English
Date: 12/01/2015

Investisseurs & Partenaires and ACEP-International are currently working on the setting up of a pan-African microfinance group that would gather the Comorian Development Bank and the national branches of ACEP, established in Cameroon, Burkina Faso, Niger and Madagascar. 

 

 

Microfinance is expanding rapidly on the African continent. The ACEP network (ACEP standing for Agency for Private Enterprise Credit), initiated in 1989 in Senegal has successfully developed to Madagascar in 1995, Cameroon in 1999, Burkina Faso in 2009 and Niger in 2012. As shown in the following graph, this network constitutes one of the key players of the microfinance sector in Africa. 

 

Key Issues of the project

The microfinance industry undergoing profound changes, I&P and ACEP-International partnership aims at building a financially solid, professional and greatly flexible group. The group will play a decisive role to:

  • Reach a critical size, to facilitate access to equity and quasi-equity
  • Develop the existing ACEP institutions more rapidly, thanks to the continuous support of a dedicated team and dissemination of good practices
  • Improve our capacity to launch new projects  in other countries (possibly develop 6 to 7 institutions by 2016)
  • Acquire a greater refinancing capacity: synergistic effects, access to bond market…
  • Develop shared tools and therefore innovate for greater impact and social performance
  • Better manage risks, thanks to improved monitoring and evaluation capacities 

 

Impact and CSR

Creating valuable social and environmental impact is at the core of ACEP activities. The establishment of a pan-African group represents a unique opportunity to develop a formal CSR and Impact policy. This policy will notably consist of:

  • Integrating CSR criteria into all operations and activities of the group
  • Accountability to clients and employees
  • Social performance monitoring by setting up adequate indicators, at the level of the network and of the institutions
  • Environmental responsibility  

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