Fin'Elle
- Country
- Ivory Coast
- Technology
- Multiple
- Business model
- Multi
EDFI ElectriFI committed EUR 1.5 m in Fin’Elle, La Finance pour ELLE, to catalyse a green portfolio at Fin’Elle level and concretely support the implementation of the company green strategy.
Contract signature date: November 2021
Total ElectriFI financing: EUR 1.5 m
Environmental and Social Category: C
(A) high risk, (B+) medium high risk, (B) medium risk or (C) low risk
About the project:
EDFI ElectriFI contracted a EUR 1.5 million subordinated debt with Fin’Elle, La Finance pour ELLE. The microfinance institution specialised in financing female entrepreneurs and MSMEs in Côte d’Ivoire is a subsidiary of COFINA and committed to ensure financial services are available, accessible and affordable for all.
For the first time, the loan provided by EDFI ElectriFI is combined with technical assistance, including capacity building and other forms of non-financial support co-financed equally by Fin’Elle and the EDFI ElectriFI Côte d’Ivoire Country Window.
- Number of beneficiaries
- 60
Impact
- Beneficiary
- Fin'Elle Groupe Cofina
- Financing instrument
- Subordinated debt
- Amount
- EUR 1,5m
- Countries
- Ivory Coast
- Technology
- Multi
- Business model
- MFI
- Year
- 2021
- Facility
- ElectriFI Ivory Coast Country Window