The German subsidiary of Verdant Capital recently agreed to lend USD 9 million from the Verdant Capital Hybrid Fund to support subsidiaries of Sri Lanka’s Lanka Orix Leasing Company (LOLC) Holdings that offer savings and loans in Africa. These institutions, which serve Democratic Republic of Congo,
Tag: Verdant Capital Hybrid Fund
MICROCAPITAL BRIEF: In 1st Disbursement, Verdant Capital Hybrid Fund Loans $7m to Watu Credit Uganda to Expand Vehicle Financing
Verdant Capital, a Mauritius-based corporate finance firm, recently issued subordinated debt in the amount of USD 7 million to Watu Credit Uganda, an affiliate of Kenya’s Watu Credit, which funds vehicles and mobile phones in six African countries. While Watu also funds smartphones, tuk tuks (three-wheelers) and cars,