African Assure Fund (AGF),a market-friendly assure scheme that goals at easing entry to finance for African small SMEs has right now partnered with Frankfurt-based bettervest, a crowdfunding platform, to extend financing of sustainable SME initiatives in Africa.
The AGF, designed and funded by the AfDB in partnership with the governments of Denmark and Spain, seeks to offer monetary ensures to monetary establishments to stimulate financing to SMEs and unlock their potential to ship inclusive development within the area.
Talking on the brand new partnership, AGF Group CEO Jules Ngankam mentioned, “Partnering with a crowdfunding platform and Fintech is consistent with our technique for the approaching years and represents a singular growth alternative for revolutionary financing. Via our risk-sharing mechanism, the partnership with bettervest may have a optimistic affect on Africa’s inexperienced financial transition.”
“By cooperating with the African Assure Fund, we’ve got come a lot nearer to our purpose of additionally letting our traders profit from the precious instrument of a default assure and thus maybe directing extra investments to the African continent. This partnership is a milestone for our firm”, says Marilyn Heib, CEO of bettervest GmbH.
The goal of this partnership is to additional improve the attractiveness of affect investments, which due to this fact makes a priceless contribution to the planet and its individuals. As with every kind of funding, affect investing will not be freed from dangers. If a venture fails, the worst-case state of affairs is the lack of the funding quantity. The partial assure offered by African Assure Fund will assist to mitigate the danger of default.