MicroCred

Promoter – Financial Intermediary

MicroCred
Attn.: Mr Arnaud Ventura, Managing Director & CEO
13 rue Dieumegard
93400 Saint-Ouen
France

Location

• Regional - Africa

Description

Equity investment in a regional fund incorporated in France dedicated to the creation and acquisition of commercially sustainable microfinance institutions (MFIs).

Objectives

Achieving a commercially acceptable return in the microfinance area and a social return through the deployment of equity or convertible debt to new or existing MFIs in developing countries.

Comments

Financial sector

Sector(s)

• Services

Proposed EIB finance (Approximate amount)

Up to EUR 3 million from ACP-Investment Facility resources

Total cost (Approximate amount)

Not applicable.

Environmental aspects

Investee companies to meet the Bank’s environmental standards to be monitored by the Fund Manager.

Procurement

Not applicable.

Status

Signed - 2/03/2007