MICROCAPITAL BRIEF: Merar Offers $3m Investment in Microfinance Project in Swaziland

Merar, an emerging markets investment network, has listed the opportunity to invest up to USD 3 million in an unspecified start-up microfinance project in Swaziland. The minimum investment is USD 100,000, and the payback period is 36 months. This project will target those in Swaziland without banking services, including the unemployed, who reportedly account for 46 percent of the population. FINCORP is the only microlender in Swaziland listed by the US-based nonprofit organization Microfinance Information Exchange; its gross loan portfolio amounts to USD 42 million and it serves 4,544 borrowers as of 2009.

By Ariana Malushi, Research Associate

Sources and Additional Resources

Merar: “Micro Finance Institution Start-Up”
https://www.merar.com/investors/investment-projects/banking-finance-accounting-insurance/swaziland/micro-finance-institution-start-up/

MicroCapital.org Article, March 2, 2010, “MICROCAPITAL BRIEF: Letshego Holdings of Botswana to Finalize $8.2m Sale of Two Subsidiaries in Order to Focus on Microfinance Activities in Sub-Saharan Africa”
https://www.microcapital.org/microcapital-brief-letshego-holdings-of-botswana-to-finalize-82m-sale-of-two-subsidiaries-in-order-to-focus-on-microfinance-activities-in-sub-saharan-africa/

MicroCapital.org Article, July 23, 2008, “MICROCAPITAL STORY: South African Microfinance Institution Blue Financial Services (BFS) Begins Operations in Swaziland”
https://www.microcapital.org/microcapital-story-south-african-microfinance-institution-blue-financial-services-bfs-begins-operations-in-swaziland/

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