AFRICINVEST CAPITAL PARTNERS
Status: Completed investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
AfricInvest Financial Services (AFS) focuses on developing early stage financial institutions including banks and non-banking financial institutions. MicroCred Mali is one of the investees of AFS and will be the ultimate beneficiary of FMO's grant. Microcred Mali is a microfinance institution that aims to provide micro-, small- and medium-sized enterprises with financial services.
What is our funding objective?
Through AfricInvest, FMO's grant will support three specific areas of Microcred Mali's business: operations, product development and the improvement of a Management Information System.
Why do we fund this investment?
FMO strongly supports institutions such as AfricInvest Financial Services, which provide much needed finance and knowledge to microfinance institutions like Microcred Mali. This capacity development project will support Microcred Mali in improving its service provision and continuing to contribute to economic development.
- Region
- Africa
- Country
- Mali
- Sector
- Infrastructure, Manufacturing and Services
- Effective date
- 5/6/2014
- End date
- 2/16/2017
- Total FMO financing
- EUR 0.10 MLN
- Funding
- MASSIF
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Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - C