Innovative finance for micro, small and medium-sized enterprises in Sub-Saharan Africa.
|Project name||Regional Micro, Small and Medium Enterprise Investment Fund (REGMIFA)|
|Sector||Financial sector / Microfinance / SME|
|OeEB project volume||USD 12.4 million|
REGMIFA is an investment fund promoting innovative finance for micro, small and medium-sized enterprises in Sub-Saharan Africa. The fund provides credit lines to microfinance institutions (MFIs) in countries such as Kenya, Tanzania or Ghana. These MFIs can thus provide microloans to enterprises.
The innovative element of the fund is that it offers credit lines to the MFIs mostly in local currencies. This leads to a reduction of currency risk and therefore the costs of the microloans can be reduced.
In addition to investing in REGMIFA, OeEB provides Business Advisory Services funds for REGMIFA's Technical Assistance Facility.