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BOA France: Reducing the costs of remittances between diasporas and countries of origin

Project

BOA France : réduire les coûts des transferts d’argent entre diasporas et pays d’origine
©Julien Lefilleur
Signature date
Location
Multi-country Africa
Financing tool
Financing amount (Euro)
1000000
Financing details
Equity investment of EUR 1m
Customer
BOA FRANCE SA
Type of customer
Financial institution
Project number
PFR1027

By becoming a shareholder of Bank of Africa France, Proparco is helping reduce the cost of remittances by African diasporas in France to their countries of origin. This is a specialty of BOA Group’s subsidiary.