IFC approves P500m loan to Peo Finance

The IFC will channel the support via a loan to Peo Finance, a micro-finance company which is a wholly-owned subsidiary of Capricorn Investment Holdings Botswana. Capricorn Investment is in turn, majority owned by Namibia’s Capricorn Group, which also owns Bank Gaborone.

This week, Carlos Katsuya, IFC's senior country manager for Botswana, said the deal with Peo would help the micro-finance firm facilitate access to finance through digital channels to unserved and underserved individuals in Botswana while scaling up lending for agricultural or home improvement activities.