MAMOUNATA, BÉNÉFICIAIRE YIKRI AU

BURMA | | | MULTI-COUNTRY

Supporting financial inclusion and tackling energy poverty in Cambodia, Haiti and

Entrepreneurs du Monde

Proparco is supporting the development of the lending activity of Microfinance Solidaire to support financial inclusion and tackle energy poverty in Cambodia, Haiti and Myanmar.

PROJECT DESCRIPTION This project is part of The EUR 2m credit line allocated by Proparco will support the the 2X Challenge development of the lending activity of Microfinance Solidaire. initiative It is the second credit line provided to Microfinance Solidaire by AFD Group following an initial loan allocated by AFD in 2016. 19/01/2021 This project is part of the 2X Challenge initiative. This multi- Date of signature of the project stakeholder initiative aims to support projects that empower women as entrepreneurs, business leaders, employees and Microfinance consumers of products and services, and increase their sector(s) participation in the economy. Burma, Cambodia, Haiti, Multi- country Asia This initiative thus contributes to Sustainable Development Location Goal #5 (Gender Equality). Loan Financing tool CLIENT PRESENTATION 2 000 000 Euros Microfinance Solidaire was set up by the NGO Entrepreneurs du Amount of funding Monde in 2010 to meet the financing needs of the social EUR 2m loan enterprises it incubates. It currently supports some twenty Financing details microfinance institutions (MFIs) and social enterprises that work to provide access to energy in Sub-Saharan Africa, Asia MICROFINANCE SOLIDAIRE and Haiti, mainly in fragile countries suffering from a low level Client of financial inclusion and considerable energy poverty. C

PROJECT IMPACT CES

Ces informations sont données The main expected impacts of this project are as follows: au moment de la signature et On the economic and social front, the project will support ne préjugent pas de l’évolution financial inclusion by providing some 5,800 people with de l’opération/projet. access to microfinance products by 2025. It will also contribute to reducing energy poverty and providing jobs for local people, with some 2,200 indirect jobs supported by 2025. Finally, as 85% of the clients of the MFIs incubated by MFS are women, the project should contribute to reducing gender inequalities. This means that the operation qualifies for the 2X Challenge initiative. On the climate front, the solutions for access to energy proposed by the companies in the portfolio of MFS should reduce greenhouse gas emissions. This project will thereby contribute to SDGs n°1 (End poverty), 5 (Gender equality), 7 (Affordable and clean energy), 8 (Decent work and economic growth) and 10 (Reduce inequalities).