Following the decision by Growth Africa to exit the lending business, a handover agreement has been made with Micro Africa to take over the management of Growth Africa’s loan portfolio. The two institutions, who are based in the same office building in Nairobi, have been working closely together over the last three months to ensure a smooth transition for both borrowers, investors, and staff.
Micro Africa has been a provider on the MYC4 platform since 2008 and has disbursed more than 1.1 million euro through the MYC4 platform to borrowers in Kenya, Uganda and Rwanda. With a risk rating of 4.36 stars, Micro Africa is currently the best rated MYC4 provider.
From MYC4’s perspective, we are pleased with the agreed exit strategy and the professionalism shown by both institutions in this delicate process. Our team in Nairobi has been closely involved with the transition and will continue to support Micro Africa with the management of the portfolio in all ways possible.