Verdant Capital successfully raised approximately USD 10 million in debt financing for Madison Finance, a leading Zambian micro-SME and consumer lender, marking an important milestone in the international microfinance sector.

Target Overview

Madison Finance is a prominent micro, small, and medium-sized enterprise (micro-SME) and consumer lender based in Zambia. The company plays a crucial role in providing accessible financing solutions to underserved segments of the Zambian market, particularly benefiting local entrepreneurs and fostering economic growth. With a strong commitment to supporting the microfinance sector, Madison Finance is well-positioned to capitalize on emerging financial opportunities despite facing various macroeconomic challenges.

Industry Overview in Zambia

The microfinance industry in Zambia has evolved significantly over the past decade, becoming a key player in the national financial landscape. With a considerable portion of the population lacking access to traditional banking services, microfinance institutions (MFIs) like Madison Finance have filled this gap by offering tailored financial products that meet the specific needs of low-income individuals and small businesses.

Zambia's economy is primarily driven by its agricultural sector, which presents a unique opportunity for micro-lenders to invest in rural and peri-urban development. Furthermore, the go