Progression Eastern African Microfinance Equity Fund
USD 40 mio
USD 4 mio
Region: Sub-Saharan Africa
Sector: Financial Services
Financial instrument: Private Equity Fund
Financial intermediary: Progression Capital Africa
Progression may also invest in institutions that enable or form a critical link in the provision of financial services to the underserved. Local presence and networks, as well as sector-specific expertise and operating experience are important features of Progression.
PEAMEF is managed by Progression Capital Africa Ltd., a first-time team with a strong ability to add value to local microfinance institutions.
SIFEM’s investment in Progression will support an underserved sector that is important for economic development and is considered as being pro-poor, and will endorse a first-time team.