Mali: 90,000 Smallholders and Entrepreneurs to Benefit From EIB Backed Expansion of Leading Microfinance Institution

Rural smallholders and low-income entrepreneurs across Mali will benefit from improved access to finance and local currency loans essential for expanding business activity or agriculture following EUR 10 million support from the European Investment Bank, the world’s largest international public bank, formally agreed in Bamako today.

The new support will enable significant expansion of financial services provided by Kafo Jiginew, a leading microfinance institution in Mali. The new support is expected to enable around 60,000 microfinance loans to be provided to smallholder farmers and provide financing for more almost 15,000 people.