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Sofala Capital

IATI Identifier: KE-RCO-155081-Sofala

Published on IATI
  • date_range Jun 30, 2018 - Jan 30, 2023
  • autorenew Finalisation (Status)

• Sofala Capital is a holding company that seeds and builds lending businesses focusing on affordable housing, with current operations of its investee companies in South Africa and Zambia. • IBuild Home Loans provides micro-building mortgages to low-income South African homeowners who want to extend their homes to earn rental income, using in-house mechanisms to mitigate risks. • ZHL is the first building finance mortgage lender in Zambia licensed as a NBFI (non-bank financial institution), targeting mostly building projects that are partially completed.

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Sectors:

  • Low-cost housing

Participating Organisations

Sofala Capital Private Sector Implementing
IBuild Home Loans (IBHL) Private Sector Implementing
Zambia Home Loans (ZHL) Private Sector Implementing

Transaction

Transaction Value Provider
Receiver 		Type Date

Budget

1,625,620 USD
  • 850,000 GBP (Valued at Jun 30, 2018)
    date_range Jun 30, 2018 - Jun 29, 2019
  • 380,952 GBP (Valued at Jun 30, 2018)
    date_range Jun 30, 2018 - Jun 29, 2019
access_time Updated on Apr 27, 2023 11:56:48