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Published on Jun 14, 2019
NASIRA uses guarantees to allow local banks to on-lend to underserved entrepreneurs within the European neighborhood and Sub-Saharan Africa. It targets portfolios consisting of loans to young, female and migrant entrepreneurs (including refugees, returnees and internally displaced people). The goal of these guarantees is to allow local banks to provide loans to groups they normally perceive as too risky. By so-called ‘risk-sharing’ NASIRA reduces the perceived and real risks of lending to vulnerable and underserved parts of the population. Thus, it enables and stimulates financing needed for people who want to grow their (micro) business. For more info https://www.fmo.nl/nasira