Exited InvestmentsMFINANCE LTD


Madison Finance Company Limited (Mfinance) is one of the largest licensed microfinance Institutions in Zambia with a network of 18 branches. It is one of the top 3 financial services provider of micro, small and medium sized enterprise (‘MSME’) loans in Zambia.

TKF acquired a 20% stake in MFinance in August 2013 with a follow on investment of 5% in August 2014, and invested in additional preference shares to help the business grow its existing loan book to small and medium enterprises.

The Regional PE fund Kibo I has partially exited its investment in MFinance through redemption of its preference shares in October 2015.

Date of Investment:
August 2013
Deal type:
Buy-Out and Expansion capital

Copyright by KIBO CAPITAL. All rights reserved.

Copyright by KIBO CAPITAL. All rights reserved.