Compagnie Africaine de Crédit

Debt of March 2019

As part of a larger transaction of € 12 M, BIO has given a subordinated loan of € 3 M to the Compagnie Africaine de Crédit, also known as Cofina Côte d'Ivoire.

Amount

€ 3,000,000.00

Type of investment

Debt

Development impacts

  • Local economic growth
  • Private sector consolidation/innovation
  • Financial inclusion

Beneficiary locations

Sub-Saharan Africa: Côte d'Ivoire

Investment field

Financial Institutions

Activity

Microfinance Institution

Organisation

Compagnie Africaine de Crédit

More investments in

Compagnie Africaine de Crédit

  • Subsidy € 4,200.00 (2019)
  • Debt € 3,000,000.00 (2019)

Cofina is a young pan-African mesofinance group. BIO's transaction consists in providing EUR 12m of long term debt to its most mature entities, being in Senegal and Ivory Coast to support the growth of their MSME portfolio.

Compagnie Africaine de Crédit

Cofina started its activities in 2014 and is now one of the leading MFIs in 4 of its 6 countries. Cofina was initially focusing its activities on income generating loans and guarantees to unbanked MSMEs. In 2016, it started to deploy retail activities providing current accounts, savings accounts, notes, bank cards, online transfer services, insurance products to its clients who were usually excluded from formal financial services.

Cofina is still a young pan-African mesofinance group in deployment phase. However, its unique business model, innovative products, entrepreneurial mindset, agility, understanding of its market, and the level of professionalism of its top management make of Cofina a major MFI disruptor.

Development impacts

  • Local economic growth

    Financing Cofina will improve local MSME financing while their contribution is vital;

    Direct and indirect job creation (average 47% increase in staff costs within next 2y)

  • Private sector consolidation/innovation

    COFINA provides a broad offer of innovative and efficient financial services

  • Financial inclusion

    By extending the offer of financial products available to MSMEs, BIO’s financing participates to financial inclusion;

    Cofina helps MSMEs to move towards more formalisation.

View more of our investments in this region

Beyond the Grid Solar Fund

Investment Companies & Funds

Beyond the Grid Solar Fund

  4,175,007.50

  Burkina Faso, Côte d'Ivoire, Ghana, Kenya, Nigeria, Rwanda, Tanzania, Uganda

  26/10/2017

  Debt

Azito Energie

Infrastructure

Azito Energie

  15,000,000.00

  Côte d'Ivoire

  19/07/2019

  Debt

Adenia Capital IV LP

Investment Companies & Funds

Adenia Capital IV LP

  9,000,000.00

  Côte d'Ivoire, Ghana, Madagascar

  01/11/2016

  Equity

Compagnie Africaine de Crédit

Financial Institutions

Compagnie Africaine de Crédit

  4,200.00

  Côte d'Ivoire

  28/01/2019

  Subsidy

Azito Energie

Infrastructure

Azito Energie

  17,760,600.00

  Côte d'Ivoire

  18/10/2012

  Debt

Enko Education

Enterprises

Enko Education

  2,000,000.00

  Burkina Faso, Cameroon, Côte d'Ivoire, Mali, Mozambique, Senegal, South Africa

  20/09/2018

  Debt

Adenia Capital III

Investment Companies & Funds

Adenia Capital III

  5,000,000.00

  Côte d'Ivoire, Ghana, Madagascar

  28/02/2012

  Equity

Adenia Capital III

Investment Companies & Funds

Adenia Capital III

  100,000.00

  Côte d'Ivoire, Ghana, Madagascar

  19/05/2016

  Subsidy

Adenia Capital III

Investment Companies & Funds

Adenia Capital III

  150,000.00

  Côte d'Ivoire, Ghana, Madagascar

  28/09/2012

  Subsidy

Compagnie Africaine de Crédit

Financial Institutions

Cofina Ivory Coast

  3,000,000.00

  Côte d'Ivoire

  15/03/2019

  Debt