PROJECT

Projects

Summary of Investment Information

Project Number

53650

Company Name

Gigmile Technologies Ltd

Date SPI Disclosed

Aug 31, 2026

Country

Nigeria

Region

Africa

Projected Board Date

Sep 30, 2026

Environmental Category

FI-3 - No Impact

Status

Pending Approval

Last Updated Date

Aug 31, 2026

Department

Equity Portfolio Management

Industry

Financial Markets

Sector

Finance Companies

Project Description

   IFC is considering an equity investment of up to US$4 million in Gigmile Technologies Ltd (“Gigmile” or the “Company”). The Company provides lease-to-own financing for two-wheeler and three-wheeler commercial vehicles used by drivers, logistics operators, and other micro-entrepreneurs to generate income. Through its financing platform, Gigmile addresses a significant gap in access to productive asset financing for customers that are underserved by traditional lenders. The proposed investment will support the Company’s growth and expansion while increasing access to commercial vehicle ownership in its target markets.  

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation