28/02/2019
I hope all is well.
I am the Business Development Consultant for MNCapital Africa Advisors (MNCAA). MNCAA is an Africa focused financial advisory firm. MNCAA assists companies and project sponsors in raising capital.
We have a financing institution that is looking to provide credit lines to African financial institutions that on-lend to SMEs. Details of the funding are below.
FUNDING DETAILS:
LENDING LIMITS: Private Sector Lines of Credit: $1m – $10m or local currency equivalents, depending on equity capital base. These are medium to long term (4-7 years) funding facilities offered for on-lending to SMEs. NOTE: THIS FUNDING IS AVAILABLE IN LOCAL CURRENCIES.
GEOGRAPHICAL COVERAGE: All African countries
ELIGIBILITY CRITERIA: Minimum trading history of 3 years, must be profitable, with minimum equity capital base of $4m. Funding up to 35% of equity.
PRIORITY SECTORS: The financial services firms, which on-lend to SMEs
INTEREST RATES: Libor +4-5%. NOTE THAT IF THE FUNDING IS IN LOCAL CURRENCY, THE INTEREST RATE MAY INCREASE TO COVER HEDGING COSTS.
TENOR: Can be up to 7 years.
Regards,
Hugh Aryee- MBA, CIAMC, CMC, FDip, IIM
Business Development Consultant (BDC)
360 Capital Finance Limited
P.O Box BT-139 Tema
Office: +233 268379228
E-Mail:[email protected]
MNCapital Africa Advisors
mncapital-africa.com