PROJECT

Projects

Summary of Advisory Services Project Information

Project Number

600457

Primary Business Area

Financial Institutions Group

Disclosure Date

Mar 8, 2016

Country

Mali

Region

Africa

IFC Approval Date

Apr 10, 2015

Status

Completed

Estimated Total Budget

$880,000.00
(Project budget includes all project-funded activities)

Last Updated Date

Mar 8, 2022

Project Estimated End Date

Dec 31, 2018

Project Description

The project will assist MicroCred Mali, a greenfield microfinance institution, in its micro and SME lending operations by providing advisory services. The microfinance bank will be supported by MicroCred Holding, a microfinance holding company and IFC investee, as a technical partner. Specifically, the project will assist MicroCred Mali, through a performance-based grant, in sponsoring key management positions, providing technical trainings to managers and loan officers.

Development Results

E&S Risks / Impacts and Mitigation