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Proparco has allocated a portfolio guarantee to BNI Madagascar to cover loans to SMEs affected by the Covid-19 crisis.
Client presentation

BNI Madagascar was a subsidiary of Crédit Agricole until 2014. It has the 2nd largest banking network in Madagascar with 97 branches nationwide.

Project description

The portfolio guarantee allocated by PROPARCO will allow BNI to offer loans with an 80% guarantee from AFD Group to SMEs weakened by the Covid-19 crisis. This supply of loans with an 80% guarantee from AFD Group, made possible through support from the French State, is part of the Resilience component of the French Choose Africa initiative.

Project impact

The guarantee will cover an SME loan portfolio for a total of up to EUR 2.5m.

04/29/2021
Date of signature of the project
Madagascar
Location
Financing tool
2 000 000 Euros
Amount of funding
MGA 9bn guarantee
Financing details
BNI MADAGASCAR
Client