COMPAGNIE FINANCIERE AFRICAINE SENE (FMO-56511)

Countries
  • Senegal
Where the impacts of the investment may be experienced.
Financial Institutions
  • Netherlands Development Finance Company (FMO)
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
Project Status
Active
Bank Risk Rating
U
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Voting Date
Apr 3, 2020
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
Borrower
COFINA Senegal
The holder of the loan, grant, or other investment.
Sectors
  • Finance
The service or industry focus of the investment. A project can have several sectors.
Investment Amount (USD)
$ 2.50 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.
Bank Documents
Primary Source

Original disclosure @ FMO website

Updated in EWS Jul 23, 2020


Contribute Information
Can you contribute information about this project?
Contact the EWS Team

Project Description

The loan facility to COFINA Senegal will support on-lending to women-owned MSMEs, youth and/or rural clients, which is fully aligned with FMO’s strategic goal of Reducing Inequalities. COFINA Senegal is a young microfinance institution providing financial products and services customised for MSMEs whose needs are too large for smaller MFIs and whose structure is too informal or risky for commercial banks; thereby targeting the “missing-middle”.

Investment Description
  • Netherlands Development Finance Company (FMO)
Contact Information

No contact information provided at the time of disclosure