Pahal Financial Services Pvt. Ltd. (“Pahal”), a leading microfinance and MSME lender dedicated to providing financial inclusion to underserved communities in India, has successfully raised EUR 12.4MM (~INR 147Cr) in a round led by Proparco (115cr), the private sector financing subsidiary of the French Development Agency (AFD) along with existing investor, Gawa Capital (32cr). This investment will support Pahal’s mission to expand its outreach, strengthen its technology infrastructure, and enhance financial access for low-income households, particularly women entrepreneurs.

For the first time, Proparco has granted a 7.5 million euro loan to Serbian financial institution 3Bank, which specializes in financing small farmers and very small businesses in Serbia.

Proparco has provided a senior loan facility to Letshego Botswana (Letshego Financial Services Botswana) to the value of 15 million Euros. This funding partnership enables Letshego Botswana to extend the value of its inclusive finance strategy, increasing access and deepening the impact of its financial solutions to more Batswana, wherever they may be located.

AFD Group and Microfinance Solidaire (MFS) are strengthening their partnership, launched in 2016, through a new €2 million loan to support MFS's activity in favour of partner microfinance institutions and social enterprises.

Proparco has just granted a €400k loan to Rubyx through the Bridge by Digital Africa facility. This will enable the African start-up to roll out more rapidly its new algorithmic loan offering for start-ups and microfinance institutions on the continent.

Proparco is reiterating its support for Vitas Liban, following an initial operation in December 2020. This new partnership, in the form of a €2 million ARIZ TPE MINKA portfolio guarantee, aims to cover 80% of the loans granted by the microfinance institution.

Finafrica, a leading Pan-African provider of microfinance and insurance services and a subsidiary of Groupe Duval, announces a significant milestone in its growth journey with the entry of Proparco as a strategic investor, acquiring a 10% stake in the company.

Baobab Banque Madagascar has signed a €2 million portfolio guarantee with Proparco. The agreement enables Baobab Banque Madagascar to share the risks associated with its microfinance business. As a result, the bank will be able to step up its financial inclusion efforts among the micro-enterprises that provide a livelihood for the country's vulnerable urban populations.

The French Development Agency’s private sector financing arm, Proparco, today signed an agreement of 20 million USD to support Satya MicroCapital’s commitment to empowering women entrepreneurs in rural India through greater access to financing. The signing ceremony took place at the Embassy of France in New Delhi, in the presence of the new Ambassador-designate of France to India, H.E. Mr Thierry Mathou.

More than a year after granting an 8 million euro loan to Microinvest, Proparco reiterates its support for Moldova's leading microfinance institution, through a 10 million euro credit line that will benefit from the European Union's EFSD - MSME Platform Guarantee.