Cofina Mali

Subsidy : November 2021 - May 2022

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

Sub-Saharan Africa: Mali

Investment field

Financial Institutions

Activity

KK.64.191  Microfinance institution

Organisation

Cofina Mali

Domicile

Mali

More investments in

Cofina Mali

  • Debt € 3,000,000.00 (2021)

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.

View more of our investments in this region

Fefisol II

Investment Companies & Funds

Fefisol II

  350,000.00

  Burkina Faso, Côte d'Ivoire, Democratic Republic of Congo, Kenya, Mali, Niger, Uganda

  29/11/2022

  Subsidy

Phatisa Food Fund 2

Investment Companies & Funds

Phatisa Food Fund 2

  240,396.00

  Tanzania, Uganda, Zambia

  28/11/2022

  Subsidy

Compagnie Africaine de Crédit

Financial Institutions

Compagnie Africaine de Crédit

  19,789.00

  Côte d'Ivoire

  21/11/2022

  Subsidy

TIDE Africa II Fund

Investment Companies & Funds

TIDE Africa II Fund

  7,212,033.79

  Kenya, Nigeria

  01/11/2022

  Equity

KCB Kenya

Financial Institutions

KCB Kenya

  42,512.20

  Kenya

  27/10/2022

  Subsidy

Njeru Industries

Enterprises

Njeru Industries

  14,654.50

  Kenya

  19/10/2022

  Subsidy

Agroserv Industrie SA

Enterprises

Agroserv Industrie SA

  3,000,000.00

  Burkina Faso

  04/10/2022

  Debt

TIDE Africa II Fund

Investment Companies & Funds

TIDE Africa II Fund

  7,212,033.79

  Kenya, Nigeria

  29/09/2022

  Equity

Poa! Internet

Enterprises

Poa! Internet

  17,264.00

  Kenya

  08/09/2022

  Subsidy