$725 million: that is the amount raised by African startups in 2018, versus $560 million in...
BNP Paribas pursues its commitment to inclusive finance by supporting African Microfinance Week
BNP Paribas, a committed player for inclusive finance, is supporting African Microfinance Week taking place in Ouagadougou from 21 to 25 October 2019. This year’s theme is “Inclusive finance for the Sustainable Development Goals”. The aim of the initiative is to bring players in the sector together for a series of events: talks, workshops, training sessions... An occasion for BNP Paribas to reiterate its 30-year commitment to microfinance.
BNP Paribas, a committed player in microfinance
In fact, it was in Africa, nearly 30 years ago, that BNP Paribas granted its first loan to a Microfinance Institution (MFI). Since then, the Group’s support has expanded and BNP Paribas now uses the full range of resources available to meet the needs of MFIs. With more than 2 million beneficiaries worldwide and the creation of Microfinance Institutions in Belgium (MicroStart) and Luxembourg (Microlux), BNP Paribas microfinance has experienced a strong growth dynamic in recent years.
BNP Paribas microfinance key figures*
*BNP Paribas estimated microfinance figures since 1989
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