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INDIA: USD 75m to develop the microfinance activity of IndusInd Bank and support women entrepreneurs in rural areas

IBL Inde
Proparco has just signed a USD 75m loan with IndusInd Bank for its Microfinance Division. This financing will allow the bank to increase the number of microcredits allocated to women entrepreneurs in seven of the poorest States in India. It will thereby contribute to the development of women’s entrepreneurship.
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In India, Proparco increases its investment in LOK Capital’s third fund to support financial inclusion players and to help them face the Covid-19 crisis

Inde LOK
Through a new USD 5 million commitment to the LOK III fund, Proparco supports companies in the financial inclusion sector impacted by the Covid-19 crisis and helps them to reinforce access to credit for MSMEs and the most fragile populations in India.
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Proparco supports Microfinance Solidaire's commitment to financial inclusion and access to energy

Formation de Fansoto au Sénégal
Thanks to a €2 million loan granted by Proparco, Microfinance Solidaire will expand its support to some twenty microfinance institutions and social enterprises in Africa, Asia and Haiti. This operation illustrates Proparco's strong ambition to support the private sector in fragile countries, which is a priority of its new strategy.
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AFD Group reiterates its support for microfinance by renewing a €10M guarantee to the Foundation

Philipe Lissac – Fondation Grameen Crédit Agricole
Paris, December 13, 2020 - A guarantee of € 10 million has just been granted by the Agence Française de Développement (AFD) Group, represented by its subsidiary Proparco, to the Grameen Crédit Agricole Foundation. This funding will allow the Foundation to pursue its support to microfinance institutions in Sub-Saharan Africa. Proparco has also granted a new € 5 million loan to the Grameen Crédit Agricole Foundation, which will allow it to consolidate its support to its microfinance institutions partners in the exceptional context of the crisis linked to Covid-19.
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