Woman and cattle

Platcorp Holdings Ltd

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Swedfund, Sweden’s development finance institution, has signed a USD 10 million loan to Platcorp Holdings Limited to support lending to micro, small, and medium-sized enterprises (MSMEs) in Kenya, Uganda, Tanzania, and Zambia.

The investment aims to address persistent barriers to finance in these countries, where small businesses often lack access to formal credit. The loan is expected to help businesses grow and create decent jobs, with a particular focus on women-owned enterprises and climate-resilient agriculture.

Read more in our press release: 

Swedfund invests USD 10 million to support MSME lending in East and Southern Africa

 

: November 6, 2025: November 21, 2025

Facts

SDG in focus

Icon for UN Global goal 8 Decent Work and Economic Growth

Decent Work and Economic Growth

Promote sustained, inclusive and sustainable economic growth, full and productive employment and decent work for all.

Icon for UN Global goal 10 Reduced inequalities

Reduced Inequalities

Reduce inequality within and among countries.

Icon for UN Global goal 5 Gender Equality

Gender Equality

Achieve gender equality and empower all women and girls.

Icon for UN Global goal 1 No poverty

No Poverty

End poverty in all its forms everywhere.

Value creation

Impact

The investment supports growth of MSMEs through increased access to formal credit, thereby contributing to income generation, job creation and improved living standards. It also advances women’s economic development by financing women-owned/led businesses and providing employment opportunities for women.

Additionality

Swedfund’s fourth investment in Platcorp is financially additional as we provide growth capital in a challenging context where access to finance for MSME:s is limited. The investment is expected to contribute to further capital mobilisation. It is value additional through a strong focus on strengthening environmental and social practices, business integrity and broader sustainability performance. The investment also aims to advance the company’s work on climate impact and related strategic priorities.

ESG

Requirements

In line with Swedfund’s Policy for Sustainable Development, the portfolio company is required to materially comply with, inter alia: (i) all internationally recognised human rights (ii) the EDFI harmonized exclusion list and EDFI Fossil Fuel Exclusion List, (iii) local environmental, health & safety and labour laws and regulations, (iv) applicable IFC Performance Standards, (v) the ILO’s Declaration on Fundamental Principles and Rights at Work and the ILO’s Basic Terms and Conditions of Employment.

ESG Risk

E&S risk categorisation is Medium Risk (FI-B) based on potential E&S risks and impacts inherent to the financed sectors, as well as contextual risks in the countries concerned.

ESG Mitigation Measures

Swedfund focuses on supporting the financial institution in aligning with the Client Protection Principles. We also work together to strengthen the ESMS, including responsible investment in food, agriculture, and human rights. In addition, Swedfund supports the company in improving its anti-corruption management system.

Applicable IFC Performance Standards

IFC PS 1 and 2 are applicable for the activities funded by our investment.

Whistleblowing channels and Grievance Mechanism

Swedfund’s whistleblowing services can be used by employees, contractors and others at Swedfund, and by the companies and funds in which Swedfund invests. The complaints mechanism can be used for all types of complaints concerning Swedfund and Swedfund’s portfolio companies, but not for complaints concerning individuals as a result of restrictions arising from data protection legislation. 🔹 Link in website footer.

Previous investments

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