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Afghan Growth Finance LLC
United States of America
Last updated 13 May 2020, by Impactyield.
Fund geography
Emerging countries (256) / Asia (67) / Southern Asia (30) / Afghanistan (1)
SEAF established Afghan Growth Finance (AGF) to address the market gap faced by SMEs in obtaining growth capital in Afghanistan. AGF offers a broad mix of financial products coupled with market appropriate support services that enable Afghan entrepreneurs to lower their overall cost of capital and to accelerate their growth. SEAF has leveraged its equity commitment to AGF with a debt investment from OPIC, greatly increasing AGF's ability to provide financing to Afghan SMEs.
SMEs are the foundation of a growing and stable local private sector in Afghanistan. Afghan SMEs make up the greatest proportion of the nation’s employment base and are a vital part of the local economy, providing essential products and services and helping to reduce poverty and mitigate income inequalities. Beyond AGF, access to affordable growth capital for Afghan SMEs is virtually nonexistent. AGF works with SMEs across all sectors, placing special emphasis on agribusiness and processed agro-industry, manufacturing, transport, storage, services and technology. AGF investments target companies that are using inputs available in Afghanistan and adding value to promote domestic production and industry.
Financial description
AGF targets businesses that have been shut out of the commercial banking system and require more capital than what is offered by the microfinance institutions and donor programs. AGF is a full service financial partner helping SMEs realize their entrepreneurial potential.
AGF financial products include: business loans, commercial loans, equipment finance, and working capital loans.
17 years
of track record
2007
the year funded
25,000,000 USD
AUM
Interested in this fund?
Log in or create an account to request more information.
Gain a deeper and comprehensive understanding of how this fund generates positive impact in the themes and SDGs that matter to you, with insights provided by our dedicated team of expert analysts, and receive notifications about new available impact products, exciting investment opportunities, and relevant updates in the world of impact investing.
Asset manager
SEAF
Headquarters location: United States of America
Other funds managed by this asset manager: Georgia Regional Development Fund LLCSEAF Caucasus Growth Fund LLCSEAF India Agribusiness FundSEAF Bangladesh Ventures LLCSEAF Blue Waters Growth Fund Limited
Impact Category
Key performance indicators
Fund overview
Asset manager: SEAF
Product track record: Fund has 17 years of track record
Target IRR: 10%
Committed Capital: 25,000,000 USD (US Dollar)
Target return category: Risk-adjusted market-rate of return
Fund domicile: United States of America
Product status: Open - post first close
Style/Stage:
Inception year: 2007
Vintage year: 2007
Target region: Afghanistan, Asia, Emerging countries, Southern Asia
Target close date: n.a.
Product term: open ended
Assets under management: 25,000,000 USD (US Dollar)
Investment size: Min: 50,000; Max: 2,000,000; Avg: 700,000
Co-investment policy:
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 18
Fund investments to date exited or repaid: 8
Management fee: n.a.
Carried interest: n.a.
Hurdle rate: n.a.
GIIN Investors' Council Investment: No
Limited Partners / Investors: SEAF
Limited Partner / Investor Type: Other Institutional Investors
Contact
E-mail: mkazem@afgrofin.com
Website: http://www.afghangrowthfinance.com
Phone number: +1 (202) 737-8463
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Mustafa Kazem
Managing Director
Impact Performance
n.a.
Impact thesis
SEAF tracks the developmental impacts of its investments in SMEs in emerging markets. Through its experience, SEAF has learned that fostering profitable, competitive local enterprises is a fundamental step in achieving sustainable development. Its partnerships with SMEs generate measureable results, increasing employment and wages for workers, creating business opportunities for local suppliers, and improving the quality and availability of products and services for the local community. Through case studies and data collection, SEAF calculates unique metrics on its investments across its portfolio.
SEAF’s analysis shows that for every $1 invested in an SME, an additional $12 in benefits returns to the community through a variety of stakeholders—from employees, suppliers, customers and competitors, to local governments and communities. As these businesses modernize and grow stronger, so do local families and communities. With the stable jobs, growing incomes, and valuable job training provided by SMEs, families can plan for their futures – investing in housing, health care, and education that can end the cycle of poverty and build the foundation for a more prosperous society.
Impact Management
n.a.