Sasfin first to benefit from EU-FMO emergency facility

South African Bank Sasfin is the first to benefit from the COVID-19 emergency facility set in place by the EU and FMO’s NASIRA fund. 

The transaction concerns a seven-year $35 million facility, which will support Sasfin’s lending to COVID-19 affected borrowers in South Africa, and developing and originating new digital lending products, specifically targeting youth, female and migrant borrowers.