BPI Madagascar SME Fund

Promoter – Financial Intermediary

Business Partners International (Pty) Ltd (BPI)

Location

• Madagascar

Description

Investment in a fund aimed at providing equity and quasi-equity finance to SMEs in Madagascar. The fund, initiated by IFC and the Republic of South Africa SME financier, Business Partners, will complement its funding with business advisory services.

Objectives

The proposed operation offers an innovative and flexible range of risk bearing instruments to small entrepreneurs and will thus support the creation of jobs and help to improve the general economic outlook in Madagascar.

Comments

Financial Intermediation

Sector(s)

• Services

Proposed EIB finance (Approximate amount)

Approx EUR 2 million

Total cost (Approximate amount)

Approx EUR 8.5 million

Environmental aspects

Investments will comply with the environmental guidelines of the international funding institutions involved.

Procurement

In accordance with standard EIB procedures for investment funds.

Status

Signed - 13/02/2006