Baobab+, a French energy and technology company active in six African countries, recently partnered with TradeLenda, a Nigerian financial services company serving small and medium-sized enterprises (SMEs), to expand lending to SMEs to buy solar generators, freezers and refrigerators. SMEs will be able to
Tag: Baobab Group
MICROCAPITAL BRIEF: Baobab+ Borrows $1.3m from Oikocredit to Boost Household Access to Technology, Solar Energy in Rural Côte d’Ivoire
The Ivorian unit of the France-based renewable energy company Baobab+ recently borrowed EUR 1.2 million (USD 1.3 million) from Dutch cooperative investor Oikocredit. Baobab+ is active in six African countries, primarily selling
MICROCAPITAL BRIEF: Grameen Credit Agricole Foundation Loans $815k to Baobab DRC for Microfinance in Democratic Republic of Congo
The Grameen Credit Agricole (GCA) Foundation, whose head office is in Luxembourg, has informed MicroCapital that it lent EUR 716,000 (USD 815,000) to Baobab DRC, a microfinance institution (MFI) operating in the Democratic Republic of Congo (DRC). The MFI is affiliated with Baobab, a France-based firm offering financial services in 10 countries. Baobab DRC
MICROCAPITAL BRIEF: ADB Lending $20m in Local Currency to MicroCred to Support MSMEs in Western China
The Asian Development Bank (ADB) recently agreed to loan the equivalent of USD 20 million to MicroCred China, a unit of the France-based Baobab Group, to support micro-, small and medium-sized enterprises (MSMEs). The money is intended to