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.
19/05/2023 at 15h15, by Christelle Marot
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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