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Progression Eastern African Microfinance Equity Fund
Mauritius
Last updated 13 May 2020, by Impactyield.
Fund geography
Emerging countries (256) / Africa (127) / Eastern Africa (50)
PEAMEF is a genuinely local African fund, operating as an actively involved, commercially and socially responsible equity investment partner for companies involved in furthering the financial inclusion agenda primarily in Kenya, Uganda, Tanzania, Rwanda and Zambia, as well as further afield.
In addition to providing capital, we also support our partner institutions with assistance on strategy, financial planning, capital raising, risk management, corporate governance plus operational retail banking and microfinance best practices. As capital requirements begin to rise and as many microfinance institutions begin to take on the challenge of scaling their operations to reach more of the underserved populations, our Fund provides the needed support to build strong institutions.
Asset class
Fund status
Fund style
Early Stage, Growth Stage, Late Stage, Mezzanine Finance, Secondary, Seed Stage
Financial description
The Fund's aim is to deliver a reasonable financial return while playing the role of a responsible investor that works towards larger social objectives of equitable access to financial services, and promotion of transparent and ethical business practices in its Investee Companies.
13 years
of track record
2011
the year funded
40,000,000 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
SDG goals
SDG targets
Equal rights to ownership basic services technology and economic resources
Ensure public access to information and protect fundamental freedoms
Double the improvement in energy efficiency
Full employment and decent work with equal pay
Increase access to financial services and markets
Universal access to information and communications technology
Key performance indicators
Fund overview
Asset manager: Progression Capital Africa Limited
Product track record: Fund has 13 years of track record
Target IRR: n.a.
Committed Capital: n.a.
Target return category: Below risk-adjusted market-rate of return
Fund domicile: Mauritius
Product status: Open - post first close
Style/Stage: Early Stage, Growth Stage, Late Stage, Mezzanine Finance, Secondary, Seed Stage
Inception year: 2011
Vintage year: n.a.
Target region: Africa, Eastern Africa, Emerging countries
Target close date: n.a.
Product term: n.a.
Assets under management: 40,000,000 USD (US Dollar)
Investment size: Min: 0; Max: 0; Avg: 0
Co-investment policy:
Currency of investments: USD (US Dollar)
Currency for fund / product figures: USD (US Dollar)
Fund investments to date: 0
Fund investments to date exited or repaid: 0
Management fee: n.a.
Carried interest: n.a.
Hurdle rate: n.a.
GIIN Investors' Council Investment: No
Limited Partners / Investors: n.a.
Limited Partner / Investor Type: n.a.
Contact
E-mail: Lydia@progressionafrica.com
Website: http://www.progressioncapitalafrica.com
Phone number: 442074096644.00
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Andrej Machacek
Managing Partner
Impact Performance
n.a.
Impact thesis
The Fund’s investment objective is to achieve medium and long-term capital appreciation together with a positive social return through investment in companies or other entities operating in the Financial Inclusion Investment Space that are either directly or indirectly engaged in bringing about inclusion of the financially underserved within the formal financial system. In doing so, the Fund will seek to contribute meaningfully to regional poverty alleviation and economic development. The Fund sees its dual financial and social objectives as mutually inclusive, rather than exclusive.
The Fund's aim is to deliver a reasonable financial return while playing the role of a responsible investor that works towards larger social objectives of equitable access to financial services, and promotion of transparent and ethical business practices in its Investee Companies.
Impact Management
n.a.
Financial benchmark
Term Description:
Keywords
Bottom/Base of the PyramidCommunity Investing/LocalMinorities/Previously Excluded PopulationsRuralUrbanWomen