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Socremo

Socremo is a Mozambican financial institution that offers micro-financing loans to SMEs in the country. Socremo has a high rate of deposits and good prospects for further growth. Norfund wishes to contribute to the further growth of the institution and to give a growing number of poor people access to basic financial services.Norfund transferred its holdings in Socremo in 2014 to Norfinance of which Norfund owns 48.8 per cent.

Sara Salvador, Maputo. With the help of a loan from Socremo, she has established herself as a chicken farmer for the local market

 

Facts

  • Sector: Micro credit
  • Investment year: 2014
  • Instrument: Equity
  • Committed amount (MNOK): 16.1