Fund vehicle

Progression Eastern African Microfinance Equity Fund (PEAMEF)

Compiled from public sources

The Progression Eastern African Microfinance Equity Fund (PEAMEF) is a private equity fund dedicated to promoting financial inclusion by investing in microfinance institutions (MFIs) and other microfinance intermediaries in East Africa. The fund's primary objective is to achieve the growth and development of these financial institutions, enabling them to provide financial services, such as access to credit and savings, to low- and middle-income clients who are traditionally unbanked. The fund focuses mainly on equity and equity-related investments, with up to 25% allocated to microfinance enablers, such as technology companies. The typical investment stage is growth and expansion.

Manager

Progression Capital Africa Limited

Vintage

2011

Strategy

Private Equity

Target size

$40m

Status

Exited