Baobab MicroCred LCY multi-country facility

The proposed project consists of a multi-currency facility of an aggregate amount of US$21.1 million equivalent to six African affiliates of the Baobab Group, one of the leading global microfinance networks with operations in nine African countries and China. The program includes support to the following subsidiaries, for on-lending to micro, small and medium enterprises (MSMEs): Senegal, Cote d’Ivoire, Madagascar, Nigeria, Burkina Faso and Democratic Republic of Congo.