The low-to-middle income people in South Africa will now have better access to financial products, helping to reduce the country’s growing cost of living, according to an announcement from Maia Capital, a boutique impact investing business.
The Maia Debt Impact Fund I, Maia’s first impact fund, invested the R100 million mezzanine debt facility and closed on it in December 2021. The Fund seeks to provide profitable investment returns while also having a favorable influence on society, the economy, and the environment.
Maia Capital makes investments in the fields of gender equality, sustainable technology, financial inclusion, housing, and healthcare. The products offered by Fincredit are created with the goal of supporting clients’ financial wellbeing and education.