FinClub reaches a new milestone in alternative financing in Mauritius with the entry of Industrial Finance Corporation of Mauritius (Equity) Ltd as an institutional investor in SME loans. This institutional recognition reinforces the place of alternative financing in the Mauritian economic ecosystem.
The Industrial Finance Corporation of Mauritius (Equity) Ltd, formerly SME Equity Fund Ltd, will now be able to invest up to 10% of each SME loan offered on the FinClub platform, up to a limit of Rs 200,000 per transaction. This participation marks institutional recognition of the model developed by the Mauritian platform.
“This partnership marks an important milestone in SME financing in Mauritius. It shows that when processes are serious and transparent, institutional players can work with private platforms to support the real economy in a concrete and responsible way,” explains Sanjay Mungur, CEO and founder of FinClub.
At the close of the last quarter of 2025, FinClub had 13 active institutional lenders on its platform. This development is in line with the strategic orientations presented at the event dedicated to the Institutional Lending Program, held in November 2025, which brought together over a hundred professionals from the financial sector.
The company is observing growing interest in this asset class, perceived as a means of diversifying portfolios while contributing to the financing of Mauritius’ real economy. On the demand side, FinClub has recorded over Rs 2 billion in cumulative loan applications to the end of December 2025, reflecting the scale of alternative financing needs in Mauritius.
To better meet expectations, FinClub has increased the maximum repayment period to 60 months for personal and SME loans. The ceiling for personal loans has been raised to Rs 1 million, while that for SME loans has been increased from Rs 2.5 million to Rs 5 million, in order to support established companies in their cash-flow needs.
In the near future, the platform will be launching a secondary market enabling lenders to sell their stakes in current loans, within a transparent and regulated framework, for better management of their commitments and more immediate liquidity. These developments consolidate FinClub’s role as a key player in alternative financing in Mauritius!