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Supporting Zambian MSMEs
Project
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Signature date
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Location
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Zambia
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Financing tool
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Financing amount (Euro)
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1000000
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Financing details
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ZMW 22,845,070 guarantee
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Customer
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AB BANK Zambia
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Type of customer
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Microfinance
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Country of headquarters
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Zambia
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Project number
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CZM1038
This information is given at the time of signature, without prejudice to any developments in the operation/project.
Proparco and AB Bank Zambia are partnering to support entrepreneurs in Zambia.
Client presentation
AB Bank Zambia (ABZ) is a Zambian microfinance institution set up by Access Holding in 2011. It provides small loans to microentrepreneurs and SMEs via a network of seven branches.
Project description
The EUR 1m guarantee allocated by Proparco aims to support the growth of ABZ in the MSME client segment in Zambia.
Project impact
The guarantee allocated by Proparco will support and assist clients with their growth dynamics and create jobs.