MEDA's Expanding Access to Supply Chain Finance for SMEs in East Africa (EASE) project with the Norwegian Agency for Development Cooperation (NORAD) is committed to the improved access to finance in Kenya, Uganda and Tanzania by commercializing technology driven supply-chain financing solutions to small and medium enterprise (SME) value chains in East Africa through various banks and financial institutions.
The project (valued at NOK 29,174,797) will provide technical and financial assistance to MEDA’s implementing partner – Financial Access (FACM), and at least three financial institutions in Uganda, Tanzania and Kenya. These institutions will facilitate a collateral-free working capital loan to at least 100 SMEs with a total portfolio of at least USD 10 Million through reverse factor and supply finance solutions.
Project Quick Facts
Goal: Improve access to finance through implementation of supply chain financing franchise model through local banks and financial intermediaries.
Reaching: 100 small and medium enterprises
Funding: Norwegian Agency for Development Cooperation (NORAD)
Project length: January 2019 to December 2021