News

British International Investment and Compagnie Financière Africaine (COFINA) Advance Gender Finance for Small Businesses in Côte D’Ivoire Through EUR 14 Million Loan

Source: British International Investment

British International Investment (BII), the UK development finance institution (DFI) and impact investor, has committed a senior loan of EUR 14 million to COFINA Côte d’Ivoire, a specialist meso-finance lender, to support the growth of Micro-, Small- and Medium-sized Enterprises (MSMEs) and advance gender finance.

The commitment will enable COFINA to provide additional loans in the next three years to MSMEs in Cote d’Ivoire. COFINA is well placed to provide meso-finance, which means providing financing to the “missing middle” – SMEs too small to be serviced by banks and too large for microfinance providers.