Release date: 9 October 2020
Promoter – Financial Intermediary
ALTERFIN CV,SOLIDARITE INTERNATIONALE POUR LE DEVELOPPEMENT ET L'INVESTISSEMENT SCA
Equity participation in a successor microfinance investment fund operating throughout Africa with the objective of providing debt to rural microfinance institutions (MFIs) and small agricultural entities
The EIB's investment in the FEFISOL II fund will support MFIs and agricultural producer organisations in Africa. In line with the first fund FEFISOL I, FEFISOL II seeks to improve access to finance in Africa by financing and supporting MFIs in rural areas. In addition, the fund plans to finance producer organisations supporting farmers who represent an important segment of the working poor. Via both target groups, FEFISOL II will contribute to social and economic development in rural Africa.
- Services - Financial and insurance activities
Proposed EIB finance (Approximate amount)
EUR 5 million
Total cost (Approximate amount)
EUR 35 million
By supporting the implementation of socially and environmentally sustainable practices, FEFISOL II aims at improving living standards, reducing inequalities and achieving sustainable development.
Approved - 17/06/2021
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).