Luxembourg firm invests Sh100m in microfinancier Musoni

Musoni has been partnering with local firms in agriculture ventures. file PHOTO | NMG

Luxembourg-based private equity (PE) firm Fonds Européen de Financement Solidaire (Fefisol) has invested Sh100 million in Musoni Microfinance Ltd that targets small-scale farmers and the informal sector.

The Nairobi-based credit-only lender founded in 2010 on Thursday said the funds will go towards developing financial products that stimulate food production and agri-business.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.