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Proparco supports BRAC International Microfinance’s capital markets programme

tanzanie microfinance proparco BRAC
The international arm of one of the world’s largest development organisations, BRAC, has launched a capital markets debt programme that will secure financing for its microfinance operations for the coming decade. Proparco, with a 25 million dollars facility, have participated to the launch of the programme alongside Global Partnerships.
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Proparco and SIPEM Banque strengthen their partnership in favor of Malagasy MSMEs

façade de l'immeuble de Sipem Banque
After the granting of a portfolio guarantee in May 2019, Proparco renews its support to SIPEM BANQUE MADAGASCAR with a guarantee of 9.2 billion ariary (2 million euros). Set up thanks to the resources made available by the French government, this Choose Africa Resilience ARIZ for SMEs guarantee will allow SIPEM to continue supporting micro-entrepreneurs and very small businesses in the context of a global pandemic.
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Agence Française de Développement Group and the ILO join hands to provide access to inclusive insurance for the most vulnerable

Ramasseurs de fleurs
Agence Française de Développement (AFD) and its subsidiary PROPARCO have recently signed two new projects in partnership with the International Labour Organization (ILO), which is recognized for its expertise in inclusive insurance.
AFD has allocated a €2.5 million grant to the ILO to implement risk management solutions for small enterprises and low-income households in Africa. The project will explore the potential for public-private partnerships, between governments and the financial sector, to achieve social and development impact. PROPARCO, for its part, has signed a €900,000 technical assistance grant to the Grameen Crédit Agricole Foundation to develop a risk management programme with microfinance institutions, with the ILO’s support, to facilitate access to insurance products for rural communities.
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