Cofina Mali
BIO has granted EUR 4,185 of technical assistance to Cofina Mali, a microfinance institution in Mali.
Amount
€ 4,185.00
Type of investment
Subsidy
Beneficiary locations
Investment field
Financial Institutions
Activity
Cofina is a young pan-African mesofinance group. Following the 2019 investments into the Ivorian and the Senegalese subsidiaries, BIO has the opportunity to support Cofina Mali, which is less mature and is operating in a complex market with low financial inclusion.
Technical Assistance
This technical assistance is aimed at the social audit of Cofina Mali. This audit will enable the subsidiary to discover the framework of universal social performance management standards and integrate them into their operations.
Expected impact
The results of the SPI4 audit can not only be used as a social declaration, it can be used to improve their social performance management and the respect of their client protection principles as well, but also to engage with stakeholders and meet social reporting obligations.
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