To achieve medium and long-term capital appreciation together with a positive social impact through equity investments in MFIs and other businesses supporting financial inclusion.
Common equity, convertible debt, convertible preferred equity, participating debt, participating preferred equity.
Primary - Kenya, Uganda, Tanzania, Rwanda and Zambia.
Secondary - Ethiopia, South & North Sudan, Malawi, Zimbabwe
Target Investee Maturity Profile:
Early-stage, intermediate-stage and later-stage companies; greenfields on a highly selective basis.
US$ 1.5m - US$ 8m per investee, over the life of the Fund
Target Average Investment Holding Period:
5 – 8 years
Target Investment Profile:
Significant minority to majority stakes, with Board participation rights