IFC ready to lend $47.5m for Baobab microfinance expansion
The French microfinance group Baobab, led since 2019 by Philip Sigwart, will receive a senior loan facility in local currency (CFA francs). The facility will benefit six subsidiaries in Senegal, the Democratic Republic of Congo, Burkina Faso, Mali, Madagascar and Côte d’Ivoire.
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▪ IFC ready to lend $47.5m for Baobab microfinance expansion
▪ The French microfinance group Baobab, led since 2019 by Philip Sigwart, will receive a senior loan facility in local currency (CFA francs). The facility will benefit six subsidiaries in Senegal, the Democratic Republic of Congo, Burkina Faso, Mali, Madagascar and Côte d’Ivoire.
▪ https://www.africabusinessplus.com/en/815752/ifc-ready-to-lend-47-5m-for-baobab-microfinance-expansion/
The loans will have a maximum maturity of 60 months with a 12-month grace period and could total up to $47.5 million.
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