Africa Innovation Fund Pool

Overview

The Africa Innovation Fund Pool provides Liquidity Providers (LPs) with exposure to a variety of borrowers across Africa. LPs who provide capital into this pool are seeking diversified exposure across various borrower profiles.

Variable USDC APY:9.93%
Variable SCL APY:0.00%
Loan term:Open-ended

Liquidity

The current utilization rate is 100%. Therefore, not all withdrawals can be processed at this time. As borrowers make interest and principal payments, withdrawals will be processed according to the withdrawal queue.

Details

Total pool assets

$48,484,716.93

Utilization rate

100.00%

Total loss rate

14.55%

Next repayment

Oct 22, 2024

Highlights

The Africa Innovation Fund Pool gives Liquidity Providers exposure to a variety of borrowers across Africa. These borrowers span multiple sectors, including asset financing, SME loans, and consumer loans, intended to serve investors in search of diversified yield generated through real-world economic activity.

Protected by first-loss capital

All deals protected by 20-25% first-loss capital bar one legacy investment.

Secured

Overcollateralized with real-world off-chain assets.

Ongoing monitoring

Borrowers are required to provide quarterly reporting in secure datarooms.