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MicroCred Côte d’Ivoire

Summary sheet

Release date
13 April 2010
Status
Reference
Under appraisal | 13/04/2010
20090071
Project name
Promoter - financial intermediary
MicroCred Côte d’Ivoire

MicroCred
Mr Arnaud Ventura, Chairman of the Executive Board
13 rue Dieumegard
93400 Saint-Ouen

France

Proposed EIB finance (Approximate amount)
Total cost (Approximate amount)
Up to EUR 3.2 million (equity participation and technical assistance).
Up to EUR 11 million (capitalisation) and EUR 2.5 million (technical assistance).
Location
Sector(s)
Description
Objectives

Creation of a commercial microfinance institution in Côte d’Ivoire.

  • To improve access to financial services for micro-entrepreneurs and individuals without bank accounts in Côte d’Ivoire;
  • To develop microfinance activity that is commercially viable and thus sustainable.

Environmental aspects
Procurement

The financial institution will undertake to deploy a system of managing the social and environmental aspects in accordance with the Bank's requirements.

Not applicable.

Link to source
Summary sheet
MicroCred Côte d’Ivoire

Disclaimer

Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The information and data provided on this page are therefore indicative.
They are provided for transparency purposes only and cannot be considered to represent official EIB policy (see also the Explanatory notes).

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Enquiries and comments concerning the EIB’s involvement in a project or the financing facilities, activities, organisation and objectives of the EIB, can be sent to the EIB Infodesk.
Alternatively, the EIB can be contacted through its external offices.
Queries regarding details of a specific project, in particular when it is under appraisal by the EIB, should preferably be addressed directly to project promoters.

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Zero tolerance against fraud and corruption

The EIB has a zero tolerance policy on fraud or corruption. To report allegations of fraud and corruption relating to EIB-financed projects, please contact the Investigations Division. All reports will be treated as strictly confidential and handled in line with EIB investigation procedures and the EIB Group Anti-Fraud Policy.

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