ACEP Burkina SA
Status: Completed investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
In case of questions, please contact us at disclosure@fmo.nl
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?
The EUR 3 mln loan facility to ACEP BF will support on-lending to MSMEs in one of the Least Developed Countries, hence aligning with FMO’s strategic goal of Reducing Inequalities for the entire amount of the facility.
Why do we fund this investment?
The transaction is a new client for FMO and will also be the first FI-AF loan in Burkina Faso, it fits with FI-AF's strategy to reinforce its presence in francophone Africa. In Burkina Faso today, one of the poorest countries in the world (HDI ranks 183th out of 188), roughly 45 persons out of 100 live below the poverty line. Hundred (100) per cent of ACEP Burkina Faso’s portfolio is dedicated to MSME funding, our loan will thereby drive financial inclusion, a critical factor in reducing poverty and achieving inclusive economic growth. On top of that, ACEP Burkina Faso belongs to the newly founded ACEP Group, a small French microfinance network which currently has operations in 5 countries and is looking to carefully expand its network further. FMO is willing to build a long-term relationship with the Group as a whole.
What is the Environmental and Social categorization rationale?
ACEP BF is classified as Cat. C. Deal team has identified no high-risk exposures in the loan portfolio of the client. ACEP BF is a Smart Campaign endorser and regularly performs the SPI4-Cerise audit.
More investments
| Date | Total FMO financing |
|---|---|
| 7/28/2023 | EUR 0.03 MLN |
- Region
- Africa
- Country
- Burkina Faso
- Sector
- Financial Institutions
- Publication date
- 1/23/2020
- Effective date
- 7/9/2020
- End date
- 8/21/2023
- Total FMO financing
- EUR 3.00 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