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Projets 2020
RFF Alliance de Crédit et d’Epargne pour la Production (ACEP) : supporting the microfinance institution expand its lending operations in the rural finance and MSME space in Burkina Faso
Titre : RFF Alliance de Crédit et d’Epargne pour la Production (ACEP) : supporting the microfinance institution expand its lending operations in the rural finance and MSME space in Burkina Faso
Pays : Burkina Faso
Localisation : ACEP is headquartered in Ouagadougou, Burkina Faso. It has a network of 7 branches spread across the country, with 3 in Ouagadougou.
Actual Start Date : 2020-12-10
Identifiant IATI : XM-DAC-903-SII-40839
Présentation
The proposed project is an investment of up to US$4 million equivalent in XOF in the form of a 5-year senior loan to Alliance de Crédit et d’Epargne pour la Production (ACEP) Burkina, aiming at
supporting the microfinance institution expand its lending operations in the rural finance and MSME space in Burkina Faso. The project is part of the Phase I of IFC’s Rural Finance Facility (RFF), a platform program being developed by IFC and aiming to support financing of micro, small and medium enterprises (MSMEs) in rural areas, including agri-MSMEs, smallholder farmers (SHFs) and rural value chain operators in FCS and low-income IDA countries, in Africa and the Middle East. The RFF program will be implemented in 2 distinct phases : Phase I will identify and support partner financial institutions (“PFIs”) with an interest in rural finance, and Phase II will focus on supporting farmer cooperatives across multiple value chains to roll-out digitally-enabled finance through partner financial institutions.
Objectifs
* Project Outcomes
Stakeholders effects : improved access to finance for MSMEs, rural/agri MSMEs - in the context of bridging finance gap for MSMEs (incl. WMSMEs and agri-MSMEs located in rural areas) by deploying (i) its products and services and (ii) access to scarce medium- to long-term finance.
* Contribution to Market Creation
Inclusiveness : by demonstrating to other FIs the viability of product offerings and digital channels that meet the funding needs of rural and agri MSMEs in remote locations.
GENERAL
Page publiée le 3 août 2022