FIN’Elle

ElectriFI committed EUR 1.5 m in FIN’Elle, La Finance pour ELLE, to catalyse a green portfolio at FIN’Elle level and concretely support the implementation of the company green strategy.

Project overview

ElectriFI contracted a EUR 1.5 million subordinated debt with FIN’Elle, La Finance pour ELLE. The microfinance institution specialised in financing female entrepreneurs and MSMEs in Ivory Coast is a subsidiary of COFINA and committed to ensure financial services are available, accessible and affordable for all.

For the first time, the loan provided by ElectriFI is combined with technical assistance, including capacity building and other forms of non-financial support co-financed equally by FIN’Elle and the EDFI ElectriFI Ivory Coast Country Window.

Funding objective

The instrument used by the ElectriFI Country Window consists in a subordinated loan together with technical assistance component. The funding objective is to catalyse a green portfolio at FIN’Elle level and concretely support the implementation of the company green.

Investment rationale

ElectriFI wants to support FIN’Elle in its efforts to develop a green strategy to reach and finance MSME clients active in recycling, renewable energy and energy efficiency.

Read more:

• Fin’Elle | ElectriFI
• EDFI ElectriFI backs microfinance institution Fin’ELLE with a EUR 1.5 million investment to boost renewable energy, energy access and energy efficiency in Côte d’Ivoire | ElectriFI
• FIN’Elle – Mesofinance dedicated to women entrepreneurs: tailor-made financing solutions (fin-elle.com)