Burkina Fasso
Financement octroyé
Loan of €3 048 980
(equivalent in local currency)
Foundation partner
Since 2022
Partner website
Contexte :
Burkina Faso is a low-income Sahelian country with limited natural resources. Its economy is based on agriculture, but gold exports are on the rise. Over 40% of the population lives below the poverty line.
L’entreprise :
Baobab Group (formerly MicroCred) is an organization that develops and markets financial products and services such as credit, savings, insurance, and money transfer products. It mainly targets population groups that do not have access to the traditional financial sector, in particular micro and small entrepreneurs. Its activity is used in Africa and China.
Impact :
Baobab BF’s ambition is to be a major player in financial inclusion by offering ever simpler and more accessible financial services to women and fragile communities in rural areas in a constantly evolving financial sector.