The overall investment in LOLC Africa Singapore Limited by Verdant Capital’s Hybrid Fund has reached $13.5 million, with an additional $4.5 million having been invested.

Ten African nations — Zambia, Rwanda, Egypt, Kenya, Tanzania, Nigeria, Malawi, Zimbabwe, and the Democratic Republic of the Congo — will be able to expand their micro, small, and medium enterprise (MSME) lending programs with the help of this cash.

The investment will be funneled into LOLC Africa’s operating subsidiaries in each country through a holding company loan.

To boost economic growth and employment in these regions, micro, small, and medium-sized enterprises (MSMEs) rely on loans, and this capital injection is projected to improve financial inclusion efforts by giving them the loans they need.

The social ratings and client protection pre-certifications of LOLC Africa have been bolstered by Verdant Capital’s Technical Assistance Facility, which further enhances the operational standards of the company.