Made for Mauritian founders and investorsUpdated for Budget 2026-2027

At a glance

Provider
Other
Type
Equity
What you get
Growth capital of Rs 500,000 to Rs 25 million for a stake in your company, no loan and no interest
Status
Verified

The SME Equity Fund Ltd, jointly owned by the State Investment Corporation, the Development Bank of Mauritius and commercial banks, invests Rs 500,000 to Rs 25 million in your company as equity or quasi-equity. It takes up to 49% of the shares, so you always keep control. This is growth capital, not a loan: there is no interest and no monthly repayment, and the fund exits later through a share buy-back.

The SME Equity Fund is a joint investment vehicle owned by the State Investment Corporation, the Development Bank of Mauritius and the main commercial banks. Instead of lending you money, it buys a share of your company and puts real growth capital on your balance sheet. You get a serious institutional partner behind you, not another creditor chasing monthly repayments.

The fund invests from Rs 500,000 to Rs 25 million per company, as equity or quasi-equity. It can take up to 49% of your shares, so you always keep control with at least 51%. There is no interest, no collateral and nothing to repay each month, and the fund exits later through a share buy-back that lets you recover full ownership of your company.

It is open to Mauritian-owned SMEs, citizens and residents, that need financing to grow. You need a real trading business or a solid, well-documented project, proper accounts, and the willingness to take on an institutional minority shareholder who will look closely at your numbers.

Start at smeequityfund.mu/our-offers to see the current offers, then contact the fund with your business plan and financial statements. The team appraises the business, agrees a valuation and the size of the stake, and the money is disbursed once the shareholder agreement is signed.

Watch out for this

Watch out for what selling equity really means: the fund becomes a shareholder, so expect governance conditions, regular reporting and a say in big decisions. Get advice on the valuation and on the buy-back terms before you sign, because the price at which you buy your shares back later matters as much as the money you receive today.

Who's eligible

  • Open to Mauritian citizens and residents.
  • Intended for businesses seeking financing.

How to apply

Review the offers at smeequityfund.mu/our-offers, then contact the SME Equity Fund with your business plan and latest financial statements. The fund appraises the business, agrees the valuation and the size of the stake, and disburses once the shareholder agreement is signed.

VerifiedSource ↗Verified 2026-06-30

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