FSD's New Debt Fund Aims to Empower Small Firms in East Africa
Wednesday, 7 August 2024, 02:00
FSD's Initiative for Small Businesses
The FSD has announced a significant initiative targeting micro, small, and medium enterprises (MSMEs) in East Africa with a robust Sh39 billion debt fund.
Funding Strategy
- Direct Investment: 25% of the funds will be allocated to direct investments.
- Indirect Strategy: 75% will focus on indirect financing methods.
This dual approach is designed to maximize the reach of the funding, ensuring that numerous small firms can benefit from enhanced financing opportunities.
Conclusion
With this new fund, the FSD is poised to significantly impact the operations and growth potential of MSMEs in the region, ultimately encouraging economic development and stability.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.