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By allocating a Choose Africa Resilience guarantee to the microfinance institution AB Bank Zambia, Proparco is contributing to financial inclusion in the country.
Client presentation

AB Bank Zambia (ABZ) is a Zambian microfinance institution set up by Access Holding in 2011. It provides small loans to microentrepreneurs and SMEs via a network of seven branches. 

Project description

The EUR 1m guarantee allocated to ABZ by Proparco will cover the liquidity requirements of microenterprises and small businesses in Zambia. This guarantee has been made possible by the resources provided to AFD Group by the French Government under the Choose Africa Resilience initiative, which aims to support MSMEs in Africa affected by the Covid-19 crisis.

Project impact

The guarantee allocated by Proparco will specifically support and assist clients with their growth dynamics and create jobs.

11/15/2021
Date of signature of the project
Sectors
Zambia
Location
Financing tool
1 000 000 Euros
Amount of funding
ZMW 22,845,070 guarantee
Financing details
AB BANK Zambia
Client