FAQ

What is REGMIFA?

The Regional Micro, Small and Medium Enterprise Investment Fund for Sub-Saharan Africa (REGMIFA) is an investment fund to promote economic development and prosperity in Sub-Saharan Africa through the provision of demand-oriented financing to partner lending institutions serving micro, small and medium sized enterprises. In addition to its investment product,The technical assistance facility will be a key part of REGMIFA’s value proposition, enabling it to provide technical support to its PLIs and increase their developmental impact

 

How and when was REGMIFA initiated?

REGMIFA was initiated at the June 2007 summit of the G8, held in Heiligendamm, Germany. KfW, supported by the German Ministry for Economic Cooperation and Development (BMZ), has taken the lead in progressing the further development of this initiative in close collaboration with a group of 10 other development finance institutions. REGMIFA was launched on 5 May 2010.

 

What is the Fund type and where is it domiciled?

The Regional MSME Investment Fund for Sub-Saharan Africa S.A., SICAV-SIF (REGMIFA) qualifies as a société d'investissement à capital variable-fonds d'investissement spécialisé under Luxembourg Law.

 

Who is the Investment Manager for REGMIFA?

The Geneva-based Symbiotics SA has been selected as Investment Manager for REGMIFA.

 

Who are REGMIFA's end beneficiaries?

REGMIFA is structured to promote the growth of micro, medium and small entreprise in Sub-Saharan Africa. Micro-entrepreneurs and micro, small and medium sized enterprises are the backbone of every economy: they are the engine of employment, income generation and growth. In addition to factors such as a lack of skilled labor force and inadequate infrastructure, African micro, small and medium sized enterprises are being constrained from realizing their full potential by a lack of financial resources. REGMIFA has been created to remove these obstacles and unlocking the potential of the local capital markets to benefit micro, small and medium sized enterprises in Sub-Saharan Africa.

 

Which are REGMIFA's target financial intermediaries?

REGMIFA works with a diverse group of regulated and non-regulated partner lending institutions that provide financing to the micro, small and medium sized enterprises sector in Sub-Saharan Africa.

 

Which are the financial instruments REGMIFA uses?

REGMIFA is a debt fund, and its principal products are local currency fixed interest rate senior loans.

 

Which non-financial services does REGMIFA offer?

The Fund's investment services are complemented by a technical assistance facility aimed at providing assistance for capacity building of partner lending institutions to increase outreach to end-beneficiaries and/or to reduce their risk.