BPI Kenya SME Fund

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

• Kenya

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)

• Services

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