Through their ARIZ guarantee mechanism, Proparco and AFD will help ASISA Enterprise and Supplier Development Fund further support small businesses with a clear social and/or environmental purpose.
PROPARCO has just signed its first operation on the Cape Verde archipelago, with the local bank BCN. The ARIZ portfolio guarantee will allow the Cape Verde bank to increase its financing for microenterprises and SMEs in the country. This partnership confirms AFD Group’s continued support to the development of Cape Verde.
Proparco and the Green Climate Fund (GCF) recently signed an Accreditation Master Agreement, which enables Proparco to mobilise GCF resources in order to finance projects tackling climate change.