PROJECT

Projects

Summary of Investment Information

Project Number

39996

Company Name

BAOBAB SAS

Date SPI Disclosed

May 24, 2019

Country

Africa Region

Region

Africa

Projected Board Date

Jun 24, 2019

Environmental Category

FI-3 - No Impact

Status

Completed

Last Updated Date

Jul 6, 2024

Department

Regional Industry - FIG Africa

Industry

Financial Markets

Previous Events

Approved : Jun 27, 2019
Invested : Dec 26, 2019

Sector

Commercial Banking - Microfinance

Additional Project Attributes

Blended Finance

Project Description

The proposed project consists of a multi-currency facility of an aggregate amount of US$21.1 million equivalent to six African affiliates of the Baobab Group, one of the leading global microfinance networks with operations in nine African countries and China. The program includes support to the following subsidiaries, for on-lending to micro, small and medium enterprises (MSMEs): Senegal, Cote d’Ivoire, Madagascar, Nigeria, Burkina Faso and Democratic Republic of Congo.

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation