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.
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.
The guarantee allocated by Proparco will specifically support and assist clients with their growth dynamics and create jobs.
This information is given at the time of signature, without prejudice to any developments in the operation/project