Portfolio
Fund for Agricultural Finance in Nigeria
Project status: Ongoing progress
- Ongoing progress
- Fund for Agricultural Finance in Nigeria
Project Details
Sector
Climate & Sustainability
Climate & Sustainability
Commencement Date
March 2014
March 2014
Participants
NSIA
FFAF in Nigeria
NSIA
FFAF in Nigeria
State
Lagos
Lagos
The Fund for Agricultural Finance in Nigeria (“FAFIN”) is an innovative agriculture-focused private equity fund that provides tailored investment capital and technical assistance to high-growth, commercially attractive agricultural SMEs across all regions in Nigeria using quasi-equity, equity, and structured debt instruments.
FAFIN invests in SMEs as part of its mission to positively impact the lives of smallholder farmers, increase the amount of commercial capital available for agribusinesses in the country, and catalyze agriculture-led inclusive economic growth in Nigeria.
PARTNERS
How the fund is invested
US$65.9 million
Project Cost / Size:
US$6.4 million (10%)
NSIA’s interest:
Equity
Funding structure
15
Investment areas
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