Fin'Elle

PENDING CONTRACTING: the investment proposal has received final approval and now is entering into the contracting phase. The information as disclosed is thus indicative and provides a basis for general informational purposes only. It should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing, prior to final decision. This proposed investment is online for 30 days. In case of questions, please contact us at info@edfimc.eu

Investment name: Fin’Elle

Publication date: 11 May 2021

Region: Sub Saharan Africa

Country: Côte d’Ivoire

Sector: Renewable Energy, Energy Efficiency

Website: http://www.fin-elle.com/

Total ElectriFI Financing: EUR 1.500.000 equivalent in XOF

Environmental and Social Category: FI-C

(A) high risk, (B+) medium high risk, (B) medium risk or (C) low risk

Project overview:

Fin’Elle, La Finance pour ELLE, SA is a microfinance institution specialized in financing women entrepreneurship. Headquartered in Abidjan, the company is part of Groupe COFINA, a leading Pan-African network of financial institutions targeting the MSME segment, hence contributing to financial inclusion in Africa. As per December 2020, Fin’Elle provides financial services to 8,863 clients – most of them women – including MSME loans, savings, remittances, cheques, etc.

Funding objective:

The instrument used by the ElectriFI Country Window consists in a subordinated loan together with technical assistance component. The funding objective is to catalyze a green portfolio at Fin’Elle level and concretely support the implementation of the company green strategy.

Why ElectriFI wants to fund this project:

ElectriFI wants to support Fin’Elle in its efforts to develop a green strategy to reach and finance MSME clients active in recycling, renewable energy and energy efficiency.