Sasfin Bank is a South African Tier 2 commercial bank which specialises in asset backed lending to SMEs. Sasfin was established as a family-owned textile importer in 1951 and shifted toward providing trade finance in 1970. Sasfin obtained its banking license and registered as a commercial bank in 1999. FMO is providing a syndicated loan facility, which will be used by Sasfin to provide office equipment finance to South African SMEs. Supporting the SME segment will generate economic growth and have a positive impact on job creation. Furthermore, through this syndicate FMO is able to introduce one of its strategic partners to Sasfin.
Status
Active
Start Date
2017
Donor
Funding Instrument
Country
Region
Thematic
Unique ID
396
Amount in USD (in million)
15.00