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China: Proparco signs two new projects to support women microentrepreneurs in rural areas and finance electric trucks

CD Finance
PROPARCO has just signed two new loans in China. The first USD 20m loan has been allocated to CD Finance, China’s main microfinance institution in rural areas. It will be exclusively earmarked for access to microcredits for women microentrepreneurs in Gansu Province. The second USD 10m loan will finance Lionbridge’s green leasing program for electric trucks.
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Proparco and Bpifrance launch Averroès Africa, their new fund of funds to promote the development of the private equity industry in Africa

Une entrepreneuse zambienne
Bpifrance and Proparco have announced the first closing of Averroès Africa, their fourth private equity fund of funds for Africa. With a target size of EUR 100m, Averroès Africa will invest in African funds dedicated to start-ups and small and medium-sized enterprises in order to continue to support private sector development, employment and innovation on the continent.
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