC Africa The investment will support LOLC’s expansion strategy into Africa, through the financing of MSMEs, thereby promoting a high social and developmental impact including financial inclusion, employment creation, income generation, and economic growth. Verdant Capital is pleased to announce that its Verdant Capital Hybrid Fund (the “Fund”) has completed a USD 9 million investment, structured as a holding company loan in LOLC Africa’s holding company, which will be invested in the lending subsidiaries in Zambia, Egypt, Kenya, Tanzania, Nigeria, Malawi, Zimbabwe, Ghana, and the Democratic Republic of Congo. […]