Published by
PEPZambia

This case study highlights an intervention conducted under the Business Services for Investment and Growth intervention, designed to overcome a critical constraint of SME finance in Zambia. 

All growth-oriented businesses need access to finance in order to reach scale but the Zambian financial sector offers finance that tends to be neither affordable nor accessible. This lack of access to capital at all levels acts as a severe constraint on business growth and is hindering private sector success.

Impact Capital Africa (ICA) is a social enterprise founded by the Musangu Foundation (MF), which addresses access to finance for African SMEs.