MICROCAPITAL BRIEF: Regional MSME Investment Fund for Sub-Saharan Africa (REGMIFA) Celebrates 2nd Anniversary, Reports Positive Financials for 2011

The Regional Micro-, Small and Medium Sized Enterprise Investment Fund for Sub-Saharan Africa (REGMIFA) SA, a Luxembourg-based investment fund that focuses on supporting micro-, small and medium-sized enterprises (MSMEs) in the region, recently celebrated its second anniversary by presenting a summary of 2011 achievements along with an overview of its goals for 2012. As of year-end 2011, REGMIFA held total assets of USD 60.8 million and a loan portfolio of USD 43 million. By May, REGMIFA’s loan portfolio had reached USD 51.3 million. During 2011, REGMIFA reported experiencing no losses while it disbursed 32 investments to 20 microfinance institutions (MFIs), including 11 MFIs in five countries with which it worked for the first time. The fund’s disbursements were on-lent to approximately 103,000 borrowers, 68 percent of which were women and 91 of which were MSMEs.

REGMIFA’s goals for 2012 include reaching an outstanding portfolio of USD 70.5 million. Its key target markets are Nigeria, Kenya, Uganda, Senegal, Ghana, Benin and Cameroon, and the fund hopes to invest more in stable markets such as Ghana and Senegal and be more cautious about entering new markets.

By Charlotte Newman, Research Associate

About REGMIFA
The Regional MSME Investment Fund for Sub-Saharan Africa, SICAV-SIF (REGMIFA) is an investment fund focused on supporting micro-, small and medium-sized enterprises (MSMEs) by building partnerships among donors, development finance institutions and private investors. Launched in May 2010 by KfW, a German development bank, and the German Ministry for Economic Cooperation and Development (BMZ), REGMIFA is organized as a Societe d’Investissement a Capital Variable (SICAV). REGMIFA is managed by Symbiotics Asset Management SA. As of year-end 2011, REGMIFA held total assets of USD 60.8 and a loan portfolio of USD 43 million.

Sources and Additional Resources:

REGMIFA: Press Release: “Regmifa Successfully Attains the USD 50 million Mark Reaching More than 112,000 Borrowers, 91% of which Micro-, Small and Medium Enterprises (MSMEs),” http://www.regmifa.com/news–publications/press-releases/regmifa-successfully-attains-the-usd-50-million-mark

MicroCapital.org story, May 31, 2011, “MICROCAPITAL BRIEF: Advans Ghana Receives Investment of $4.52m from SOciete Generale, IFC, Triodos; Advans Cameroun Receives Loans of $2.45m from MicroVest, REGMIFA,” https://www.microcapital.org/microcapital-brief-advans-ghana-receives-investment-of-4-52-from-societe-generale-ifc-triodos-advans-cameroun-receives-loans-of-2-45m-from-microvest-regmifa/

MicroCapital.org story, December 21, 2010, “MICROCAPITAL BRIEF: Netherlands Development Finance Company (FMO) Investing $7m in Regional MSMS Investment Fund for Sub-Saharan Africa SA (REGMIFA),” https://www.microcapital.org/microcapital-brief-netherlands-development-finance-company-fmo-investing-7m-in-regional-msme-investment-fund-for-sub-saharan-africa-sa-regmifa/

MicroCapital Universe Profile: REGMIFA
https://www.microcapital.org/microfinanceuniverse/tiki-index.php?page=Regional+MSME+Investment+Fund+for+Sub-Saharan+Africa+SICAV-SIF+%28REGMIFA%29

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