ACEP Group

Subsidy : October 2021 - April 2022

BIO has granted EUR 12,500 of Technical Assistance to ACEP Group, a network of MFIs present in five African countries.

Amount

€ 12,500.00

Type of investment

Subsidy

Beneficiary locations

Sub-Saharan Africa: Burkina Faso

Investment field

Financial Institutions

Activity

KK.64.191 Microfinance institution

Organisation

ACEP Group

Website

https://groupacep.com/

Domicile

Madagascar

More investments in

ACEP Group

Subsidy € 4,824.00 (2023)
Subsidy € 14,000.00 (2021-2022)
Subsidy € 30,900.00 (2018-2019)
Equity € 4,100,000.00 (2019)
Subsidy € 67,512.00 (2019-2020)

The ACEP network (Agency for Private Enterprise Credit) was initiated in 1989 in Senegal, and has successfully developed to Madagascar, Cameroon, Burkina Faso and Niger.

Technical Assistance

The technical assistance supports the digital transformation of ACEP institutions and aims to ensure that the Core Banking System (CBS) selected by the institution is adapted to the needs of the group and its subsidiaries.

Development impact

Deployment of an adapted CBS in the 4 subsidiaries of the ACEP group. Improving data and security of data and transactions, and the efficiency of the implementation of processes of the institutions.