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EUR 50 million signed with ProCredit Bank for small and medium-sized enterprises and green projects in Serbia

ProCredit Bank Serbia
Proparco has signed a new credit facility (EUR 50 million) with ProCredit Bank. This project will secure funding for the SME sector and green projects. For Proparco, this credit facility is its first operation in the banking sector in Serbia.
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Proparco invests in ARAF, the first-of-its-kind equity fund to drive climate adaptation for smallholder farmers across sub-Saharan Africa

ARAF
Proparco - through FISEA+, the AFD Group fund advised by Proparco – signed a USD 5 million investment in Acumen Resilient Agriculture Fund (ARAF). The fund invests in agri-startups in East and West Africa that help smallholder farmers adapt to climate change. This project is part of the French Choose Africa initiative and its Resilience component.
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Proparco partners with impact manager INCOFIN IM to invest in the rural Indian economy

Clientes d'Annapurna
Proparco and Incofin IM announce the successful first closing of the Incofin India Progress Fund (IPF) with over EUR 50 million of commitments. The fund will make private equity investments in the Indian agri food value chain and in financial inclusion for rural entrepreneurs in India. In addition to Proparco’s commitment the capital comes from a diverse set of private and institutional investors including Korys, CDC, the Belgian Investment Company for Developing Countries (BIO), the SDG Frontier Fund, the King Baudouin Foundation and several Belgian family offices.
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