Description of the Project :
REGMIFA fosters economic development and prosperity as well as employment creation, income generation and poverty alleviation in Sub-Saharan Africa (SSA) through the provision of innovative financial products and, to the extent necessary, technical assistance support to eligible Partner Lending Institutions (PLIs) which serve micro-entrepreneurs and small and medium-sized businesses (MSMEs).
Innpact contribution :
Innpact helped in the design and implementation of the fund and currently acting under a management support mandate.
- Name : The Regional MSME Investment Fund for Sub-Saharan Africa SA, SICA - SIF
- Inception : 2010
- Initiators : KfW Development Bank, BMZ, EU
- Investment Manager : Symbiotics Asset Management SA, Geneva
- Sector : Micro, small and medium enterprises (MSMEs) in the Sub-Saharan Africa region
- Geographic Focus : Sub-Saharan Africa
- Target Financial Intermediaries : MFIs, local commercial banks, and other FIs providing funding for MSMEs
- End‐Beneficiaries : Micro, small and medium enterprises
- Financial Instruments : Debt instruments
- Non‐Financial Services : Technical Assistance Facility
- Type : Predominantly Debt Fund
- Outstanding portfolio : USD 114 million
- Info : www.regmifa.com