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    Reference: 20200172
    Release date: 9 October 2020

    Promoter – Financial Intermediary

    ALTERFIN CV,SOLIDARITE INTERNATIONALE POUR LE DEVELOPPEMENT ET L'INVESTISSEMENT SCA

    Location

    Description

    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

    Objectives

    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.

    Sector(s)

    • Services - Financial and insurance activities

    Proposed EIB finance (Approximate amount)

    EUR 5 million

    Total cost (Approximate amount)

    EUR 35 million

    Environmental aspects

    By supporting the implementation of socially and environmentally sustainable practices, FEFISOL II aims at improving living standards, reducing inequalities and achieving sustainable development.

    Procurement

    N/A

    Status

    Approved - 17/06/2021

    Disclaimer

    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).

    Related tags

    ACP States Services