Back to overview

Regional MSME Investment Fund for Sub-Saharan Africa S.A., SICAV-SIF

Customer

REGMIFA is a debt fund with a regional focus on Sub-Saharan Africa, which provides predominantly local currency senior loans to microfinance institutions, local commercial banks and other financial institutions, including fintech companies. The Fund was set up in 2010 by KfW on behalf of the BMZ.
REGMIFA is managed by Symbiotics Asset Management S.A., a Switzerland-based asset manager and advi-sor. It is part of the Symbiotics group which was founded in 2004 and is active in the field of impact investment.

Funding Objective

The DEG funds will be onlent via financial institutions. The investment increases access to finance for micro, small and medium-sized enterprises (“MSMEs”), as well as low income households in Sub-Sahara Africa (“SSA”), thereby supporting job creation and income generation on the continent.

Reasons for financing

MSMEs form the backbone of African economies and since access to responsible finance is still one of the largest obstacles to growth for MSMEs, DEG’s investment into REGMIFA plays a central role in providing (indirectly) liquidity to this segment. DEG provides needed capital to local African financial sector companies and helps to fill a funding gap for such companies in an underserved region.

The investment in the fund REGMIFA contributes to DEG´s strategy of supporting MSMEs in developing countries. In accordance with DEG’ commitment, this engagement contributes to the Sustainable Development Goals, in particular the SDG 1 – No Poverty and SDG 8 Decent Work and Economic Growth.

Region Africa (Sub-Sahara)
Country Supraregional
Sectors Financial Sector
Signing Date 12-2025
Funding USD 20 Million
Investment Instrument Debt
Source of Funding DEG's own funds
Environmental & Social Category
Risk categorization on environmental and social impacts:
A = High risk; Investments with significant potential adverse social or environmental impacts that are diverse, irreversible or unprecedented. These impacts cannot be mitigated or remedied or only at significant costs.
B+ = High Medium Risk; Investments with limited potential adverse social or environmental impacts that are site-specific addressed through mitigation measures, but having specific features which can have potential significantly more adverse social or environmental impacts.
B = Low Medium Risk; Investments with limited potential adverse social or environmental impacts that are site-specific and readily addressed through well-known mitigation measures.
C = Low Risk; Investments with minimal or no adverse social or environmental impacts.
FI-A = Financial Institutions High Risk; Financial Institutions with business activities or projects with significant potential adverse social or environmental impacts or risks.
FI-B =Financial Institutions Medium Risk; Financial Institutions with business activities or projects with limited potential adverse social or environmental impacts or risks.
FI-C =Financial Institutions Low Risk; Financial Institutions with business activities or projects with minimal or no adverse social or environmental impacts or risks.

FI-B
General partner’s (GP) name, domiciliation of GP/fund Symbiotics Asset Management S.A., Switzerland
Website of the customer https://regmifa.com/

Here you can find information on our new commitments at a glance. The information is published here once the contract has been signed with the customer and provided the customer has given consent. This works well: In the last two years we have published information on 90 percent of our commitments.