Aquila Leasing
In Nigeria, like in most African countries, leasing companies start to play a vital role in the expansion of financial markets and SMEs. Aquila Leasing is one of the few sizeable and well-established leasing companies in the country.
Amount
€ 3,828,000.00
Type of investment
Debt
Development impacts
- Local economic growth
- Financial inclusion
Beneficiary locations
Investment field
Financial Institutions
Activity
Leasing
Aquila's core business consists of financial leasing targeting SMEs and consumers (individuals, professionals, traders/craftsmen) in specific sectors for which Aquila developed a particular marketing positioning. In addition, Aquila provides short term working capital financing (less than one year) to SMEs and private professionals.
Aquila Capital started its operations mid-2005 as a non-bank financial institution providing financial leasing solutions and asset management services to SMEs and individuals.
BIOs long term debt financing (USD 5 million) will help Aquila Leasing in reaching a critical size and becoming the new leader in the market, thus improving confidence from local banks and local private investors. This way the company will be able to attain easier access to capital markets and bank financing at more attractive conditions.
Development impacts
- Local economic growth
- Financial inclusion
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