Expected Development Impact
- Strengthening local SMEs and employment: The Fund will exclusively focus on providing growth financing using a variety of instruments to mainly locally-owned and -led SMEs and providing hands-on support to help SMEs in operational and governance areas that are key for successful growth. These SMEs will in turn support thousands of local jobs and suppliers, including in rural areas, the exact numbers of which will be quantified during monitoring of the investment.
- Economic value addition: Fund investments in up to ~18 SMEs will also generate economic value in local markets, through salary payments, taxes, and profits. FinDev Canada estimates that by 2028 the Fund’s activities may generate up to USD $4.3 million in additional local economic value added.
- Mobilizing other investors: The Fund also expects that its activities will allow its SME clients to attract up to USD 250 million in additional financing.