Verdant Capital Hybrid Fund completes an additional investment of USD 4.5 million in LOLC Africa The investment will support LOLC’s global expansion strategy in Africa, by financing MSMEs, thereby fostering financial inclusion, employment creation, income generation, and economic growth
Summary
These investments are driving the expansion of LOLC Africas micro, small and medium enterprises (MSMEs) financing footprint across the continent. Additionally, the Funds Technical Assistance Facility (TAF), has offered financial support for LOLC Africas Social Ratings and Client Protection Pre-Certifications for its subsidiaries in and , with further Technical Assistance initiatives in the pipeline.is recognised as one of the top-performing global microfinance groups, and the Funds investment aligns with its strategy of picking the top performers in each theme or category. LOLCs expansion of the MSME lending model is not only about pursuing its commercial ambition but is also a commitment to sustainable and socially responsible growth. By extending tangible benefits to those communities at the bottom-of-the-pyramid, LOLC Africa promotes financial inclusion, job creation, income generation, and overall economic growth.This investment represents a diversified exposure to multiple African markets as continues to scale its operations. The Group is engaged in leisure, plantations, agri inputs, renewable energy, construction and real estate, manufacturing and trading, technology, research & innovation and other strategic investments.