Compagnie Africaine de Crédit

Debt : March 2019

As part of a larger transaction of € 12 M, BIO has given a 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

Domicile

Ivory Coast

More investments in

Compagnie Africaine de Crédit

  • Subsidy € 19,789.00 (2022)
  • Subsidy € 4,200.00 (2019-2019)
  • 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.

Read impact and news about this project

Investments are all about trust

Impact Story

Investments are all about trust

22-03-2021

BIO has granted loans and technical assistance to Cofina Senegal and Cofina Ivory Coast, members of Cofina Groupe, a young Pan-African mesofinance group.

Hervé-Serge Ndakpri is the Group CFO. This is his story.

Read more

View more of our investments in this region

TowerCo of Africa

Infrastructure

TowerCo of Africa

12,000,000.00

  Uganda

  09/01/2024

  Debt

SIMA Commercial & Industrial Solar Green Bond

Infrastructure

SIMA Commercial & Industrial Solar Green Bond

10,000,000.00

  Kenya, Nigeria, South Africa

  29/12/2023

  Debt

ACEP Group

Financial Institutions

ACEP Group

 4,824.00

  Niger

  28/11/2023

  Subsidy

Alterfin

Investment Companies & Funds

Alterfin

5,000,000.00

  23/10/2023

  Debt

EA Foods Ltd

Enterprises

EA Foods Ltd

 10,448.00

  Tanzania

  09/10/2023

  Subsidy

Poa! Internet

Enterprises

Poa! Internet

13,543.00

  Kenya

  24/08/2023

  Subsidy

Gebana Burkina Faso

Enterprises

Gebana Burkina Faso

 3,000,000.00

  Burkina Faso

  20/07/2023

  Debt

ASA Tanzania

Financial Institutions

ASA Tanzania

7,000,000.00

  Tanzania

  19/07/2023

  Debt

Alterfin

Investment Companies & Funds

Alterfin

 21,500.00

  11/07/2023

  Subsidy