PROJECT

Projects

Summary of Proposed Investment

Project Number

25436

Company Name

Baobab Banque Madagascar

Date SPI Disclosed

Mar 16, 2007

Country

Madagascar

Industry

Financial Markets

Projected Board Date

Apr 19, 2007

Status

Completed

Sector

Microfinance and Small Business - Non Commercial Banking

Department

Regional Industry - FIG ME & Africa

Environmental Category

FI

Previous Events

Approved : Apr 19, 2007
Signed : May 25, 2007
Invested : Sep 20, 2007

Project Description

MicroCred Madagascar is a greenfield microfinance institution (MFI). It will propose a range of products from micro-loans for micro-enterprises to loans for small and medium-sized enterprises (SMEs). It will target local urban entrepreneurs with limited access to formal financial services in Madagascar. It will focus its activities in the major cities of Madagascar.

MicroCred Madagascar will be managed by local and international staff with prior experience in micro and small business lending. It will also be supported by technical assistance from MicroCred S.A. (MicroCred Holding).

Sponsor / Cost / Location

Development Impact