Release date: 13 March 2006
Promoter – Financial Intermediary
Business Partners International Ltd
Attn: Mr Jo' Schwenke, Managing Director
5 Wellington Road
Parktown 2193
P.O. Box 7780
2000 Johannesburg
SOUTH AFRICA
Location
Description
USD 15 million Investment Fund targeting investments in businesses in the SME sector in Kenya.
Objectives
Financing of investments of USD 50,000 – 500,000 in businesses which are underserved by the existing financial services industry in Kenya, using primarily quasi-equity and debt instruments.
Comments
All sectors (except sectors normally excluded on ethical grounds)
Sector(s)
Proposed EIB finance (Approximate amount)
Up to USD 5 million.
Total cost (Approximate amount)
Not applicable.
Environmental aspects
Investee companies to meet minimum environmental standards to be specified and monitored by the Fund Manager.
Procurement
N/a
Status
Under appraisal - 3/08/2006
Disclaimer
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).