Oikocredit announces € 9.3 million loan to AfricInvest Private Credit to support SMEs in Africa

Oikocredit has made a first-time loan of US$ 10 million (€ 9.3 million) to AfricInvest Private Credit (APC) to augment support for small and medium enterprises (SMEs) throughout Africa. 

APC is committed to providing SMEs with access to medium- to long-term credit, with particular focus on enterprises underserved by mainstream financial institutions, often because they lack adequate collateral. In addition to providing tailor-made financial solutions, APC offers capacity building initiatives to help investee companies thrive and expand sustainably. This comprehensive approach aligns seamlessly with Oikocredit's mission of fostering sustainable economic growth and development. 

Oikocredit’s capital infusion will enable APC to increase its lending activities to a diverse portfolio of companies across multiple African countries. This strategic deployment of resources is essential to achieve a thriving SME sector, the backbone of Africa’s economy.

Read the press release here.