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MicroCred Madagascar

May 9, 2014



Project Status : Active Project Number : 599848 IFC Approval Date : 01/10/2014 Country : Madagascar Disclosure Date : 03/12/2014 Region : Sub-Saharan Africa Status : Active Business Line : Access To Finance Project Estimated End Date : 12/31/2016 Estimated Total Budget : $1,537,804.00 Last Updated Date : 05/08/2014 (Project budget includes all project-funded activities) Project Description : This project will be implemented through MicroCred Holding, which will support the scaling up of its affiliate, MicroCred Madagascar (MCM). MCMs vision is to be the leading full service, retail micro finance institution meeting the needs of the Senegalese market. In order to achieve this, MCM will introduce new channels to both deepen its reach in existing markets as well as expand and reach new clients in new markets. Expected Development Impact : This project is expected to contribute to expanded access to finance in Madagascar, particularly in rural areas where both banking and microfinance sector penetration remains extremely low.

Project completion date : 2016-12-31 12:00:00

Major organization : INTERNATIONAL FINANCE CORPORATION (IFC)

Address : 2121 Pennsylvania Avenue, NW Washington, DC 20433 United States Website : http://www1.ifc.org



Country :United States

Financier : International Finance Corporation (IFC),


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Source: TendersInfo (India)


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