Pezesha, the digital lending infrastructure for Small & Medium Businesses, has received a $500,000 technical assistance grant from the U.S. Government’s Development Finance Corporation.
This support will help Pezesha leverage data science, machine learning and other advanced computing technologies to further develop its credit scoring algorithm and risk management tools. These should help enhance its sustainable lending practices in Sub-Saharan Africa. This support will position Pezesha closer to a potential DFC debt investment in the coming months.
Commenting on this Hilda Moraa , CEO of Pezesha said, “This investment has come at the right time when we are looking to scale up our operations and impact more MSMEs across East Africa through our robust embedded finance platform. In order to achieve significant scale, we need to ensure portfolio quality, sustainable lending practices, and effective risk management strategies and this is where DFC’s support will come in handy.”
Pezesha is not the only firm that has been supported by the DFC. The institution has approved 22 transactions totaling more than $697 Million across priority Sectors in Q2 of FY2024. The priority sectors help advance development and impact across the globe through strengthening infrastructure, increasing food security, and supporting small businesses.
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