ACEP Burkina SA
Status: Approved investmentWhy disclosure?
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Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Alliance de Credit et d'Epargne pour la Production (“ACEP”) Burkina Faso (“BF”) is a young microfinance institution providing financial products and services customised for mainly micro-entrepreneurs and SMEs whose needs are not covered by commercial banks given their informal nature.
What is our funding objective?
This project seeks to provide an external expert to support ACEP’s business continuity during its CBS migration process and advance the creation of a shared technological structure within the institution.
Why do we fund this investment?
Whilst updating the Core Banking System is a critical activity for any financial institution, it is even more important for ACEP, as the ambition is not only to migrate to a new CBS, but to take this opportunity to respond to the ever-changing market and offer a more efficient service to their clients. The project fits MASSIF’s mandate to invest in LDCs and its investment criteria as ACEP focuses on micro and rural customers.
More investments
| Date | Total FMO financing |
|---|---|
| 8/21/2023 | EUR 3.00 MLN |
- Region
- Africa
- Country
- Burkina Faso
- Sector
- Financial Institutions
- Publication date
- 8/8/2023
- Effective date
- 7/28/2023
- Total FMO financing
- EUR 0.03 MLN
- Funding
- MASSIF
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - C