Franchise Impact Solutions Facility (FISF) and Jibu announced the close of a near $2 million sale-leaseback financing vehicle. The vehicle will allow Jibu to reach more low-income communities across Sub-Saharan Africa.
Managed by Total Impact Capital, FISF is a blended finance facility that funds the expansion of social franchise business models with high impact. The sale-leaseback financing vehicle was capitalised by the U.S. International Development Finance Corporation (DFC), Aqua for All, Total Impact Capital, Bertzman Social Ventures and Jibu.
Jibu is a safe drinking water enterprise focused on maximising impact. Its business model is based on turnkey franchises that deliver purified and packaged drinking water.
Jibu will use the financing to reinvest in the growth of existing franchises and to launch new ones. This will support African entrepreneurs to build sustainable businesses that secure access to safe drinking water in underprivileged communities.
Read the press release here