The project aims at supporting the growth of MicroCred Cote d'Ivoire, a successful early-stage microfinance institution incorporated in Cote d'Ivoire in October 2010. The company, sponsored by MicroCred Holding, a leading network of seven microfinance institutions in China and Africa, expects to expand its reach both in Abidjan and Bouake. The expected impacts of the project are; a) Access to finance for micro, small and medium enterprises; b) help create a standard-bearer for the poorly performing microfinance sector in Cote d'Ivoire - expected to demonstrate that commercial MFIs subject to unfavorable regulation in a post-conflict environment can be sustainable c) reshape local banks' perception of the viability of MFIs, potentially convincing hesitant lenders of the sustainability of institutions like MCCI.
MicroCred Cote d’Ivoire is a successful early-stage microfinance institution incorporated in Cote d’Ivoire in October 2010. Sponsored by MicroCred Holding, a leading network of seven microfinance institutions in China and Africa, the Company started its operations mid-2011, after the post-elections crisis of April 2011. MicroCred Cote d’Ivoire expects to expand its reach both in Abidjan and Bouake where its network already has a strong footprint, to new provinces, and to satisfy the currently unmet demand for longer term loans from small businesses. Registered as a Système Financier Décentralisé, the legal status associated with institutions providing financial services to underserved markets in the West African Economic and Monetary Union, MicroCred Cote d’Ivoire offers both credit and savings products to its clients.
MicroCred Cote d’Ivoire
BP 1664 Abidjan
Telephone : +225 22 41 13 45
Fax: +225 22 41 13 46
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