PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

601933

Primary Business Area

Other

Disclosure Date

Apr 16, 2019

Country

Kenya

Region

Africa

IFC Approval Date

Jan 18, 2018

Status

Completed

Estimated Total Budget

$1,073,286.00
(Project budget includes all project-funded activities)

Last Updated Date

May 4, 2024

Project Estimated Start Date

Jan 1, 2018

Project Estimated End Date

Nov 30, 2022

Project Description

SME V Fanisi will provide support to the Fund by supporting portfolio value creation and exits of the remaining deals under Fund I. For Fund II, this Advisory project will provide resources to support SME access to the Fund opportunity, guide on better deal generation and structuring for Fund II, and focus on investment strategy, team capacity, and pipeline development. The technical assistance for the Fund will also support Fanisi's portfolio value creation for overall performance. Based on learnings from the first fund, this will target upgrades to SMEs financial and management systems and enhancing SMEs technical expertise for competitiveness.

Development Results

E&S Risks / Impacts and Mitigation