Microcred SAS

Cote d'Ivoire Financial services

Microcred SAS, founed in 2005, is a group of financial institutions primarily in sub-Saharan Africa. The bank provides basic financial services tailored to the needs of the underbanked micro and SME businesses, operating in Senegal, Madagascar, Ivory Coast, Nigeria, Mali, Zimbabwe, Burkina Faso and Tunisia.

  • Active
  • Exited

MicroVest GMG Local Credit Fund Limited

We are invested in Microcred SAS through MicroVest GMG Local Credit Fund Limited, which is managed by MicroVest GMG Capital Management. For further information on the fund, the fund manager, and the expected impact of the fund’s investment, click here.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
Africa, West Africa
Countries:
Cote d'Ivoire
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.

:
Financial services
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund:
MicroVest GMG Local Credit Fund Limited
Fund Manager:
MicroVest GMG Capital Management
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
December 2016
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
France

MicroVest GMG Local Credit Fund Limited

We are invested in Microcred SAS through MicroVest GMG Local Credit Fund Limited, which is managed by MicroVest GMG Capital Management. For further information on the fund, the fund manager, and the expected impact of the fund’s investment, click here.

Key facts

Status:
Active
Region

Since 2012, we’ve only invested in Africa and South Asia. Investments outside these regions are from our pre-2012 portfolio.

:
Africa, West Africa
Countries:
Cote d'Ivoire
Sector

We have seven priority sectors. However, we continue to invest outside these sectors, largely in the most challenging regions, as new investment supporting any sector helps to underpin the private sector, and create jobs and livelihoods for people.

:
Financial services
Investment type

We provide capital in three broad ways: direct equity, debt, and intermediated equity (principally through investment funds).

:
Intermediated investment
Fund:
MicroVest GMG Local Credit Fund Limited
Fund Manager:
MicroVest GMG Capital Management
Start date

For direct investments, this is the date CDC committed capital to the business or project.

For funds, this is the date that CDC committed capital to the fund.

For underlying fund investments, this is the date that the fund invested capital into the business.e

:
December 2016
Domicile

This is the investee company’s place of incorporation; or a fund’s jurisdiction.

:
France